Luxury Foodservice

Luxury foodservice in Hong Kong saw a notable downturn in 2019. This was the result of the trade war, coupled with an extended period of social unrest. The latter factor was particularly important, as it led to a reluctance among consumers to eat out...

The rise of experiential luxury, which is also driving growth in luxury hotels, continued to positively impact luxury foodservice in 2019. This trend saw consumers’ focus shift from “owning” to “being”, and led them to invest more in unique and ...

Luxury foodservice has the potential for dynamic growth in the United Arab Emirates, targeting the many affluent consumers who are prepared to pay a premium for a special and engaging dining experience. Exclusive Japanese restaurants, for example, ...

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...

Consumer foodservice in the US is undergoing several significant changes; these are in large part a result of changing demographics and consumer demand. Millennials are choosing to spend their money on experiences rather than “things”. Consumers are ...

Food and drink is increasingly driving traffic into shopping centres in China. In face of the soaring popularity of online shopping, retailers have been forced to become innovative to give consumers reasons to visit bricks-and-mortar stores, and fine...

Luxury foodservice is a very small but growing category within luxury goods in the UK. Whilst online channels drive an increasing percentage of total sales of personal luxury goods, offline experiential retail is simultaneously growing in importance ...

Luxury foodservice remains a relatively niche area of experiential luxury in Hong Kong, with strong growth coming from a relatively small base. Luxury foodservice is controlled by Giorgio Armani with its Armani Privé and Armani Aqua establishments, ...

According to the Euromonitor International Global Lifestyle Consumer Survey 2017, nearly half of consumers in all age groups prefer to spend money on experiences over “things”. Aiming to tap into consumers’ growing demand for experiences and ...

In 2018, the presence of luxury foodservice in Germany remained low. The most prominent example is the Emporio Armani store in the Fünf Höfe shopping mall in Munich, which includes a café, bar and restaurant. Aside from this, fashion houses have ...

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 ...