Category: Luxury Goods
Asia Luxury Goods
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Luxury Goods in China
... to live in the moment and enjoy life, as well as rising interest in purchasing luxury goods as investment pieces - ownership of material things is increasingly linked to investment as consumers continue to shift ... Read More
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Personal Luxury in the Philippines
... Hermès is also incorporating new printed designs and adding a new printing line at its textiles site in Pierre Bénite in France. Euromonitor International's Personal Luxury in Philippines report offers a comprehensive guide to the ... Read More
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Experiential Luxury in Hong Kong, China
... declined by 70% to HKD3.8 billion in 2020, but by 2023 had exceeded their pre-pandemic level of HKD12.7 billion. Key source markets for inbound travellers in 2024 are set to include China, the Philippines, Taiwan, ... Read More
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Personal Luxury in China
... is thanks to inflation and successful marketing that appeals to wealthy consumers’ interest in popular luxury brands. Moreover, there is an accelerating trend towards purchasing fewer but better-quality products. Designer brands are favourites in the ... Read More
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Experiential Luxury in China
... rewarding experiences and activities than on material items. People are keen to make the most of the moment and enjoy the present, with wealthier individuals increasingly keen to spend money on living life to the ... Read More
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Experiential Luxury in Singapore
... to shape the trend towards experiences above goods. Value sales at the height of the pandemic fell by 65% to SGD620 million in 2020. 2024 marks the year when sales in experiential luxury have recovered, ... Read More
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Luxury Goods in the Philippines
... alongside growth in the number of premium retail outlets and luxury travel options. This is also being supported by a lower rate of inflation in the country in 2024, compared to 2023 and 2022, as ... Read More
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Personal Luxury in Singapore
... SGD712 million. Euromonitor International's Personal Luxury in Singapore report offers a comprehensive guide to the size and shape of the Personal Luxury market at a national level. It provides the latest retail sales data, allowing ... Read More
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Premium and Luxury Cars in Hong Kong, China
... represent a return to growth, with sales having fallen dramatically in 2023 after two years of exceptionally strong growth in 2021 and 2022. In contrast to most areas of the luxury goods market, premium and ... Read More
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Premium and Luxury Cars in China
... proving resilient in the face of macroeconomic headwinds. Wealth determines the degree of demand that exists for premium and luxury cars, and sales performance is greatly impacted by consumer confidence among a niche demographic. The ... Read More
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Luxury Goods in Singapore
... in luxury experiences and premium products, especially limited edition and exclusive goods. This positive growth was bolstered further by international leisure tourism, in addition to business travellers. In-store focused on expanding luxury services to offer ... Read More
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Luxury Goods in Hong Kong, China
... strong economy, favourable tax policies, and reputation as a shopping destination have attracted luxury brands and affluent shoppers from around the world for many years. The increase in sales in 2024 has been supported by ... Read More
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Premium and Luxury Cars in Singapore
... of macroeconomic challenges. Sales are heavily based on high consumer confidence amongst the wealthier demographic. Consequently, the number of individuals owning significant wealth considerably impacts sales, with over 800 ultra HNWIs, 26,300 HNWIs, and 247,600 ... Read More
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Premium and Luxury Cars in the Philippines
... the growth of the middle-class are helping to boost sales in premium and luxury cars – particularly so within metropolitan areas. Overall, this urban migration, coupled with a rise in population, has intensified demand for ... Read More
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Personal Luxury in Hong Kong, China
... primarily by sales of designer apparel (ready-to-wear), which accounts for 65% of overall value sales. Rising prices are playing a role, with current value growth outpacing the rise in volume sales. Nonetheless, volume sales are ... Read More
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Experiential Luxury in the Philippines
... 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 ... Read More
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Experiential Luxury in Thailand
... restrictions eased and consumers turned to “revenge” spending, including on travel and exciting experiences due to greater mobility outside of the home. Nevertheless, the ongoing positive performance of the category is being supported by demand ... Read More
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Premium and Luxury Cars in Thailand
... Thailand’s economic situation remains uncertain, as it continues to be pressured by high inflation and soft spending power among the local population, the category of premium and luxury cars remains resilient due to the main ... Read More
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Personal Luxury in Thailand
... continues to recover in 2024. Growth is being supported by the ongoing return of consumers to physical stores, where many Thais and international visitors prefer to visit specialist retailers in person to try on and ... Read More
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Luxury Goods in Thailand
... as it is a hub for luxury shopping centres such as IconSiam, Siam Paragon, Central Chidlom and Gaysorn Plaza. Euromonitor International's Luxury Goods in Thailand report offers a comprehensive guide to the size and shape ... Read More
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Experiential Luxury in South Korea
... by the outbreak of COVID-19: a focus on services above manufactured goods. This focus has benefited industries, including food service, travel, hotels and holidays, as consumers invest in experiences above physical goods. Due to the ... Read More
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Luxury Goods in South Korea
... the release of pent-up demand on a post-pandemic landscape and heightened tourism. Strong marketing campaigns that included local influencers drove sales, while new launches offered limited edition products and exclusive ranges. In addition, players offered ... Read More
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Premium and Luxury Cars in South Korea
... while the macroeconomic situation has less impact on luxury and higher-income consumers in South Korea. Wealth determines the demand for premium and luxury cars, and sales are reliant on high consumer confidence amongst a niche ... Read More
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Personal Luxury in South Korea
... men's designer apparel saw standout growth of 7%. Retail value sales received a boost from inflation, while wealthier consumers continued to desire designer apparel and footwear that represents quality, in addition to status. 13 million ... Read More
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Experiential Luxury in Malaysia
... 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 ... Read More
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