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Experiential Luxury in the Philippines

  • ID: 4968463
  • Report
  • January 2020
  • Region: Philippines
  • 13 pages
  • Euromonitor International
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Millennials are spending more on experiences rather than possessions. They increasingly allocate savings to travel, and goods that are useful for them in the longer term. Consumer preferences are mainly driven by what is fashionable, given that they spend a considerable amount of time every day using the internet. Another driver is the change of spending habits as regulated by the government.

The Experiential Luxury in Philippines report offers a comprehensive guide to the size and shape of the Experiential Luxury market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Experiential Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2024 illustrate how the market is set to change.

Product coverage: Luxury Foodservice, Luxury Hotels.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Experiential Luxury market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Note: Product cover images may vary from those shown
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List of Contents and Tables
  • Headlines
  • Prospects
  • Millennials Increasingly Prefer To Spend on Experiences, With Fashion Trends Particularly Influential in Their Choices
  • Development of Experience-driven Purchases Influences Hotel Developments
  • Luxury Shopping Experience Expands
  • Competitive Landscape
  • Luxury Restaurants Offer Perks for Holders of Certain Credit Cards
  • Luxury Brands Increasingly Using the Internet To Reach Target Consumers
  • Category Data
  • Table 1 Sales of Experiential Luxury by Category: Value 2014-2019
  • Table 2 Sales of Experiential Luxury by Category: % Value Growth 2014-2019
  • Table 3 NBO Company Shares of Experiential Luxury: % Value 2014-2018
  • Table 4 LBN Brand Shares of Experiential Luxury: % Value 2015-2018
  • Table 5 Forecast Sales of Experiential Luxury by Category: Value 2019-2024
  • Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2019-2024
  • Executive Summary
  • Men and Millennials Represent Increasingly Important Consumer Groups, Customisation and Exclusivity Increasingly Important
  • Easing of Inflation Stimulates Growth, Enables Middle-income Consumers To Move Upmarket
  • Market Remains Relatively Fragmented, Kering Sees Notable Improvement Through Performance of Gucci and Yves Saint Laurent
  • Luxury Goods Retailers Expand Into Variety of Locations, Bricks and Mortar Remains King Despite Net-savvy Consumer Base
  • Economic Stability, Infrastructure Developments and Tourism Market Growth All Set To Underpin Market's Future Performance
  • Market Indicators
  • Table 7 Number of High Net Worth Individuals (HNWI): 2014-2019
  • Market Data
  • Table 8 Sales of Luxury Goods by Category: Value 2014-2019
  • Table 9 Sales of Luxury Goods by Category: % Value Growth 2014-2019
  • Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
  • Table 11 NBO Company Shares of Luxury Goods: % Value 2014-2018
  • Table 12 LBN Brand Shares of Luxury Goods: % Value 2015-2018
  • Table 13 Distribution of Luxury Goods by Format and Category: % Value 2019
  • Table 14 Forecast Sales of Luxury Goods by Category: Value 2019-2024
  • Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024
  • Sources
  • Summary 1 Research Sources
Note: Product cover images may vary from those shown
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