Experiential Luxury in Singapore

July 2022
USD 1,195
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Overview:

Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Singapore 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 Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Experiential Luxury in Singapore report includes:

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

This report answers:

  • What is the market size of Experiential Luxury in Singapore?
  • Which are the leading brands in Experiential Luxury in Singapore?
  • How are products distributed in Experiential Luxury in Singapore?
  • How important is tourism in evaluating demand for Experiential Luxury in Singapore?
  • How is the rise of e-commerce changing the retail and competitive landscape?
  • How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
  • Where is future growth expected to be most dynamic?

Experiential Luxury in Singapore - Category analysis

KEY DATA FINDINGS

2022 DEVELOPMENTS

Rebound in 2021, with full recovery expected over 2022
Hotels offering more flexible food and beverage services
Pricing promotions and deals to attract consumers

PROSPECTS AND OPPORTUNITIES

Resumption of global and regional tourism
Organisation of more MICE events
Hotels going green

CATEGORY DATA

Table 1 Sales of Experiential Luxury by Category: Value 2017-2022 Table 2 Sales of Experiential Luxury by Category: % Value Growth 2017-2022 Table 3 NBO Company Shares of Experiential Luxury: % Value 2017-2021 Table 4 LBN Brand Shares of Experiential Luxury: % Value 2018-2021 Table 5 Forecast Sales of Experiential Luxury by Category: Value 2022-2027 Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2022-2027

Luxury Goods in Singapore - Industry Overview

EXECUTIVE SUMMARY

Luxury goods in 2022: The big picture
2022 key trends
Competitive landscape
Retailing developments
What next for luxury goods?

MARKET DATA

Table 7 Sales of Luxury Goods by Category: Value 2017-2022 Table 8 Sales of Luxury Goods by Category: % Value Growth 2017-2022 Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022 Table 10 NBO Company Shares of Luxury Goods: % Value 2017-2021 Table 11 LBN Brand Shares of Luxury Goods: % Value 2018-2021 Table 12 Distribution of Luxury Goods by Format and Category: % Value 2022 Table 13 Forecast Sales of Luxury Goods by Category: Value 2022-2027 Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027

DISCLAIMER

SOURCES

Summary 1 Research Sources
The following categories and subcategories are included:

Experiential Luxury

Experiential Luxury

This is an aggregation of Luxury Hotels and Luxury Foodservice.

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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 functions

This report originates from Passport, our Experiential Luxury research and analysis database.

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