Luxury hotels have continued see dynamic growth in current value terms in 2024 although sales still remain well below pre-pandemic levels. As part of efforts to support the recovery of tourism in Malaysia the government has initiated various incentives to attract visitors. For example, Malaysia has offered visa exemptions for passport holders of The People’s Republic of China from December 2023 to December 2024. Those eligible for visa-free entry into Malaysia are permitted to stay for up to 30...
Euromonitor International's Experiential Luxury in Malaysia report offers a comprehensive guide to the size and shape of the Experiential Luxury market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Experiential Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Experiential Luxury market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Experiential Luxury in Malaysia
Euromonitor International
October 2024
List Of Contents And Tables
EXPERIENTIAL LUXURY IN MALAYSIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Luxury hotels continue on the path to recovery in post-pandemic Malaysia
Familiar international players lead luxury hotels in Malaysia with further investment being seen in 2024
Regenerative and sustainable tourism a key marketing strategy – especially for island destinations
PROSPECTS AND OPPORTUNITIES
New luxury hotels set to continue opening with Malaysia becoming an increasingly popular destination for wealthy travellers
Strong potential for luxury foodservice to establish its ground in Malaysia with surging popularity of luxury café and dining concepts
Sustainable travel options and online bookings two key trends to look out for in the forecast period
CATEGORY DATA
Table 1 Sales of Experiential Luxury by Category: Value 2019-2024
Table 2 Sales of Experiential Luxury by Category: % Value Growth 2019-2024
Table 3 NBO Company Shares of Experiential Luxury: % Value 2019-2023
Table 4 LBN Brand Shares of Experiential Luxury: % Value 2020-2023
Table 5 Forecast Sales of Experiential Luxury by Category: Value 2024-2029
Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2024-2029
LUXURY GOODS IN MALAYSIA
EXECUTIVE SUMMARY
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 7 Sales of Luxury Goods by Category: Value 2019-2024
Table 8 Sales of Luxury Goods by Category: % Value Growth 2019-2024
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
Table 10 NBO Company Shares of Luxury Goods: % Value 2019-2023
Table 11 LBN Brand Shares of Luxury Goods: % Value 2020-2023
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2024
Table 13 Forecast Sales of Luxury Goods by Category: Value 2024-2029
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029