The growing potential of luxury travel retail - luxury Blogs

The growing potential of luxury travel retail



Rolex boutique at London Heathrow
As Deloitte?s latest Global Powers of Luxury report found, the world?s 100 largest luxury goods companies generated only $212 billion in 2015, down 4.5 percent year-over-year. Half of these luxury purchases, however, are made by travelers, a number that rises to 60 percent for those coming from emerging markets.
On the other hand, travel retail overall accounts for $63.5 billion in total global revenue and is expected to grow to $85 billion by 2020. Consumers from Asia are the driving force behind this trend, accounting for $24 billion of that number.
According to luxury and retail sources, the growth opportunity here is huge ? seen as a potential lifeboat for prestigious brands whose relevance is waning with the rise of digitally-native, direct-to-consumer brands. ?Travel and experiences are the fastest growing sectors within luxury, and product-led luxury brands ? including jewellery, watches, apparel, and beauty ? want to piggyback off of that growth,? said Tammy Smulders, the global executive director at Havas LuxHub, Havas Media Group?s luxury consultancy. As per capita spend increases, so do the upscale offerings at airports, she said, citing London Heathrow airport?s Terminal 5 as a prime example. ?People show up at the airport an extra hour in advance just to shop.?
?They?re catering to customers who are bored,? said Deborah Calmeyer, the founder of RoarAfrica, a luxury safari company. ?Airports don?t create environments that people...
Source: thetoptier
URL: http://thetoptier.net

--------------------------------
 

Chopard L.U.C GMT One Limited Edition For Qatar Watch Club With Burgundy Dial

16-07-2019 21:21 - ( Watches )


Slughaus NanoPen

Modern coastal living room interior ideas…

nicest-interiors: Modern coastal living room interior ideas 63 Natural Serenity  The off-white walls, pastel turquoise upholstery, and pale bamboo furniture results in a contemporary interior with a naturally laid-back vibe. The...
21-05-2018 21:39 - ( luxury )
Slughaus NanoPen

The Sotheby's International Realty® brand release Significant Sales Volume I – Issue XI. http://s.sir.com…

The Sotheby's International Realty® brand release Significant Sales Volume I – Issue XI. http://s.sir.com/2mB0vB3 #SIRSigSales? From a...
28-02-2017 21:56 - ( luxury )
Slughaus NanoPen

Lake House in Switzerland by Wafai Architecture

Located on the lake Türlersee in Switzerland, this contemporary vacation house has been recently designed by Wafai Architecture for a small family. The house located in Switzerland on the lake Türlersee, it is supposed to be a...
16-07-2019 21:22 - ( luxury )
Slughaus NanoPen

Geoffrey Kent: The influence of top-earning millennials

How well do you know your socio-economic and demographic grouping acronyms" Abercrombie & Kent founder and LUX contributor Geoffrey Kent discusses how a new generation of consumers are influencing brands How well do you know your socio-economic...
15-07-2019 22:00 - ( luxury )
Slughaus NanoPen

The Best Places to Celebrate National Daiquiri Day in NYC

July 19th is National Daiquiri Day, and what better way to celebrate the summer than a cold, decadent concoction of silky rum and tantalizing tropical flavors" Here are a few places to hit to indulge in this decadent day:   The Rum House...
15-07-2019 22:00 - ( luxury )


Slughaus NanoPen

5 of the best ultra-luxurious lodges in Kruger

Everyone who goes on a safari will want to have the best possible wildlife experience, however when it comes to the type of lodge or camp that people are looking for we find that going on safari means different things to different people.  Some will...
13-07-2019 21:58 - ( Luxury Travel )
Slughaus NanoPen

The best travel documentaries on Netflix

Escape into the real world with some of our favourite travel documentaries showing on Netflix. Our globe has more adventure and magic than any fictional show. We have delved into the world of wanderlust to discover astonishing sights waiting to be...
12-07-2019 21:58 - ( Luxury Travel )
Slughaus NanoPen

celebrity-legs-and-heels: Cara Delevingne Follow…

celebrity-legs-and-heels: Cara Delevingne Follow http://celebrity-legs-and-heels.tumblr.com/ for more! (via 7631f99760f0f8b56bce08b9d212c4e0.jpg (1490×1987)) Source Link: celebrity-legs-and-heels.tumblr.com The post...
02-04-2018 21:47 - ( luxury )
Slughaus NanoPen

Gavox Avidiver Watch Review

Having cemented their place in the micro-brand field, Gavox have stepped up their game by producing their first automatic watch, the Gavox Avidiver, which stands for aviation diver. The article Gavox Avidiver Watch Review first appeared on...
26-05-2017 22:10 - ( Watches )
Slughaus NanoPen

What Those Who Are Retired Can Do To Live A Luxury Lifestyle

The goal of most couples is to retire at a reasonable age and be able to enjoy retirement without worrying about finances. This is going to take hard work as well as intelligent investments but it […] The post What Those Who Are Retired Can Do...
16-07-2019 21:58 - ( luxury )


Slughaus NanoPen

Snap happy: Instagram rolls out red carpet for fashion brands

The twist and twirl, the shimmer and swirl of her tasselled skirt were captured in a slow-motion video posted on Instagram by Eva Chen as she prepared for her first Met Gala this month. The gala, which raises funds for the Metropolitan Museum of...
22-05-2016 21:46 - ( luxury )
Slughaus NanoPen

Love Hulten Evoboxx

It\'s time to add a unique and quirky item to your videogame collection with the Love Hulten Evoboxx that lets you play Game of Life with style.The post Love Hulten Evoboxx appeared first on Men's Gear.
16-07-2019 21:32 - ( luxury )
-------------------------------------