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Experiential Luxury in the United Kingdom

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    Report

  • 22 Pages
  • October 2023
  • Region: United Kingdom
  • Euromonitor International
  • ID: 5237700
Tourist visitor levels in the UK were seen to recover in 2023, despite global macroeconomic pressures such as high inflation and the rapid escalation of living costs. This was an improvement on previous years, when the pandemic prevented people from travelling. There was also a consumer shift towards spending on more rewarding experiential activities than on material goods. Due to this, value sales of experiential luxury grew by 34% to total GBP1.

The Experiential Luxury in United Kingdom 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 2027 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.

Table of Contents

EXPERIENTIAL LUXURY IN THE UNITED KINGDOMKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Current retail value sales of experiential luxury on the rise in 2023
  • Luxury hotels records the highest value growth within the category overall in 2023
  • Hyatt International Corp leads experiential luxury in 2022
PROSPECTS AND OPPORTUNITIES
  • Retail value sales look set to increase over the forecast period
  • Luxury hotels is expected to see the best performance over the forecast period
CATEGORY DATA
  • Table 1 Sales of Experiential Luxury by Category: Value 2018-2023
  • Table 2 Sales of Experiential Luxury by Category: % Value Growth 2018-2023
  • Table 3 NBO Company Shares of Experiential Luxury: % Value 2018-2023
  • Table 4 LBN Brand Shares of Experiential Luxury: % Value 2019-2022
  • Table 5 Forecast Sales of Experiential Luxury by Category: Value 2023-2028
  • Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2023-2028
LUXURY GOODS IN THE UNITED KINGDOM
EXECUTIVE SUMMARY
  • Luxury goods in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 7 Sales of Luxury Goods by Category: Value 2018-2023
  • Table 8 Sales of Luxury Goods by Category: % Value Growth 2018-2023
  • Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
  • Table 10 NBO Company Shares of Luxury Goods: % Value 2018-2022
  • Table 11 LBN Brand Shares of Luxury Goods: % Value 2019-2022
  • Table 12 Distribution of Luxury Goods by Format and Category: % Value 2023
  • Table 13 Forecast Sales of Luxury Goods by Category: Value 2023-2028
  • Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources