Market research on the luxury goods industry. Our reports feature...
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.
In 2021, the impacts of COVID-19 continued, with many consumers continuing to avoid unnecessary outings and remaining secluded at home for much of the time. Mainstream consumer foodservice foodservice players showed dynamic growth in the review…
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…
Although inaccessible to international tourists due to state border closures and snap lockdowns in 2020, the performance of Versace’s Palazzo Versace Gold Coast in Queensland, the main luxury foodservice establishment, improved in 2021. The operator…
Having declined by almost two fifths during 2020, luxury foodservice retail current value sales saw no more than a modest rebound in 2021. Luxury foodservice service outlets were forced to close for much of the first half of 2020 and again for a…
Luxury foodservice bore the brunt of a three-pronged impact from the COVID-19 pandemic and will continue its decline in 2021. Like other foodservice categories, the category suffered from widespread outlet closures for around ten months within the…
Prior to the pandemic, especially from 2015 to 2018, luxury foodservice boomed across the world, including in the US, as luxury labels saw the growing importance of creating experiences and memories amongst gen Z and millennial consumers. Luxury…
Prior to COVID-19, consumers, especially young consumers, were increasingly looking for meaningful experiences rather than just products from luxury brands. However, the foodservice industry was dramatically impacted in 2020 by restrictions brought…
Luxury foodservice is expected to record dynamic growth in 2021, backed by a strong local consumer base, which will return to outlets as normal social and economic activity starts to resume as the threat from COVID-19 wanes and the vaccination…
As of late August 2021, there were no lockdown measures in effect in the United Arab Emirates. Most businesses – including foodservice and retail outlets – were permitted to operate at 80% of normal capacity, while hotels could operate at full…