Category: Luxury Goods
Philippines Luxury Goods
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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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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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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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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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Luxury Goods in the Philippines
... resurgence of travel and tourism presented favourable opportunities for consumers to indulge in upscale shopping and recreational pursuits, consequently driving an upswing in sales. The latter half of the review period also saw a return ... Read More
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Experiential Luxury in the Philippines
... improvement on 2021 and 2022, when restrictions related to Coronavirus (COVID-19) were still impacting travel. There is also a desire amongst consumers to spend on experiences rather than material possessions. Due to this, retail current ... Read More
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Personal Luxury in the Philippines
... SA, Kering SA and Rolex SA. Growth was fuelled by investments in luxury goods like designer apparel and footwear (ready-to-wear) and super premium beauty and personal care as an alternative asset class. Moreover, the idea ... Read More
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Premium and Luxury Cars in the Philippines
... in the face of macroeconomic headwinds. Wealth determines the degree of demand that exists for premium and luxury cars, and prevailing consumer confidence among a targeted, niche demographic has a significant impact on sales. The ... Read More
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Premium and Luxury Cars in the Philippines
... easing of various measures in 2021 resulted in a more positive performance for the category, although overall demand remained well below pre-pandemic levels. While volume and value sales figures are still struggling to fully recover ... Read More
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Personal Luxury in the Philippines
... various measures in 2021 resulted in a more positive performance for the category, although overall demand remained well below pre-pandemic levels. While volume and value sales figures are still struggling to fully recover in 2022, ... Read More
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Luxury Goods in the Philippines
... to be lifted towards the end of 2021 and schools aiming to return to in-person learning in the 2022 autumn school year). However, despite predictions for a second consecutive year of double-digit current value growth ... Read More
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Experiential Luxury in the Philippines
... 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 ... Read More
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Luxury Portable Consumer Electronics in the Philippines
... stores and, in 2019, via the Platinum post-paid subscription at Globe as a limited edition phone (20 units only). The closure of non-essential physical stores due to COVID-19 made it impossible for these to be ... Read More
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Luxury Writing Instruments and Stationery in the Philippines
... often like to use high-end writing instruments and stationery in order to demonstrate courtesy to the recipients of their correspondence. These products are also often gifted to friends and family on special occasions, as well ... Read More
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Luxury Jewellery in the Philippines
... remote working and the curtailing of celebratory gatherings have meant that there have been far fewer opportunities for wearing and displaying luxury jewellery. Most Filipinos wear luxury costume jewellery during these events, with luxury fine ... Read More
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Luxury Hotels in the Philippines
... were either forced or chose to return home during the pandemic. The government mandated that these returnees must quarantine for a 17-day period. In order to facilitate this, it forged a partnership with hotel chains ... Read More
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Luxury Eyewear in the Philippines
... which many purchase the latest fashions in sun glasses, but also meant that international tourists stayed away. Even the easing of the local lockdown restrictions did little to help sales in 2020 as the summer ... Read More
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Luxury Timepieces in the Philippines
... definitive purchasing decision. This is a strong consumer preference across a range of luxury goods categories because of the high prices commanded by luxury products, as well as the importance of an exclusive shopping experience ... Read More
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