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Experiential Luxury in South Korea

  • ID: 4968474
  • Report
  • January 2020
  • Region: South Korea
  • 16 pages
  • Euromonitor International
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Upscale and mid-level hotels and facilities are a rising threat to experimental luxury, as many consumers – particularly those with more sensitive budgets – find these types of accommodation satisfactory.

The Experiential Luxury in South Korea 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
  • Mid-level Hotels Are A Growing Threat To Luxury Hotels, Especially Ones That Offer Unique Customer Experiences
  • Consumers in South Korea Visit Luxury Hotels To Gain Memorable Premium Experiences
  • Luxury Foodservice Is Limited To Cafés in South Korea, Such As the Dior Café and Café Madang
  • Competitive Landscape
  • Luxury Hotels Offer Signature Menus To Bring in Consumers and Boost Value Sales
  • Luxury Hotels Retain A Competitive Edge by Giving Members Unique Offers and Discounts
  • Local Players Perform Well in Experiential Luxury, Whereas International Players Remain Conservative
  • 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
  • Growth in Luxury Goods Is Driven by An Increasing Consumer Base and Rise in Local Luxury Offerings, However Duty-free and Imitations Goods Remain A Threat in 2019
  • the Decrease in Chinese Tourists Sees Players Developing Offerings for Local Consumers, As Retailers Create Special Vip Areas
  • Luxury Cars Led the Landscape in 2019, As Daimler AG Retained Its First-place Position With Mercedes-benz, and Bmw Lost Value Share
  • Premium Outlets Pose A Threat To Department Stores, As They Offer High-level Discounts on Several Luxury Players
  • Growth Over the Forecast Period Will Be Driven by Tourism, Affordable Luxury and A Diverse Range of New Players
  • 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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