Customers purchase bags at a duty-free shop in Haikou, Hainan province, on Oct 1, 2021. The Collins Word Of The Year, Collins Dictionary, 2021. 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 In our analysis, we want to look at what's next for the industry instead of providing a . Luxury Goods: Quarterly Statement Q1 2021 | Market Research Report ... Global luxury sales could return to pre-pandemic levels this year, boosted by a strong recovery in China and an unexpected early rebound in the US, according to Bain & Company. Personal Luxury Goods Expected to See 20 to 35% Contraction in 2020 - WWD Luxury market rebounds in 2021, set to return to historic growth trajectory, Press release, Bain & Co, November 2021. 40+ Real Consulting Presentations From McKinsey, BCG, Bain, And More ... PDF Jew˜ l˚ y TREND REPORT - d3em83qrfmyuai.cloudfront.net Luxury goods sales surpass 2019 record, led by China, US: Bain Global Wealth 2021: When Clients Take the Lead | BCG Base: All respondents: March 2021 survey (8,738); June 2021 survey (8,681). • The insights are based on Bain's triangulation of information and sources, available as of November 5th 2021and includes: - Data regarding the outbreak of the Covid-19and consequential lockdown across countries -Macroeconomic data (e.g., GDP, consumer confidence index) and the latest forecasts
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