Sustainability and affluent consumer perceptions: let’s cut the hype !

Although sustainability as a concept incorporates multiple facets, it predominantly translates into concerns about environment and more specifically climate change, according to our latest TrendLens™ 2022 study of global affluent consumers. The pandemic has accelerated (and increased) awareness of purpose driven consumption, as can be noted from the attitude and adoption of

Read more
Millionaires rethinking luxury travel priorities

By SARAH RAMIREZ – Copyright: Luxury Daily Global millionaires are primed to increase their spending on travel, focusing on wellness and purpose-driven trips. According to new findings from Agility Research & Strategy, most millionaires are increasingly optimistic about their economic outlooks. As a result, they are likely to devote more of their wallet

Read more

China versus USA “Luxury Outlook” for 2022 As the top 2 luxury markets in the world, China and USA play a very crucial role in defining the health of the luxury market. Post Covid, both markets have emerged stronger, while facing some strong headwinds.  Based on our TrendLens data, collected in February

Read more
SCMP: “Luxury expenditure in China has been driven by the fact that China’s affluent and wealthy continued to do quite well financially” – Amrita Banta

Source – Courtesy of South China Morning Post – Full article here Chinese consumers splurge on luxury goods as ‘Covid hasn’t changed the lifestyle of the rich’ > Domestic purchases of luxury goods in 2021 in China was valued at US$74 billion, having totalled US$120 billion in 2019 for both

Read more
Luxury Daily: Agility’s Luxury Brand Affinity ranking (ALBA) says Gucci, Dior top brands in the US

Italian fashion house Gucci and French fashion label Christian Dior are among the top luxury fashion and beauty brands in the United States, according to new data from Agility Research & Strategy. Agility’s Luxury Brand Affinity ranking (ALBA) tracks the performance of more than 80 brands using key performance and perception

Read more
Agility Research & Strategy is 2021 Luxury Market Researcher of the Year

Agility Research & Strategy is Luxury Daily’s 2021 Luxury Market Researcher of the Year for its thorough examination and exploration of how luxury brands continue adapting in Asia in response to the COVID-19 pandemic. When both brands and consumers feel uncertain about the future, Agility’s research has been beneficial in anticipating and

Read more
NEWSLETTER The affluent Indian consumer in 2022

With rising disposable incomes, Indian middle and upper middle class has now become the darling of many luxury brands. More than 300 international brands are planning to enter the India market in the next few years, a clear indication of its potential.

Read more
FEATURED SCMP: As Macau opens up to Chinese tourists, can it become a luxury shopping hub, like Hong Kong or Hainan?

– Hong Kong may be the regional luxury shopping hub, but its strict quarantine rules are keeping the visitors away– Could Macau and Hainan, which have both relaxed regulations, take over from Hong Kong?Tourists from mainland China flooded into Macau last September, when Chinese authorities resumed allowing visits to the

Read more
FEATURED Luxury Daily: How Asian millionaires are rethinking their approach to luxury

Increased financial confidence among millionaires in Asia is fueling their spending on luxury goods and experiences, according to new insights from Agility Research & Strategy. According to Agility’s 2021 Asian Millionaire report, countries in the region are seeing higher luxury spending as economies continue recovering from the COVID-19 pandemic. Many Asian

Read more
FEATURED The Business of Fashion: New Ranking Shows Chanel is Favourite Brand of Wealthy Chinese

Chanel topped a survey of high-net worth consumers in China as their favourite luxury brand, according to luxury research firm, Agility Research and Strategy. The Agility China Luxury Brand Affinity Rankings for 2021 tracked 55 brands across 12 performance and perception metrics, measuring not only how the 1,000 high-net worth

Read more