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How Resilient Is The Luxury Market? It Will Be Tested In 2024 : 4Hoteliers 4hoteliers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 4hoteliers.com Daily Mail and Mail on Sunday newspapers.
Luxury buyers are becoming younger thanks to social media, installment payments and resale platforms; they devour classic and exclusive articles whose greatest appeal is the fact that they are expensive ....
The luxury industry has a higher turnover than ever despite economic uncertainty and could close 2023 with a record value of $1.6 trillion, between 8% and 10% more than last year. But is this phenomenon sustainable? ....
Despite solid fundamentals, the luxury market faces growing headwinds closing out 2023 and into 2024, according to the latest Bain-Altagamma luxury market report. ....