Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Europe is seen as the ultimate dream destination: TripBarometer 2013. Africans plan to spend more on travel in 2014. Trips are Shorter Yet More Frequent. Sacrifices Help Make Trips Possible. Africa are leading the charge in the percentage of people who plan to spend more on travel in 2014, according to TripAdvisor’s annual TripBarometer global survey … Read more
Luxury hospitality shows continued positive growth. The robust pipeline of luxury hotel projects indicates a continued strong demand for luxury services. No less than six new Ritz-Carlton hotels are scheduled to open in the last quarter of this year, including two properties in China; The Ritz-Carlton, Chengdu and The Ritz-Carlton, Tianjin; The Ritz-Carlton, Aruba will … Read more
World’s ultra wealthy population reaches all-time record. During the past year, the world’s UHNW population reached an all-time high of 199,235 individuals and a combined wealth of US$27.8 trillion, according to latest Wealth-X and UBS World Ultra Wealth Report dedicated to the most commercially significant segment today – the ultra wealthy. The total wealth … Read more
Gucci luxury house is the first luxury brand in Italy to join the Google Business Photos – an indoor version of the Street View feature of the tech giant. Gucci opened the doors of the menswear boutique in the Brera area of Milan – the first-ever Gucci flagship dedicated to men. The concept uses existing … Read more
To help the country compete with Hong Kong and Singapore, Thailand’s government announced intention to scrap import duties on luxury products, visitors from China being key target of the new measure. The duty on some luxury goods will be cut to zero from 30 percent by the end of the year, Permanent Secretary for Finance … Read more
Maserati North America Up 50% Over August 2012, Hits Highest Sales Month In Its History. In 1963, Italian luxury car manufacturer Maserati established the benchmark for the luxury sports sedan. Its new Quattroporte continues to elevate the standard of supercar performance. Maserati set a new all time sales record in the U.S. in the month … Read more