Largest luxury markets in Africa 2018, by revenue
The luxury sector in Africa generated 6.1 billion U.S. dollars in 2018. By individual markets, South Africa led the ranking, with a revenue of 2.1 billion U.S. dollars. The figure included luxury cars, luxury clothing and accessories, luxury watches, private jets, yachts, and luxury hotels and lodges. In South Africa, Kenya, Egypt, and Morocco, the luxury sector was boosted by a large chain of premium hotels.