Report 2024 Pdf: Bain Luxury

This region saw a slight decline in performance, with a 1% to 2% decrease. 4. The Future of Luxury: Strategies for 2025 and Beyond

Tourism has become a key engine for growth, with tourist spending on luxury goods growing by 7% to 9% in 2024. In contrast, purchases by local customers have declined, showing a trend where people spend more while on vacation than at home.

Bain & Company 2024 Luxury Report (officially the Bain & Company Luxury Goods Worldwide Market Study bain luxury report 2024 pdf

Luxury in Transition: Securing Future Growth - Bain & Company

Remained the largest region by market size, supported by strong tourism in Southern Europe despite flat local demand. 5. Strategic Outlook for 2025–2030 This region saw a slight decline in performance,

For deep dives and full data visualizations, you can access the following official summaries and reports: Luxury in Transition: Securing Future Growth (Bain Insights) Altagamma-Bain Spring 2024 Update PDF (Altagamma) 2024 China Luxury Goods Market Report (Bain China) Generation Z's

While the market is flat, "big spenders" (high-net-worth individuals) continue to drive a significant portion of sales, though their growth is flattening. In contrast, purchases by local customers have declined,

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