PROSPECTS AND OPPORTUNITIES
Huge impact of tourists from North America on the growth of experiential luxury
The outlook for experiential luxury in Mexico is extremely promising, with retail value sales (at constant 2024 prices) expected to record a 4% CAGR over the forecast period to reach MXN198.2 billion.
Local restaurants with Michelin stars help to expand experiential luxury offer
Experiential luxury in Mexico is no longer limited to luxury hotels, but is also gaining relevance in luxury foodservice, as the Mexican consumer base becomes increasingly sophisticated from travelling abroad and enjoying this type of experience in other countries. This is how the offer of luxury foodservice in Mexico is gradually expanding, with new restaurants or large chains emerging to offer signature cuisine from various origins.
Nayarit is Mexican destination offering significant expansion opportunities for experiential luxury
A new location that is experiencing significant development as a tourist destination for both Mexicans and international travellers is the state of Nayarit. Situated on the Pacific Coast, Nayarit is experiencing a boom in hotel development with a large number of openings planned for the coming years.
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Overview:
Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Mexico 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 Mexico, 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 Mexico 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 Mexico?
- Which are the leading brands in Experiential Luxury in Mexico?
- How are products distributed in Experiential Luxury in Mexico?
- How important is tourism in evaluating demand for Experiential Luxury in Mexico?
- 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 Mexico - Category analysis
KEY DATA FINDINGS
Inbound tourism boosts experiential luxury in Mexico
New options offered by leading international chains in fragmented landscape
Glamping - an alternative way to enjoy luxury experiences
Huge impact of tourists from North America on the growth of experiential luxury
Local restaurants with Michelin stars help to expand experiential luxury offer
Nayarit is Mexican destination offering significant expansion opportunities for experiential luxury
Luxury Goods in Mexico - Industry Overview
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
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.
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