Bain Luxury Report 2024 Pdf ((new)) 〈99% LATEST〉

: Consumers are increasingly prioritizing travel, social events, and wellness over tangible products. Segments like luxury cruises (+30%) private yachts/jets (+13%) fine dining (+8%) saw strong growth, while personal luxury goods contracted. A Shrinking Consumer Base

The publication of the (officially titled the Bain & Company Luxury Goods Worldwide Market Study Autumn 2024 ) marked a profound structural shift for the global high-end sector. Produced in collaboration with Italian luxury industry body Fondazione Altagamma , the study revealed that the post-pandemic shopping spree had officially ended, giving way to a period of "luxury in transition". bain luxury report 2024 pdf

: For the first time since the 2008 financial crisis (excluding the pandemic), the personal luxury goods market declined, dipping 2% to €363 billion at current exchange rates. Produced in collaboration with Italian luxury industry body

: Highly cyclical categories like luxury footwear, watches, and leather goods suffered sharp contractions. Aggressive brand price hikes without matching product innovation left aspirational shoppers alienated. the personal luxury goods market declined