Personal Luxury Goods Expected to See 20 to 35% Contraction in 2020 - WWD Customers purchase bags at a duty-free shop in Haikou, Hainan province, on Oct 1, 2021. On the e-commerce front, China's annual luxury online penetration increased from about 13% in 2019 to 23% in 2020 (see Figure 8). In our analysis, we want to look at what's next for the industry instead of providing a . It has not been tailored to any specific situation and may therefore not be relied onSAO Airports Covid POV1_vsent 5 Air Traffic recovery will likely be only in the mid-long term Demand suppressed during outbreak, to recover to pre-COVID- THE 7TH TRUE-LUXURY GLOBAL CONSUMER INSIGHT EDITION CONDUCTED IN TWO FIELD MOMENTS: PRE-COVID (JANUARY 2020) AND POST-COVID (JUNE 2020) €37K+ Average spend2 12,000+ Respondents 10 Fifth Ed. A few key takeaways: - For Q4, Bain expects the signs of recovery to continue, to a -10% y-o-y drop, worst case -20%, best case -5% - Bain expects a return to 2019 levels not sooner than end 2022, early 2023 with partial recovery in 2021 - Mainland China is the only region to end year positively to €44bn, +45% MILAN — Spending on personal luxury goods is expected to contract between 20 to 35 percent for the full-year 2020 — this after falling by an estimated 25 percent in the first quarter . 10% of adults now double vaccinated May More indoor and outdoor gatherings allowed, restaurants re-open, travel "traffic light" system set up PDF Consumer trends accelerated by the COVID-19 pandemic are sticking. - PwC PDF COVID-19 A New World for Airports - The Moodie Davitt Report China Luxury Index | Jing Daily Global personal luxury goods market grew 0-1% in Q1 2021: Bain 40+ Real Consulting Presentations From McKinsey, BCG, Bain, And More ... Global Risk 2021: Building a Stronger, Healthier Bank. forecasted to close 2021 at par with 2019 values in the "worst-case" scenario, and to be 10% above in the "best-case" one. The overall luxury market - encompassing both luxury goods and experiences - shrunk at a similar pace and now is estimated at approximately €1 trillion. The Future of Luxury: 7 Trends To Stay Ahead in 2022 - Luxe Digital Global Powers of Luxury Goods 2021. Global Personal Luxury Goods Market 2021-2025: Market is Poised to Grow ...
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