Experiential Luxury in the Philippines
Experiential luxury, driven by luxury hotels in the Philippines, is set to make a full and strong recovery in current value sales terms in 2022 with double-digit growth. This follows triple-digit value growth the previous year following the drastic downturn in sales during 2020 as a direct result of the pandemic, which limited inbound travel and resulted in home seclusion as the government attempted to control the spread of the virus. Prior to the outbreak of COVID-19, the category was experienc...
Euromonitor International's Experiential Luxury in Philippines 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 2026 illustrate how the market is set to change
Product coverage: Luxury Foodservice, Luxury Hotels.
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 the Philippines
- Euromonitor International
- August 2022
- List Of Contents And Tables
- EXPERIENTIAL LUXURY IN THE PHILIPPINES
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Domestic consumers boost growth through luxury hotels
- Resumption of hotel openings
- Staycations are part of “new normal” in 2022
- PROSPECTS AND OPPORTUNITIES
- Return of overseas tourists to support further growth
- Drop in exchange rate to help support international tourist spending and domestic purchases
- Health and safety concerns to shift demand to luxury hotels
- CATEGORY DATA
- Table 1 Sales of Experiential Luxury by Category: Value 2017-2022
- Table 2 Sales of Experiential Luxury by Category: % Value Growth 2017-2022
- Table 3 NBO Company Shares of Experiential Luxury: % Value 2017-2021
- Table 4 LBN Brand Shares of Experiential Luxury: % Value 2018-2021
- Table 5 Forecast Sales of Experiential Luxury by Category: Value 2022-2027
- Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2022-2027
- LUXURY GOODS IN THE PHILIPPINES
- EXECUTIVE SUMMARY
- Luxury goods in 2022: The big picture
- 2022 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
- MARKET DATA
- Table 7 Sales of Luxury Goods by Category: Value 2017-2022
- Table 8 Sales of Luxury Goods by Category: % Value Growth 2017-2022
- Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
- Table 10 NBO Company Shares of Luxury Goods: % Value 2017-2021
- Table 11 LBN Brand Shares of Luxury Goods: % Value 2018-2021
- Table 12 Distribution of Luxury Goods by Format and Category: % Value 2022
- Table 13 Forecast Sales of Luxury Goods by Category: Value 2022-2027
- Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
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