Luxury Spending in Asia Pacific Beyond Coronavirus

Luxury Spending in Asia Pacific Beyond Coronavirus: Key…

The outlook for personal luxury in Asia Pacific remains favourable, despite the negative impact of COVID-19. Over 2020-2025, sales are expected ...

Strategies to Capture Asia's Luxury Spending Beyond COVID-19…

Personal luxury in Asia Pacific recorded the least contraction of all global regions in 2020, driven mainly by Greater China's economic recovery, repatriated ...

What will the luxury market in APAC look like after coronavirus?

Sanne Drogtop, vice president of business and operations for Asia Pacific at MediaMonks, explains that in times of crisis, luxury spending is ...

State Of Retail In Asia Pacific In 2024 And Beyond - Savills

... spending. Japan, in particular, will continue to leverage its appeal as a luxury shopping destination, with record visitor spending driven by a weak yen.

Global luxury spending to land near €1.5 trillion in 2024, remaining ...

APAC: Japan continues to lead globally on luxury growth due to ... Looking beyond 2024. The luxury market is expected to face a slightly ...

Why experiential luxury is seeing a renaissance in the Asia Pacific

The luxury landscape, however, extends beyond gourmet dining. The ... spending on luxury goods.“Hong Kong is projected to sustain its ...

Here's what the data says about the “new Chinese luxury consumer”

China and Hong Kong have always been the primary focus for luxury brands and retailers in the Apac region. As Chinese consumer spending on ...

The Future of Luxury: Bouncing Back from Covid-19 | Bain & Company

South Korean consumers showed strong appetite for luxury consumption, yet the duty-free market slumped. In Southeast Asia, a small and ...

Shopping behavior in the Asia-Pacific region - statistics & facts

The region has been seeing steady growth in GDP, except for the setback imposed by the COVID-19 pandemic in 2020, and is expected to grow in the ...

Voice of the Consumer Survey 2024 - Asia Pacific - PwC

Consumers anticipate spending less on luxury and designer products ... beyond price. Highlight a range of product brand features ...

Luxury retail - WARC

Beyond Western logos and legacy: A new era of luxury in APAC. In this ... Spending in Asia-Pacific on luxury goods is set to contract by 3. News 2m ...

Luxury's new direction as markets and consumers evolve

However, the new markets of luxury consumption are surprising the industry. Southeast Asia and South Korea are winning in terms of growth and ...

China's luxury market: shifting consumer values & retail experience

... luxury market in 2024 report by Daxue Consulting and VO2 Asia Pacific. Despite a slight dip in consumer confidence, luxury spending by ...

Global Luxury Retail 2024 Outlook - Savills China

... Asia Pacific region beyond China. New store openings by luxury ... luxury spending trends and the desire of brands to capitalise on these.

Local millennials and Gen Z to drive growth in APAC luxury market

... Asia-Pacific (APAC) luxury sales. With strong growth in the ... Luxury Spending in Asia Pacific: Beyond Coronavirus May 10, 2021 In ...

Luxury Industry Set to Decline By 18 Percent This Year Due to ...

In Asia Pacific, China's luxury goods spending alone makes up 68 percent of sales. ... Asia,COVID-19,Europe,North America. Related articles.

What China's reopening means for luxury brands

COVID changed luxury consumption in China, and will Chinese ... Asia-Pacific region. However, COVID also bred a lot of uncertainty in ...

Asia's Luxury Landscape Is About to Change | BoF

It was also about a phenomenon that has been spreading across much of Asia since the onset of the pandemic. The repatriation of luxury spending ...

COVID-19 accelerates repatriation of Chinese luxury goods spending

While luxury brands have built an online presence in the Chinese market over recent years, the pandemic has forced them to venture beyond their ...

Coronavirus Threatens To Wipe Out 5 Years Of Gains In The Global ...

... Asia-Pacific markets. And LVMH-owned Bulgari is at risk not just in ... Brown estimated that about 40% of all luxury goods spending is ...