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Statista study published on the topic in March of 2021. This Chinese tourism segment, however, has been expected to bounce almost entirely back in 2023 and 2024, where it is forecasted to climb to 41 billion U.S. dollars. On the other hand, domestic luxury tourism in the Asian country was less impacted by the COVID-19 pandemic. Namely, this segment of China's tourism was projected to have generated one billion U.S. dollars less in 2020 compared to 2019, but quickly thereafter begin bringing in growing revenues each consecutive year until at least 2024, when approximately 137 billion U.S. dollars in revenue could be generated.
China’s international luxury tourism was anticipated to have experienced a decline in revenue of approximately 67 percent by the end of 2020, according to a Luxury tourism revenue in China from 2019 to 2024, by market (in billion U.S. dollars)
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Statista. (March 5, 2021). Luxury tourism revenue in China from 2019 to 2024, by market (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1071577/china-luxury-tourism-revenue-origin/
Statista. "Luxury tourism revenue in China from 2019 to 2024, by market (in billion U.S. dollars)." Chart. March 5, 2021. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1071577/china-luxury-tourism-revenue-origin/
Statista. (2021). Luxury tourism revenue in China from 2019 to 2024, by market (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1071577/china-luxury-tourism-revenue-origin/
Statista. "Luxury Tourism Revenue in China from 2019 to 2024, by Market (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Mar 2021, https://www.statista.com/statistics/1071577/china-luxury-tourism-revenue-origin/
Statista, Luxury tourism revenue in China from 2019 to 2024, by market (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1071577/china-luxury-tourism-revenue-origin/ (last visited May 13, 2024)
Luxury tourism revenue in China from 2019 to 2024, by market (in billion U.S. dollars) [Graph], Statista, March 5, 2021. [Online]. Available: https://www.statista.com/statistics/1071577/china-luxury-tourism-revenue-origin/