Majority of HNWI to invest in cryptocurrency by 2022: report
Wealthy investors are beginning to embrace cryptocurrencies, as digital assets such as bitcoin gain more acceptance.
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Consumers shift from luxury products to experiences. How to reach them?
Baby boomers are entering a stage where less is more, and more than half of millennials say they value experiences over objects.
Dior spotlights artisans’ involvement in cruise collection
French fashion house Christian Dior is delving into its effort to bring authentic cultural appreciation to its cruise 2020 show in Marrakech, Morocco, exploring how it enlisted the work and creativity of local artisans for the event.
Caribbean, Asian destinations seeing the most growth for summer travel
Affluents’ desire to enjoy unique experiences has led to some unexpected destinations receiving more interest from travelers, according to Virtuoso.
Key takeaways from McKinsey’s Chinese Luxury Consumers 2019 report
The management consultancy predicted that Chinese shoppers – both at home and abroad – would spend approximately $180 billion (1.2 trillion renminbi) on luxury goods by 2025, accounting for 40 percent of the worldwide consumption.
Personalization, gamification top differentiators of loyalty programs
Loyalty program members are more drawn to program experience rather than end rewards, reflecting the overall shift of consumers favoring unique services instead of material objects.
Must-know basics of trademark law for the luxury business
As an intangible right, trademarks cannot be protected with a security system – only the legal system keeps thieves at bay.
DPA research aims to clear up diamond misconceptions
As consumers seek out more transparency in the brands they do business with, the Diamond Producers Association is looking to shed light on the positive effects of mining with a research project.
Chinese, American affluents most likely to spend big on wellness travel
More than 80 percent of affluents are interested in wellness travel, as global demand grows for experiences that emphasize physical and mental wellbeing.
$2M-plus home sales drop as inventory grows: Redfin
Sale prices for luxury homes fell for the first time in three years, as prices declined almost 2 percent year-over-year in the first quarter of 2019.