PROSPECTS AND OPPORTUNITIES
Growing collaborations expected amongst experiential luxury groups
Several experiential luxury establishments across the Philippines are owned by tycoons with multiple business interests and we are seeing a growing number of collaborations across brands. For example, billionaire Enrique Razon Jr.
Loyalty rewards and credit functions attract consumers
Loyalty rewards and credit functions are amongst the major considerations when consumers are exploring experiential luxury options. Indeed, it is noted that several experiential luxury brands offer competitive rewards and loyalty programmes, alongside credit functions in some cases.
Digitalisation increases competition amongst experiential luxury brands
The ongoing developments in digitisation are increasing competition between experiential luxury brands. This is because consumers have greater and wider access to information and options available to them and, in turn, players have more ways to reach their customers directly.
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Overview:
Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Philippines 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 Philippines, 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 Philippines 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 Philippines?
- Which are the leading brands in Experiential Luxury in Philippines?
- How are products distributed in Experiential Luxury in Philippines?
- How important is tourism in evaluating demand for Experiential Luxury in Philippines?
- 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 the Philippines - Category analysis
KEY DATA FINDINGS
Ongoing urbanisation trends and middle-class expansion help to support experiential luxury
Exclusive destinations are key to experiential luxury
Consumers re-embrace freedom in experiential luxury
Growing collaborations expected amongst experiential luxury groups
Loyalty rewards and credit functions attract consumers
Digitalisation increases competition amongst experiential luxury brands
Luxury Goods in the Philippines - 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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