Investors getting behind experiential luxury in 2023: Deloitte

New data from global consulting firm Deloitte shows that luxury experiences are having a moment in the sun.Global Fashion & Luxury Private Equity and Investors Survey 2023

According to the survey, between luxury apparel and accessories, watches and jewelry, cosmetics and fragrances, cars, private jets and hotels, the latter saw the most growth year-over-year in 2022, revealing the strong momentum the sector is gaining after set-backs in 2020 and 2021. Other sectors in the hospitality category also saw bolstered deal numbers, with four more made in the private jets sector and eight more for restaurants. The sectors each make up 3.1 percent of the total luxury mergers and acquisitions made in 2022.

Cruises were ranked in third place, with 7 percent stating that it would grow the most in 2023, revealing that not only did experiential luxury outperform luxury goods in 2022, but the segment is expected to continue to thrive going forward.

Source: Holiday News (holidaynews.net)

Industry Sectors News Research Travel And Hospitality Deloitte Global Fashion & Luxury Private Equity And Invest Investing Luxury Luxury Marketing Luxury News Research Travel And Hospitality

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