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Country Report

Experiential Luxury in

Experiential Luxury in Mexico

Jan 2021

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Luxury hotels and restaurants are severely limited by the major downtown in inbound tourists

Although Mexico did not impose travel restrictions during the COVID-19 pandemic and borders remained open to essential traffic, the restrictions on travel imposed by many source countries severely impacted the number of high-end inbound tourists to the country. In addition to official restrictions, many tourists also stayed at home voluntarily due to the global health crisis.

Domestic consumers likely to be key upon reopening

Domestic consumers will likely be predominant during the first months of reopening, because even though the Mexican borders were not closed during the pandemic, caution remains the main factor globally when considering international travel, with many countries having reintroduced travel restrictions towards the end of 2020 in response to rising infection rates. This will likely continue to discourage foreign tourists to travel to Mexico for some time to come.

Restrictions on restaurants likely to continue to have an impact on luxury hotels

After the experiences of the epidemic, some of the safety measures and restrictions implemented around the reopening of restaurants are likely to have an ongoing negative effect on hotels, as these include outlets within hotels. Buffets, which are popular in some hotels among tourists, for example, are no longer allowed, whilst menus can be read through scanning a QR code and tables must be more than 1.

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Experiential Luxury industry in Mexico with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Experiential Luxury industry in Mexico, our research will save you time and money while empowering you to make informed, profitable decisions.

The Experiential Luxury in Mexico market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Experiential Luxury in Mexico?
What are the major brands in Mexico?
How dynamic is the growth of Experiential Luxury internet sales?
What is driving growth?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply function

Luxury Goods market research database.

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Experiential Luxury in Mexico - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Luxury hotels and restaurants are severely limited by the major downtown in inbound tourists

Domestic consumers likely to be key upon reopening

Restrictions on restaurants likely to continue to have an impact on luxury hotels

RECOVERY AND OPPORTUNITIES

Strong growth expected, but a long road to pre-COVID-19 business levels

Luxury hoteliers will need to refocus in order to convince tourists it is safe to return in 2021

Visible sanitation will be key

CATEGORY DATA

Table 1 Sales of Experiential Luxury by Category: Value 2015-2020
Table 2 Sales of Experiential Luxury by Category: % Value Growth 2015-2020
Table 3 NBO Company Shares of Experiential Luxury: % Value 2015-2019
Table 4 LBN Brand Shares of Experiential Luxury: % Value 2016-2019
Table 5 Forecast Sales of Experiential Luxury by Category: Value 2020-2025
Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2020-2025

Luxury Goods in Mexico - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 7 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 8 Sales of Luxury Goods by Category: Value 2015-2020
Table 9 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 11 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 12 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 14 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Experiential Luxury in Mexico

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Luxury hotels and restaurants are severely limited by the major downtown in inbound tourists

Domestic consumers likely to be key upon reopening

Restrictions on restaurants likely to continue to have an impact on luxury hotels

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Experiential Luxury in Mexico - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Luxury hotels and restaurants are severely limited by the major downtown in inbound tourists

Domestic consumers likely to be key upon reopening

Restrictions on restaurants likely to continue to have an impact on luxury hotels

RECOVERY AND OPPORTUNITIES

Strong growth expected, but a long road to pre-COVID-19 business levels

Luxury hoteliers will need to refocus in order to convince tourists it is safe to return in 2021

Visible sanitation will be key

CATEGORY DATA

Luxury Goods in Mexico - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES

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