Experiential Luxury in Australia

Experiential Luxury in Australia

In the first half of 2020, the COVID-19 pandemic brought economies and travel and tourism to a standstill, moving east from China and Asia Pacific, spreading to Europe and the Americas to effect over 180 countries worldwide, ushering in travel bans, grounded aircraft and lockdowns around the world. According to the UNWTO, 100% of destinations imposed some form of travel ban or restrictions in 2020, with 60% still in place at the end of July 2020. Australia is no different; the country closed int...

Euromonitor International's Experiential Luxury in Australia 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 2025 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.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.


Experiential Luxury in Australia
Euromonitor International
January 2021
List OF CONTENTS AND TABLES
KEY DATA FINDINGS
2020 IMPACT
International and domestic border closures due to COVID-19 wreaks havoc on experiential luxury in 2020
Luxury foodservice suffer as Palazzo Versace is closed twice in 2020
Luxury hotel bookings suffer although regional tourism increases in 2020
RECOVERY AND OPPORTUNITIES
Experiential luxury unlikely to recover over the forecast period due to decreased disposable incomes
Luxury hotels set to decrease prices and increase special offers to tempt customers back over the forecast period
Competition from non-luxury experiential resorts on the increase
CATEGORY DATA
Table 1 Sales of Experiential Luxury by Category: Value 2015-2020
Table 2 Sales of Experiential Luxury by Category: % Value Growth 2015-2020
Table 3 NBO Company Shares of Experiential Luxury: % Value 2015-2019
Table 4 LBN Brand Shares of Experiential Luxury: % Value 2016-2019
Table 5 Forecast Sales of Experiential Luxury by Category: Value 2020-2025
Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2020-2025
EXECUTIVE SUMMARY
COVID-19 impact on luxury goods
COVID-19 country impact
Company response
Retailing shift
What next for luxury goods?
MARKET INDICATORS
Table 7 Number of High Net Worth Individuals (HNWI): 2015-2020
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2015-2020
Table 9 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 11 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 12 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 14 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025
DISCLAIMER
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
SOURCES
Summary 1 Research Sources

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook