economy
This paradox, where luxury thrives while the global economy declines, is due to several interconnected factors affecting both the supply and demand of high-end goods and services. The following explores in detail the factors that allow the luxury sector to benefit during recession periods.
The luxury market in India has experienced impressive growth in recent years, driven by a combination of economic, demographic, and cultural factors. The country’s economic transformation, along with increased personal wealth and greater exposure to international brands, has created a conducive environment for luxury expansion. This report will provide a detailed overview of the factors driving this market, its segmentation, current trends, challenges, and future prospects.
The tourism market has evolved due to changing traveler preferences and new technologies. Luxury tourist apartments appeal to those seeking personalized, high-quality experiences. This report explores their competitive advantages, investment prospects, privacy, flexibility, premium locations, and challenges such as regulations and competition. Effective management and digital marketing are crucial for capitalizing on this lucrative segment.
The luxury economy is set for significant change by 2025, driven by digital transformation, sustainability, and experiential luxury. Online sales are projected to grow, integrating technologies like VR and blockchain. Ethical practices will rise, and new luxury markets in Asia will expand. Technological advancements will create novel luxury goods, while smart cities will enhance real estate value.
LVMH, the world’s largest luxury goods conglomerate, has been significantly impacted by the recent slowdown in China’s consumer spending. In the first half of 2024, the company’s net profit fell by 14%. This trend is part of a global phenomenon affecting luxury brands, particularly in Asia, a key market.
The Prada Group has reported an impressive 17% increase in its revenues during the first…
The luxury giant LVMH, through its private equity firm L Catterton, has acquired a stake…
Shares of luxury giant Hermes International rose on Friday after it reported strong H1 results.…
The luxury housing market in India has shown remarkable growth driven by the demand from…
LVMH’s 14% drop in net profit from €8.48bn to €7.27bn for the first half of…
Luxury brands are adopting an aggressive discount strategy in China, offering up to 50% price…
[lwptoc title=”Contents” toggle=”0″] Introduction The analysis of luxury product consumption by the LGTBIQ+ community reveals…
[lwptoc numeration=”none” title=”Contents” toggle=”0″] Introduction Lebanon, although small in territory, has a rich winemaking history…
[lwptoc title=”Contents” toggle=”0″] Introduction The luxury anti-aging market has experienced robust growth in recent decades,…
[lwptoc title=”Contents” toggle=”0″] Introduction The luxury textile market is an exclusive segment of the fashion…
[lwptoc title=”Contents” toggle=”0″] Introduction The Dominican Republic, renowned for its paradisiacal landscapes and rich cultural…
[lwptoc title=”Contents”] The luxury market continues to show dynamism and significant growth globally. This report…
Generation Alpha, composed of individuals born from 2010 onwards, is beginning to have a significant…
[lwptoc toggle=”0″] The luxury market in China has experienced exponential growth in recent years, positioning…
[lwptoc toggle=”0″] Online luxury commerce has undergone a significant transformation in recent years, driven by…
Miami, besides having stunning beaches, a vibrant nightlife, and a rich cultural mix, is also…
The French billionaire Bernard Arnault, Chairman and CEO of Moët Hennessy Louis Vuitton (LVMH), has…
The global wine trade is a dynamic and ever-evolving industry, reflecting both the winemaking traditions…
Françoise Bettencourt Meyers is a French businesswoman, writer, and philanthropist known for being the heiress…
The luxury goods market has experienced significant growth in recent decades, driven by demand in…
In recent years, Madrid has emerged as an epicenter of luxury real estate investment, particularly…
Taylor Swift is not just a pop star; she is a global economic force. With…
In the United States, the concentration of millionaires is a clear indicator of economic power…
There is no doubt that Japan is “on fire,” as Prada’s CEO Andrea Guerra said…
In the luxury sector in Latin America, Mexico stands out as the country with the…
In 2023 international tourist arrivals recovered 89% of 2019 levels and export revenues from tourism…
LVMH Group, the world leader in high-quality products, and Alibaba Group, the leading e-commerce and…
The global secondhand luxury goods market is presently witnessing a notable upsurge, driven primarily by…
As we approach the third decade of the 21st century, the luxury sector is facing…
The global luxury hotel market is estimated at $107.77 billion in 2024 and is expected…
Andalusia, known for its rich history, vibrant culture, and stunning natural beauty, has emerged as…
