Global luxury market: Experiential luxury makes up almost 55 percent of total luxury spending worldwide Experiences make luxury shoppers around the globe feel pampered. Experiences are in great demand. Yearly sales of deluxe experiences — from art auctions to spas to safaris — are growing 50 Percent faster than sales of high-end goods, says new report from The … Read more
New L2 Study Ranks Digital Competence of Over 100 Iconic Brands in Brazil, Russia, and India L’Occitane ranks #1 in both Brazil and Russia, and Westin Hotels & Resorts leads in India in the new L2 Digital IQ Index: Brazil Russia India. The Index, the first study of its kind, measures the aptitude of over … Read more
Travel Spend Climbs to pre-recession levels according to Visa Insights Brazil proves to be a big contributor to the global tourism economy, increasing outbound spend by 32 percent, according to Visa’s 2011 Travel Snapshot. The research highlights key spend insights from Visa account holders traveling to and from the United States, Canada, Mexico and Brazil. … Read more
America’s Millionaire Population Grows by 200,000 The number of millionaire households in the U.S. has increased for the third consecutive year, but remains below the pre-recession high of 9.2 million in 2007, according to the 2012 Affluent Market Insights released by Millionaire Corner. US millionaire population rose by 200,000 to 8.2 million in 2011, up significantly from … Read more
Annual Walpole British Luxury Summit to focus once again on China The 2012 Walpole British Luxury Summit (9th May 2012, Bafta, 195 Piccadilly, London) will once again be focussed on China. Concentrating on the main markets for luxury in Greater China, covering the Mainland, Hong Kong and Macau. The Walpole Summit will look at the … Read more
Downward shift in luxury consumer attitudes at the start of 2012 signals shift toward ‘inconspicuous’ consumption that minimizes ostentation Media reports of a ‘renaissance’ in the luxury market appears to be limited to an extreme top tier of consumers, a small number compared with the bulk of the luxury marketplace potential, says the latest Unity … Read more