Bain & Co Luxury Goods Worldwide Market Study (Spring 2024)

文章预览

The global luxury market showcased remarkable stability in the face of geopolitical and economic turbulence in 2023, exceeding a record €1.5 trillion. Behind this growth was a resurgence of luxury travel and a robust US holiday season in the fourth quarter. While the first quarter of 2024 saw a slowdown across a majority of regions amid macroeconomic pressures, Japan has continued to flourish due to a tourism boom. These are among the findings in the latest Bain & Company Luxury Goods Worldwide Market Study, released today in collaboration with Altagamma, the Italian luxury goods manufacturers’ industry association. Bain and Altagamma’s research highlights a continuing trend favouring experiential offerings over tangible goods. Particularly notable is the steady growth in hospitality as well as gourmet food and fine dining, fuelled by the recovering tourism industry and growing demand for immersive experiences. It also points to rising interest in smaller, intimate luxury cruis ………………………………