The rate of growth in retail constant value sales of experiential luxury will gradually slow over the course of the forecast period but remain robust throughout. Indeed, retail constant value sales will exceed their pre-pandemic peak as soon as 2023, with a rebound in inbound tourism set to be the main driver of this.
Demand for experiential luxury in Malaysia will also benefit from its proximity to Singapore – one of the most important business centres in Asia. Moreover, Singapore is set to become even more important as a regional hub during the forecast period.
E-commerce is set to become increasingly crucial in this category since the onset of the pandemic, as more people will embrace its benefits and industry players will develop their online strategies. The launch of online travel agents like Wanderprime and LUXE by EXO is expected to make e-commerce more important for luxury hotel bookings.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Malaysia 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 Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See All of Our DefinitionsThis report originates from Passport, our Experiential Luxury research and analysis database.
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