Industry Research

How Will Luxury Services Follow The Wealth In 2016?

Posted on January 8, 2016

Spending among the ultra wealthy will be challenged in 2016; it was already on a downward trend in 2015, as a result of the global economic and geopolitical environment. At the same time, people are evolving their tastes to include experiences and perhaps even favor experiences over products. However, luxury brands have not been quick to develop or expand those offerings. That poses a problem.

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Related Topics: building your clientele, business opportunities, business trends, client markets, luxury market trends, VIP service, wealthy clients

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