The closure of Malaysian borders to foreigners beginning on 17 March had a negative effect on experiential luxury in 2020. Due to these strict regulations, Malaysia experienced a strong dip in international tourist arrivals, which typically provide an important boost to the sales of luxury goods. In fact, in 2020 the country experienced negative growth from inbound tourists from every region.
The Experiential Luxury in Malaysia 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 2025 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?
The Experiential Luxury in Malaysia 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 2025 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
KEY DATA FINDINGS
2020 IMPACT
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
SOURCES
2020 IMPACT
- Mandated border closures dampen growth in 2020
- Country lockdown further dampened growth in 2020
- Leading brands attempt to entice consumers with promotional campaigns
- Recovery of experiential luxury in the forecast period will be slow
- Players expected to delay openings of experiential luxury outlets such as luxury hotels
- Economic fallout of COVID-19 will further delay the recovery
- Table 1 Sales of Experiential Luxury by Category: Value 2015-2020
- Table 2 Sales of Experiential Luxury by Category: % Value Growth 2015-2020
- Table 3 NBO Company Shares of Experiential Luxury: % Value 2015-2019
- Table 4 LBN Brand Shares of Experiential Luxury: % Value 2016-2019
- Table 5 Forecast Sales of Experiential Luxury by Category: Value 2020-2025
- Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2020-2025
- COVID-19 impact on luxury goods
- COVID-19 country impact
- Company response
- Retailing shift
- What next for luxury goods?
- Table 7 Number of High Net Worth Individuals (HNWI): 2015-2020
- Table 8 Sales of Luxury Goods by Category: Value 2015-2020
- Table 9 Sales of Luxury Goods by Category: % Value Growth 2015-2020
- Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
- Table 11 NBO Company Shares of Luxury Goods: % Value 2015-2019
- Table 12 LBN Brand Shares of Luxury Goods: % Value 2016-2019
- Table 13 Distribution of Luxury Goods by Format and Category: % Value 2020
- Table 14 Forecast Sales of Luxury Goods by Category: Value 2020-2025
- Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
SOURCES
- Summary 1 Research Sources
Note: Product cover images may vary from those shown
