Market research on the luxury goods industry. Our reports feature a wealth of standardised and cross-comparable statistics including total market sizes, market share and share data, distribution and industry trends.
Within the experiential luxury segment, luxury foodservice did not see sales hit as hard by the COVID-19 as luxury hotels in 2020. This was primarily because the category is less reliant on expenditure from inbound tourists, whose number fell…
There is only one outlet in luxury foodservice in Germany. Located in Munich, Emporio Armani’s store includes a café, bar and restaurant with meals that are highly sophisticated and Italian-influenced. The concept targets high-income individuals who…
Luxury foodservice bore the brunt of a three-pronged impact from the COVID-19 pandemic. Firstly, like the majority of foodservice categories in 2020, the category suffered from widespread outlet closures during the initial 11 weeks of national…
Luxury foodservice in the US recorded a sharp decline in retail value sales in 2020, as restrictions intended to curb the spread of COVID-19 forced restaurants to either limit services or close operations entirely throughout much of the year. With…
The majority of luxury foodservice outlets in the United Arab Emirates were able to continue to operate but to reduced capacity in 2020 so long as they adhered to the strict social distancing and hygiene measures implemented by the UAE government.…
Luxury dining is set to be significantly impacted by the COVID-19 lockdown in 2020, with restrictions making it mandatory for foodservice outlets to close from March-May, with further restrictions implemented during Q4 of 2020, when case numbers…
Prior to the pandemic, luxury foodservice was playing an increasingly important role in brands’ efforts to engage consumers and introduce them to the culture of their brands. Luxury cafés offered more affordable ways for Chinese consumers to engage…
Prior to COVID-19, the luxury space was increasingly becoming less about material goods and more about acquiring meaningful experiences. However, the industry was hit dramatically in 2020 by the challenges of COVID-19, as international shoppers…
Having acquired the renowned Milanese confectionery/pastry shop, Cova, in 2013, LVMH opened the luxury brand’s first outlet, including a café/restaurant and gift store, in Taiwan in 2016. The company thus pioneered luxury foodservice in the Taiwanese…
In the context of overall sales of consumer foodservice in Japan, luxury foodservice remains a very niche area, with non-luxury foodservice continuing to dominate. Full-service restaurants in general have been seeing a decline in annual transaction…