Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Marriott hospitality chain opened North America’s tallest hotel in New York City, a combined 378-room Courtyard hotel and 261- suite Residence Inn hotel in Midtown Manhattan. The $320 million tallest single-use hotel in North America is located at 1717 Broadway. Built and owned by G Holdings and managed by Interstate Hotels & Resorts, the … Read more
Chinese consumers still love luxury goods, love Burberry and prefer to buy their items abroad, according to “Luxury Purchase Power” survey by Chinese news site iFeng quoted by jingdaily. This year, Burberry topped the list of favorite brands and was followed closely by Chanel, Gucci, Louis Vuitton, Prada, and Dior. This reflects overall trends … Read more
Alexander McQueen brand to open Dubai boutique. From February 14, McQ, the diffusion line of the iconic British brand Alexander McQueen, will have its first store in the Emirates. The Dubai boutique will open at Dubai’s Mall of the Emirates and will present Alexander McQueen’s structured tailoring, the nipped-in waist and tartan. Prices for the … Read more
The size of the world’s largest private yachts has increased dramatically over the last two decades. Expected deliveries for 2014 show how the size of the 100 largest privately owned superyachts continues to grow. The delivery of the 180 metre superyacht Azzam has pushed Roman Abramovich’s 162.5 metre yacht Eclipse into second place after dominating … Read more
Vinexpo to launch first trade fair in Tokyo next year. Vinexpo, the leading international wine and spirits trade fair, has announced plans to launch an inaugural edition in Tokyo next year. Japan’s wine and spirits market is one of the most dynamic in Asia-Pacific. Japan is the third largest world economy after the U.S. and … Read more
According to official figures for Q3, house prices in four Spanish regions are now on the rise. The Balearics lead the way with 4.4% growth year on year and Balearics Sotheby’s International Realty expects the trend to continue for 2014. “The factors that kept these Mediterranean islands buoyant in recession, are the same as … Read more