2. In our analysis, we want to look at what's next for the industry instead of providing a . 8 The State of Fashion 2021 . [Photo/IC] China's personal luxury sector is likely to enjoy low double-digit growth in 2022 after the market nearly doubled in size over the past two years, according to a latest projection by consultancy Bain & Co. The outlook for 2021 is uncertain, but the market is expected to reach between €250-€295 billion, as per the Bain & Company report titled Luxury Study 2021 Spring Update released in collaboration. PDF The Beauty and Personal Care Market: Global and Regional Overview China and world GDP growth forecasts are based on base case, a combination forecast with most recent data, global institut e reports and BCG analysis. Source: IMF, World Bank, OECD, BCG analysis. Analysts expected global wealth to contract, and perhaps severely. 6 GLOBAL WEALTH 2021: WHEN CLIENTS TAKE THE LEAD BOSTON CONSULTING GROUP 7 Not even a pandemic could break global wealth's resilience in 2020. The coronavirus pandemic changed it all in a few short months. Similarly, March 2022 saw a 25.16% year-over-year decrease in luxury attached inventory with a 10.22% increase in new inventory. This increased activity aligns with the expansion in luxury resale. VIRTUALIZATION OF LUXURY A BOOMING TREND, DRIVING NEW POTENTIAL REVENUES STREAMS Virtualization of luxury is an increasingly defined reality that can pose great opportunity of additional revenues stream for the brands. Altagamma Studies | Altagamma Last year's report, Lifting the Veil of Mystery, shed light on the dynamics and development of an industry known for its complexity and opacity. Luxury hotels • Lodging spending at luxury hotels expected to grow at 11%; demand higher but supply constrained - We see an increasing trend of domestic travellers booking luxury hotels for leisure trips - The share of business generated by domestic tourists is 50% for luxury hotels, up from 30% in the last 3 years Budget and mid-market As CNBC points out, Bain & Company has issued its latest luxury report, dubbed "Bain & Company Luxury Study 2020 Spring Update." . DUBLIN--(BUSINESS WIRE)--The "Global Personal Luxury Goods Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.The personal luxury goods market is poised to grow by $ 33 . PDF Global Fashion & Luxury Private Equity and Investors Survey 2021 - Deloitte by Regional Countries 2016-2021 REGIONAL OVERVIEW 3 -4 2 5 7 1 5 3 7 4 2 -6-4-2 0 2 4 6 8 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Saudi Arabia Iran United Arab Emirates Egypt Morocco Kuwait Iraq Oman Tunisia Lebanon Jordan 2016 2021 % CAGR 2016-2021 for Total BPC-2021
