Why luxury shoppers are opting for high-end experiences over goods
Purchases of experiences, such as hotel stays and fine dining, bring higher levels of perceived escapism and positive emotions
Purchases of experiences, such as hotel stays and fine dining, bring higher levels of perceived escapism and positive emotions
These consumers still desire a luxury timepiece, but are driving a growing second-hand market because they see it as ‘more sustainable’.
Luxury sector is more than 20% up this year, and the good times will likely roll until the end of the decade, report says.