PROSPECTS AND OPPORTUNITIES
Luxury hotel launches drive growth as retail value sales rise
Luxury hotels are becoming increasingly dynamic. Through location, service, and hotel features, they cater to wealthier consumers' sophisticated tastes and demands.
Unique experiences and sustainable features engage wealthy clientele
Across the forecast period, consumers will showcase a rising willingness to pay more for high-level experiences, with an ongoing migration away from goods to experiences and services, fuelling the expansion of the luxury hotel market. Retail current value sales are projected to reach RON723 billion by 2029, bolstered by the ongoing demand for luxury experiences.
Luxury foodservice could bolster growth through innovative experiences
While luxury hotels will continue to expand, luxury food service sales will remain negligible across 2024-2029. This is heavily impacted by the lack of footfall in luxury cafés and restaurants, which are often located in hotels.
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 Romania 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 Romania, 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 Romania 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 Romania?
- Which are the leading brands in Experiential Luxury in Romania?
- How are products distributed in Experiential Luxury in Romania?
- How important is tourism in evaluating demand for Experiential Luxury in Romania?
- 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 Romania - Category analysis
KEY DATA FINDINGS
Rise in sales as inbound tourism increases, boosting spending on experiences
Luxury hotels invest in wellness experiences and premium surroundings
Marriott International Inc retains its lead while guest numbers rise
Luxury hotel launches drive growth as retail value sales rise
Unique experiences and sustainable features engage wealthy clientele
Luxury foodservice could bolster growth through innovative experiences
Luxury Goods in Romania - 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.
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!