As political instability is increasing in Hong Kong because of China’s recent crackdowns, many affluent consumers in the region are looking for a more stable environment to live, leaving countries and real estate sellers trying to lure these desirable residents. More than 29,000 people left the Chinese territory last year,
FEATURED Jing Daily: Luxury Market Recoveries: South Korea Versus China
China and South Korea are the two countries that recovered from COVID-19 the fastest, but their luxury market rebounds look quite different. Even though South Korea’s market and appetite for luxury are both smaller than China’s, understanding the similarities and unique differences between them can help brands with their regional post-COVID-19 merchandising
FEATURED Luxury Daily: Luxury brands must deliver purpose in post-pandemic world
A strong sense of purpose is at the root of being a luxury brand, and now more than ever consumers are looking to luxury brands to inspire hope and direction in establishing a new normal post-pandemic. Consumers today are evaluating their priorities, according to an Agility Research & Strategy webinar
NEWSLETTER The New Normal: Asian Affluent Consumer’s Mindset Post Covid-19
How has Covid-19 impacted the affluent consumers’ mindset and behavior? To understand the consequences of the Covid-19 crisis and to help our clients navigate within the new status quo, Agility Research & Strategy has conducted the second wave of our signature TrendLens™ study where we interview a cross section of Asian affluent
FEATURED Bloomberg: The Virus Has Trapped $111 Billion of Luxury Spending in China
Jeff Meng, a 25-year-old watch lover from a well-heeled Guangdong family, had 160,000 yuan ($22,800) burning a hole in his pocket. He could not find the Rolex Daytona watch he wanted, dubbed “panda” for its black-and-white face, anywhere in China. Thanks to the coronavirus pandemic that’s halted travel and disrupted