Luxury Consumer Trends 2024 – A look back at the trajectory of the personal luxury goods market combined with results of a new survey among luxury goods executives provides insights to propel growth. . The global luxury furniture market is predicted to register a CAGR of 5.6% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 22.6 billion in 2023 .
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Luxury Consumer Trends 2024 Luxury Hotel Market Growth, Trends and Forecast (2024 2031): The luxury goods industry appears well-positioned to benefit from changing consumer trends, rising disposable incomes, integration of advanced technologies, growing popularity of e-commerce platforms, . Jimmy Choo revenue fell 1.2% to $166M compared to the prior year. On a constant currency basis, total revenue increased 3.0%, driven primarily by softening consumer demand, mainly in the Americas, .
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