Not anytime soon: Muslim expenditure on travel will only reach pre-pandemic levels by 2023 - study
What were the biggest developments in the global Muslim-friendly travel industry in 2019-2020? The State of the Global Islamic Economy 2020/21 report from DinarStandard gives a detailed breakdown of the movements in the industry, with the headline being the adverse impact the COVID-19 pandemic has had on the world's travel industry.
MARKET SIZE
- Muslims globally spent $194 billion on travel in 2019, up 2.7% from $189 billion in 2018.
- Muslim expenditure on travel is expected to plunge to $58 billion in 2020.
- The sector is expected to recover to 2019 levels by 2023.
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