Retail sales of experiential luxury look set to increase at a current value CAGR of 5% (2023 constant value CAGR of 3%) over 2023-2028 to amount to EUR1.0 billion, overtaking sales recorded prior to the pandemic.
Luxury hotels looks set to be the most dynamic category within experiential luxury with a current value CAGR of 5% (3% 2023 constant value CAGR) predicted for the forecast period, with sales expected to reach EUR1.0 billion.
Traditionally, the main purpose of luxury hotels was providing unique, authentic and luxury experiences, acquired through personalised and exclusive services. However, COVID-19 has led to profound changes in the way luxury consumers think about leisure.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Italy with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Italy, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is an aggregation of Luxury Hotels and Luxury Foodservice.See All of Our Definitions
This report originates from Passport, our Experiential Luxury research and analysis database.
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