Experiential luxury is projected to see a retail current value CAGR of 8% (2023 constant value CAGR of 6%) over the forecast period to reach EUR2.4 billion in 2028; bypassing the 2019 sales level prior to the pandemic.
With foodservice luxury set to remain negligible, luxury hotels’ retail value sales and growth will again mirror the overall performance of experiential luxury. Sales will increase due to a continued consumer desire to spend more on experiences and enjoying luxury lifestyles and hospitality.
Ongoing collaborations in the experiential luxury space are likely to see many luxury hospitality groups and personal luxury brands foster immersive luxury experiences for guests and shoppers alike. Given the revival of summer travel, luxury branded beach bars and cafés have been launched across Europe, catering to domestic and international luxury consumers.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Spain with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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