Retail sales of experiential luxury are expected to rise at a 5% CAGR at constant 2023 prices over 2023-2028 to amount to ZAR3.2 billion, albeit sales are not expected to see a full recovery to pre-pandemic levels.
Luxury hotels should benefit from the ongoing demand for luxury experiences, lifestyles, and hospitality. While inbound tourist arrivals are expected to climb over 2023-2028, there is still a long road to full recovery.
Luxury foodservice sales will likely remain limited over 2023-2028 due to various reasons, such as a lack of footfall in luxury cafés and restaurants. Sales may also be limited due to the growth in popularity of e-commerce, which could result in luxury consumers visit city centres less frequently than they used to.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in South Africa with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See All of Our DefinitionsThis report originates from Passport, our Experiential Luxury research and analysis database.
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