In today’s briefing:
- APAC Luxury Industry Series: Luxury Travel Shines Amid Challenges for Traditional Luxury Goods
APAC Luxury Industry Series: Luxury Travel Shines Amid Challenges for Traditional Luxury Goods
- While traditional luxury brands may encounter challenges as affluent Chinese consumers shift to local high-end brands, there are still opportunities within small niches in the luxury sector.
- Luxury travel, driven by trends like micro trips and the increasing number of High-Net-Worth Individuals, represents a potential area of growth in the luxury sector.
- The thriving luxury travel market opens up investment potential in sectors such as luxury hotels and premium cosmetics.
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