Malibu as the most expensive place to live in the United States, according to 2013 Home Listing Report (HLR) release by Coldwell Banker Real Estate. According to the annual report, an apples-to-apples comparison of four-bedroom, two-bathroom homes in more than 1,900 real estate markets across the United States, a sample-sized home in the affluent … Read more
Reversing the trend of recent years, the Americas region is the king of the luxury goods spending hill, estimated to grow at four percent in 2013 versus 2012, surpassing the estimated 2.5 percent growth rate for China, as luxury spending in that country moderates, according to the 12th Edition of Bain’s Luxury Goods … Read more
What is affluence today? Money has a price, but time is priceless. The primary indicators of affluence are more subtle and harder for brands and individuals to detect, according to the newest global study from McCann Truth Central. “The Truth About Affluence” study is based on a quantitative 4,000-person online survey across 16 countries … 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
Consumers prepared to pay more for environmentally friendly products. Fifty percent of global consumers are willing to pay more for goods and services from companies that have implemented programs to give back to society, an increase of five points (45%) from 2011, according to a new study from Nielsen. The Nielsen Global Survey on Corporate … Read more
Ritz-Carlton luxury hospitality chain to open first luxury hotel in Israel. The Ritz-Carlton luxury hospitality chain will bring its legendary service standards to Israel by opening its first luxury hotel in Herzliya, an affluent town north of Tel Aviv. The Ritz-Carlton Hotel Company has confirmed their first hotel in Israel will officially open its doors in … Read more