"California will remain a prime luxury destination when the market rebounds." Following on from Connections’ networking event in March 2020, Chris Wisson of Altiant explains why the Golden State will remain a key luxury travel destination after Covid-19.
Read moreLUXURY DAILY: Affluents in China, US, UK and France Shift to Sustainability in Intention to Purchase: Study
More than one-third of the wealthy consumers have questioned their level of luxury consumption as a result of the COVID-19 pandemic, suggesting that this highly attractive demographic is doing some soul-searching about how to live their lives after the health crisis.
Read moreLUXURY DAILY: Rental, subscription, resale offer opportunities for luxury brands
NEW YORK – Luxury brands have an opportunity to own more of the circular economy either through partnerships or directly operated services, as consumers open up to secondhand goods and alternative ownership.
Read moreLUXURY SOCIETY: Louis Vuitton and Gucci Are The Most Searched Luxury Brands
Generations Y and Z will account for 130 percent of luxury market growth through 2025, but brands need to stay cognisant that these consumers have evolving views of ownership.
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