Experiential Luxury

Market research on the luxury goods industry. Our reports feature...

Market research on the luxury goods industry. Our reports feature a wealth of standardised and cross-comparable statistics including total market sizes, market share and share data, distribution and industry trends.

Country Report

Experiential Luxury in the US

Nov 2024

The robust bounce-back in global travel has continued in 2024, marking a significant milestone, as travel flows are set to surpass the pre-COVID-19 level for the first time. The US ranks first in the World Economic Forum Travel & Tourism Development…

USD 1,195
Country Report

Experiential Luxury in Australia

Nov 2024

As wealthier consumers increasingly prioritise the pursuit of richer and more authentic experiences, instead of the acquisition of material objects, experiential luxury in Australia continues to register a robust performance in 2024. In part a…

USD 1,195
Country Report

Experiential Luxury in Sweden

Oct 2024

Experiential luxury is seeing healthy value sales in 2024, which are slightly up from those reported for 2023. A key driver for this comes from inbound tourism, mainly from neighbouring Nordic countries such as Denmark, Finland and Norway, followed…

USD 1,195
Country Report

Experiential Luxury in South Africa

Oct 2024

Luxury hotels has continued to post dynamic growth in current value terms in South Africa in 2024, with sales recovering to and exceeding pre-pandemic levels. Bookings have recovered as the country’s tourism industry is now back on track following…

USD 1,195
Country Report

Experiential Luxury in Poland

Oct 2024

Experiential luxury has seen strong growth in 2024 having already seen a recovery to pre-pandemic sales levels in current value terms. This strong growth has been mainly driven by the strong growth and recovery of international tourism, mainly from…

USD 1,195
Country Report

Experiential Luxury in the Philippines

Oct 2024

The growth of experiential luxury in the Philippines in 2024 is supported by ongoing urbanisation trends in the country, alongside an expanding middle-class segment of consumers and the lowering levels of inflation leading to stronger spending power.…

USD 1,195
Country Report

Experiential Luxury in Singapore

Oct 2024

In 2024, experiential luxury grew by a significant 17% to reach sales of SGD1.9 billion, boosted by wealthier individuals investing in travel and hotel breaks, with pent-up demand following COVID-19 continuing to shape the trend towards experiences…

USD 1,195
Country Report

Experiential Luxury in Hong Kong, China

Oct 2024

Experiential luxury is set to see a modest rise of 3% in retail value sales in current terms in Hong Kong in 2024, to reach HKD15.6 billion. Value sales declined by 70% to HKD3.8 billion in 2020, but by 2023 had exceeded their pre-pandemic level of…

USD 1,195
Country Report

Experiential Luxury in China

Oct 2024

Experiential luxury in China is benefitting from recovered tourist arrivals in 2024, despite economic pressures including rapidly rising living costs. Consumers continue to shift towards spending more money on meaningful and rewarding experiences and…

USD 1,195
Country Report

Experiential Luxury in Thailand

Oct 2024

Value growth of experiential luxury in Thailand, driven by luxury hotels, is notably slowing in 2024, as part of a stabilisation trend following several years of dynamic sales performance when pandemic-related restrictions eased and consumers turned…

USD 1,195
Country Report

Experiential Luxury in South Korea

Oct 2024

Retail value sales of experiential luxury grew by a significant 18% in 2024, reaching KRW1.1 billion, up from 1 billion in 2023. Ongoing growth is benefiting from a trend bolstered by the outbreak of COVID-19: a focus on services above manufactured…

USD 1,195
Country Report

Experiential Luxury in Argentina

Oct 2024

Value sales of experiential luxury are set to more than double in Argentina over the course of 2024, mostly because of prices increasing due to high rates of inflation. 2023 was a year in which inbound tourism grew significantly in Argentina due to…

USD 1,195
Country Report

Experiential Luxury in Malaysia

Oct 2024

Luxury hotels have continued see dynamic growth in current value terms in 2024 although sales still remain well below pre-pandemic levels. As part of efforts to support the recovery of tourism in Malaysia the government has initiated various…

USD 1,195
Country Report

Experiential Luxury in Brazil

Oct 2024

Experiential luxury in Brazil continues to benefit from the recovery of travel and tourism in 2024, with inbound flows rising despite global macroeconomic pressures such as inflation and the rapid escalation of living costs. Consumers are…

USD 1,195
Country Report

Experiential Luxury in the United Arab Emirates

Oct 2024

The performance of experiential luxury in the United Arab Emirates remains dynamic, although there is a deceleration of growth. Value sales of experiential luxury grew by double digits to total AED8 billion in the first half of 2024. Much of this…

USD 1,195
Country Report

Experiential Luxury in Spain

Oct 2024

Although luxury foodservice continues to account for negligible sales in Spain, experiential luxury is set to maintain double-digit retail current value growth in 2024, due to the strength of luxury hotels. Even after surpassing the pre-pandemic…

USD 1,195
Country Report

Experiential Luxury in Italy

Oct 2024

In 2024, experiential luxury in Italy continues to perform positively, in terms of the rising number of hotels and overall value sales. A positive trend is evident in both luxury foodservice and luxury hotels, and can be linked to the strong rebound…

USD 1,195
Country Report

Experiential Luxury in Romania

Oct 2024

Retail value sales for experimental luxury will record double-digit retail value growth in 2024, driven by the luxury hotel landscape. Due to the outbreak of COVID-19 and associated closures and restrictions, retail current value sales decreased by…

USD 1,195
Country Report

Experiential Luxury in India

Oct 2024

In 2024, luxury hotels in India is expected to experience double-digit retail current value growth, driven by the rising trend of experiential travel. Consumers are increasingly seeking immersive experiences rather than just a place to stay; they…

USD 1,195
Country Report

Experiential Luxury in Turkey

Oct 2024

Experiential luxury in Turkey, which includes both luxury hotels and foodservice, is set to register a buoyant performance in 2024, due to several key factors. Firstly, the resurgence of international tourism is significantly boosting demand for…

USD 1,195
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