PROSPECTS AND OPPORTUNITIES
Rise of travel set to contribute to a positive performance for experiential luxury
Experiential luxury in Canada is poised for sustained growth over 2025-2030, with retail sales projected to rise at a compound annual growth rate (CAGR) of 5% in current value terms (a CAGR of 3% in constant 2025 value terms). This growth will be driven by evolving consumer preferences and broader market dynamics.
New openings of luxury hotels expected, with the prioritisation of wellness, cultural heritage and eco-consciousness
The prospects for experiential luxury in Canada, particularly luxury hotels, appear favourable. Steady growth in high-end travel demand and an increasing consumer appetite for immersive and curated luxury experiences will underpin the anticipated growth.
Luxury hotels anticipated to adopt eco-friendly practices for sustainable tourism
Luxury consumers are increasingly seeking environmentally responsible travel and dining options, which will drive demand for luxury hotels and foodservice that incorporate eco-friendly practices without sacrificing exclusivity or comfort in the forecast period. Consequently, sustainable and responsible travel options are likely to become a hallmark of experiential luxury in Canada between 2025 and 2030, reflecting a growing consumer preference for eco-conscious journeys that balance indulgence with environmental stewardship.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Experiential Luxury in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Experiential Luxury in Canada?
- Which are the leading brands in Experiential Luxury in Canada?
- How are products distributed in Experiential Luxury in Canada?
- How important is tourism in evaluating demand for Experiential Luxury in Canada?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Experiential Luxury in Canada - Category analysis
KEY DATA FINDINGS
Wealthy consumers drive growth in experiential luxury, especially luxury hotels
Luxury hotels and foodservice drive growth through innovation
Growing demand for personalised luxury experiences contributes to growth
Rise of travel set to contribute to a positive performance for experiential luxury
New openings of luxury hotels expected, with the prioritisation of wellness, cultural heritage and eco-consciousness
Luxury hotels anticipated to adopt eco-friendly practices for sustainable tourism
Luxury Goods in Canada - Industry Overview
Luxury goods in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for luxury goods?
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Experiential Luxury
- Luxury Foodservice
- Luxury Hotels
Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Experiential Luxury research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!