Spending on luxury leisure hospitality worldwide 2023-2028, by wealth segment

Published by Statista Research Department, Jun 19, 2024

Spending on luxury leisure hospitality worldwide amounted to 239 billion U.S. dollars in 2023. That year, consumers in the aspiring luxury category - defined as travelers with a net worth between 100 thousand and one million U.S. dollars - accounted for the highest expenditure, at 84 billion U.S. dollars. Overall, global spending on luxury leisure hospitality was forecast to reach an estimated 391 billion U.S. dollars in 2028.

Spending on luxury leisure hospitality worldwide in 2023, with a forecast for 2028, by wealth segment (in billion U.S. dollars)

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Release date

May 2024

Region

Worldwide

Survey time period

2023

Supplementary notes

The source defined the wealth segments in the following ways: 

Aspiring luxury: travelers with a net worth between 100 thousand and one million U.S. dollars.

High net worth: travelers with a net worth between one million and five million U.S. dollars.

Very high net worth: travelers with a net worth between five million and 30 million U.S. dollars.

Ultrahigh net worth: travelers with a net worth higher than 30 million U.S. dollars.

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