China’s hotel market to reach US$ 166 billion by 2028
Ever since China reopened its international borders earlier this year after the three-year-long pandemic-induced lockdown, there has been a notable …
Visitors cut spending on luxury goods due to Britain’s tourist tax
A new report from the which represents around 600 businesses in London, has found that spending in the capital by tourists …
Luxury spending in the U.S. on the decline
For the first quarter of 2023, the majority of luxury brands and groups saw a decline in sales in America …
Prices of previously owned luxury watches to keep falling (Rolex, Patek Philippe, Audemars Piguet)
Prices for previously owned Rolex, Patek Philippe and Audemars Piguet watches will keep falling as supply remains high, according to analysts at Morgan Stanley and …
Violent protests in France may impact luxury sales
The recent violent demonstrations that have rocked France could have “a material impact” on third-quarter sales for Europe’s big luxury groups, and …
Global luxury market to grow by up to 12% in 2023
The market for luxury products is projected to grow between 5 and 12 percent this year, or somewhere between 360 …
