The GCC luxury market reached a value of US$ 12.5 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 24.0 Billion by 2027, exhibiting a CAGR of 11.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic....
Abstract: What`s New for 2022? - Global competitiveness and key competitor percentage market shares - Market presence across multiple geographies - Strong/Active/Niche/Trivial - Online interactive peer-to-peer collaborative bespoke updates - Access to our digital archives and MarketGlass...
The luxury goods market in Thailand is set to see the continuation of its recovery in 2022. Indeed, the overall market is expected to exceed the level of value sales seen immediately prior to the outbreak of COVID-19 during the year, although several categories are likely to remain below pre-pandemic levels. Luxury Goods in Thailand...
Luxury goods in Singapore is set to experience further significant current value growth in 2022, following notable declines in 2020, in the first year of the pandemic. This is largely attributed to the effects brought about by the encouraging vaccination and booster rates, a relaxation of pandemic-related restrictions and the opening of Singapore’s...
Argentina’s recovery from the impact of the COVID-19 pandemic has been slower than expected as new external issues impact local business. Despite seeing GDP growth in 2021, the pace of recovery has slowed in 2022 according to socioeconomic data. In addition, Argentina continues to be plagued with double-digit inflation, with this being hit...
In 2021 the demand for experiential luxury continued to be partly influenced by the effects of COVID-19, with the country seeing further lockdown periods which affected the mobility of Dutch consumers and further restricted the flow of foreign visitors to the country. The progression of the vaccination campaign in the Netherlands did however...
Domestic travel has seen an almost full return to normal levels in 2022 with local policies allowing hotels resume their operations, so long as the standard health and security measures are observed. Nonetheless, some restrictions on international travel imposed by some source countries are still in place and continue to impact the number...
The pandemic devastated demand for experiential luxury in the UK. Lockdowns led to hotels and foodservice outlets being closed for much of 2020 and 2021, or having to operate under strict restrictions. This directly prevented consumers from being able to spend money on luxury hospitality experiences during periods of closure, and when services...
The Saudi Arabia luxury market reached a value of US$ 7.41 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 14.24 Billion by 2027, exhibiting a CAGR of 11.72% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence...
The global urban consumer landscape is increasingly complex and difficult to navigate. Which cities should you choose for your consumer business expansion? To answer this and other questions, we are introducing the Euromonitor International Cities Scorecard tool, which ranks 1,219 cities globally and helps determine which urban consumer markets...