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Experiential Luxury in Australia

  • ID: 4988855
  • Report
  • January 2021
  • Region: Australia
  • 20 pages
  • Euromonitor International
In the first half of 2020, the COVID-19 pandemic brought economies and travel and tourism to a standstill, moving east from China and Asia Pacific, spreading to Europe and the Americas to effect over 180 countries worldwide, ushering in travel bans, grounded aircraft and lockdowns around the world. According to the UNWTO, 100% of destinations imposed some form of travel ban or restrictions in 2020, with 60% still in place at the end of July 2020.

The Experiential Luxury in Australia 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
  • International and domestic border closures due to COVID-19 wreaks havoc on experiential luxury in 2020
  • Luxury foodservice suffer as Palazzo Versace is closed twice in 2020
  • Luxury hotel bookings suffer although regional tourism increases in 2020
RECOVERY AND OPPORTUNITIES
  • Experiential luxury unlikely to recover over the forecast period due to decreased disposable incomes
  • Luxury hotels set to decrease prices and increase special offers to tempt customers back over the forecast period
  • Competition from non-luxury experiential resorts on the increase
CATEGORY DATA
  • 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
EXECUTIVE SUMMARY
  • COVID-19 impact on luxury goods
  • COVID-19 country impact
  • Company response
  • Retailing shift
  • What next for luxury goods?
MARKET INDICATORS
  • Table 7 Number of High Net Worth Individuals (HNWI): 2015-2020
MARKET DATA
  • 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
DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES
  • Summary 1 Research Sources
Note: Product cover images may vary from those shown
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