Category: Luxury Goods
Asia Luxury Goods
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Experiential Luxury in Hong Kong, China
... a massive pivot of their target audience. Compared with international tourists, local consumers are more driven by value for money. In response to this, luxury hotels have been collaborating with travel intermediates to offer staycation ... 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 Packaging Market, By Material (Paperboard, Glass, Metal, Plastics, Other Types of Materials), By End-User Industry (Cosmetics and Fragrances, Confectionery, Watches and Jewellery, Premium Beverages, Other End-user Industries), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
... Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030 The process of luxury packaging involves design, research, development and manufacturing. This type of packaging enhances the image of a ... Read More
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Experiential Luxury in Turkey
... with this being mostly due to a steady recovery in inbound tourism The adoption of strict hygiene and safety protocols to reduce the risk of exposure to COVID-19 and to provide reassurance to guests has ... Read More
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Luxury Goods in Turkey
... by the reopening of stores and the progression of the country’s COVID-19 vaccination programme, coupled with the easing of public health restrictions. As consumers start to lead more active lives outside the home they have ... Read More
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Premium and Luxury Cars in Turkey
... value terms in Turkey in 2022, with Mercedes-Benz, Audi and BMW remaining the outright leaders in the market. Nonetheless, inventory shortages caused by pandemic-related disruption to international production and supply chains continues to limit the ... Read More
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Personal Luxury in Turkey
... soaring in 2021 and 2022. Manufacturers of designer apparel and footwear (ready-to-wear) responded by hiking their prices and looked to make their products even more desirable to their customers. As a result, while designer apparel ... Read More
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Premium and Luxury Cars in South Korea
... Korean government’s temporary reduction in the individual consumption tax imposed on passenger car purchases. The tax was cut from 5% to 3.5% in 2018, with this having been rolled over every six months since then, ... Read More
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Luxury Goods in South Korea
... the pandemic, consumers instead purchased luxury goods through domestic department stores and e-commerce to treat themselves and help them get through a difficult environment. With the easing of cases of COVID-19 and gradual lifting of ... Read More
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Personal Luxury in South Korea
... Luxury leather goods are something that many consumers purchase, and the trends in such products do not change like they do in apparel and footwear. Apparel and footwear, on the other hand, has seasonal trends ... Read More
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Experiential Luxury in South Korea
... impact on domestic tourism. Moving into 2021, sales recorded a strong rebound. There were no mandated hotel closures during the COVID-19 pandemic, with the government not implementing any compulsory lockdowns. Therefore, as soon as domestic ... Read More
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Premium and Luxury Cars in Japan
... cars. Despite the easing of COVID-19 restrictions in 2020 as cases decline, sales are set to continue to fall in 2022. Parts shortages triggered by the COVID-19 pandemic and global semiconductor supply shortages have been ... Read More
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Luxury Goods in Japan
... 2021, although there was less disruption to store-based retailing, and sales of luxury goods returned to growth, the prolonged impact of COVID-19 continued to impact the industry and sales did not return to anywhere near ... Read More
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Personal Luxury in Japan
... and May. The category was also heavily impacted by long-term border closures, which led to the decimation of inbound arrivals to Japan for the majority of 2020. Little recovery was seen in 2021 due to ... Read More
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Experiential Luxury in Japan
... emergency announced by the government. Luxury foodservice was impacted by restrictions on the number of people and hours of service for serving alcohol and shortened business hours. Both luxury foodservice and luxury hotels were affected ... Read More
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Personal Luxury in Thailand
... the height of the pandemic, one of the main factors undermining demand across all categories of designer apparel and footwear was the fact that many people were unable or at least unwilling to go shopping ... Read More
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Experiential Luxury in Malaysia
... pre-pandemic peak. The fact that Malaysia re-opened its borders to international visitors on April 1, 2022, was the main driver of this. Having been flat since 2019, the number of experiential luxury sites/outlets will begin ... Read More
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Luxury Goods in Thailand
... immediately prior to the outbreak of COVID-19 during the year, although several categories are likely to remain below pre-pandemic levels. While ongoing restrictions on travel and consumers’ health and financial concerns continue to limit demand ... Read More
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Personal Luxury in India
... consumers have become increasingly used to wearing comfortable apparel and footwear whilst at home. Apart from a change in habits, brands have been strongly promoting athleisure wear. This need for comfortable apparel has also resulted ... Read More
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Personal Luxury in Malaysia
... apparel and footwear brands are focusing on athleisure ranges. These target millennial luxury shoppers and the emerging athleisure style trend, which has been particularly strong since the easing of lockdown, with people increasingly demanding more ... Read More
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Luxury Goods in Malaysia
... rebound in 2021, with this trend continuing into 2022. Experiential luxury was by far the top performer during the latter year, with the re-opening of the country’s borders during the second quarter of the year ... Read More
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Luxury Goods in India
... country experienced a third wave in early 2022 as a result of the Omicron variant of COVID-19 emerging, its impact was not prolonged. Hence, 2022 is proving to be significant in terms of recovery for ... Read More
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