The growth of experiential luxury in the Philippines in 2024 is supported by ongoing urbanisation trends in the country, alongside an expanding middle-class segment of consumers and the lowering levels of inflation leading to stronger spending power. This is further supported by the growth of luxury brands and services, such as seen with high-end fine dining and luxury services offered by five-star hotels and casino resorts. Areas seeing such developments include the Metro Manila, which comprise...
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 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 the Philippines
Euromonitor International
October 2024
List Of Contents And Tables
EXPERIENTIAL LUXURY IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Ongoing urbanisation trends and middle-class expansion help to support experiential luxury
Exclusive destinations are key to experiential luxury
Consumers re-embrace freedom in experiential luxury
PROSPECTS AND OPPORTUNITIES
Growing collaborations expected amongst experiential luxury groups
Loyalty rewards and credit functions attract consumers