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Experiential Luxury in China

Publisher Euromonitor International
Published Oct 02, 2023
Length 21 Pages
SKU # EP18249642

Description

Experiential Luxury in China


Tourist arrivals in China were seen to recover in 2023, despite global macroeconomic pressures such as high inflation and the rapid escalation of living costs. This was an improvement on previous years, when the pandemic prevented people from travelling. There was also a consumer shift towards spending on more rewarding experiential activities than on material goods. As a result, value sales of experiential luxury grew by 9% to total CNY56.3 billion in 2023, boosted by a return to more normal ac...

Euromonitor International's Experiential Luxury in China 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 2027 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.

Table of Contents

21 Pages
Experiential Luxury in China
Euromonitor International
October 2023
List Of Contents And Tables
EXPERIENTIAL LUXURY IN CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Current retail value sales of experiential luxury on the rise in 2023
Luxury hotels records the highest value growth in the category overall in 2023
Hyatt Hotels Corp holds the lead in experiential luxury in 2022
PROSPECTS AND OPPORTUNITIES
Retail value sales look set to increase over the forecast period
Luxury hotels looks likely to witness the most dynamic performance over the forecast period
CATEGORY DATA
Table 1 Sales of Experiential Luxury by Category: Value 2018-2023
Table 2 Sales of Experiential Luxury by Category: % Value Growth 2018-2023
Table 3 NBO Company Shares of Experiential Luxury: % Value 2018-2023
Table 4 LBN Brand Shares of Experiential Luxury: % Value 2019-2022
Table 5 Forecast Sales of Experiential Luxury by Category: Value 2023-2028
Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2023-2028
LUXURY GOODS IN CHINA
EXECUTIVE SUMMARY
Luxury goods in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 7 Sales of Luxury Goods by Category: Value 2018-2023
Table 8 Sales of Luxury Goods by Category: % Value Growth 2018-2023
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
Table 10 NBO Company Shares of Luxury Goods: % Value 2018-2023
Table 11 LBN Brand Shares of Luxury Goods: % Value 2019-2023
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2023
Table 13 Forecast Sales of Luxury Goods by Category: Value 2023-2028
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources

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