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BUSINESS NEWS · GLOBAL ·

Luxury spending now driven by experiences and 'inheritourism'

As reported by Business News
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
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A new report indicates a significant shift in luxury spending trends for the current year. While luxury goods sales are projected to see a modest growth of 1% to 4%, the experiential luxury sector is expected to outperform. This segment is predicted to grow between 3% and 7%,…

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