Spending on luxury travel, fine dining, and "well-being" is outperforming the sale of physical goods like handbags.
Beauty and Eyewear outshined other categories as consumers sought more accessible luxury items. bain luxury report 2024 pdf
For more detailed data, you can access the press release or full study via Bain & Company . Spending on luxury travel, fine dining, and "well-being"
For those sectors, refer to or reports from McKinsey , Deloitte , or KPMG . Spending on luxury travel
The subtitle, "Luxury Jewels: The Hidden Gems," reflects where value is being created. While fashion and leather goods face saturation, and High Watchmaking are thriving. High-net-worth individuals (HNWIs) view these as investment assets and stores of value, making this category resilient against inflation.