• - 24 Feb 2015

    Can Spain Compete With France For Chinese Tourists?


    Long overshadowed as an aspirational destination by neighbouring France, Spain is finally coming into its own according to Avery Booker of China Luxury Advisors

    Although Spain’s 288,000 mainland Chinese visits last year were a drop in the bucket compared to France’s 2 million, Spain did see an impressive 14 percent leap year-on-year in 2014. More importantly for Spanish retailers, Chinese tourists have become the biggest foreign spenders in Spain, supplanting Russians for the first time ever last year and accounting for nearly one third of total tourist revenue.

    This is obviously good news for luxury brands and retailers, but is Spain really ready for this rising tide of Chinese visitors? In recent years, many brands have added Mandarin-speaking staff to Madrid boutiques and “starter-level” measures like Chinese-language signage and printouts.

  • - 23 Feb 2015

    There Are More UHNWI's in California Than In Russia


    As luxury spending by Russian consumers hits a definitive dip, pockets of North America continue to amass unexpected wealth

    A recent article by The Moscow Times reported that “spending by Russian tourists abroad has plunged, diving 51 percent in January after falling 44 percent in December because of the ruble’s freefall.” The report cited figures released by tax-refund company Global Blue.

    On its website, the news outlet noted luxury marketers are battling “crippled demand from Russians for luxury goods, and many labels are growing concerned the trend could last, with no end in sight for the conflict in Ukraine.”

  • - 17 Feb 2015

    International Vogue Editor Suzy Menkes Talks Modern Luxury


    International Vogue Editor Suzy Menkes shares her thoughts on Hard Luxury – both old and new – ahead of Condé Nast International’s inaugural Luxury Conference

    For the very first time, Condé Nast International will launch its very own Luxury Conference in 2015, discussing the new ideas, technologies and products that constitute luxury. And the new consumer battle for share of wallet, as products like the Apple iPhone seek to steal market share from the more traditional luxury trophies of old.

    At the helm is Vogue International Editor Suzy Menkes, one of the worlds most influential fashion critics, who has attracted a veritable coterie of luxury business leaders, creatives and rising stars – including Antoine Arnault and Karl Lagerfeld – to discuss the influence of digital technology and consumer shifts on centuries-old definitions of luxury and craftsmanship.

  • - 10 Feb 2015
    - by Liz Flora

    Where Are China's Global Shoppers Headed For Chinese New Year?


    Liz Flora of Jing Daily ponders where China’s luxury shoppers will be headed this Chinese New Year

    With Chinese New Year a little over one week away, Chinese travelers are gearing up for the first of two annual “Golden Week” vacation periods. Although most of these holiday makers will rush to crowded tourist traps in mainland China, a significant (and growing) number will venture abroad with sightseeing – and shopping – on the agenda.

    With the domestic luxury market in China still hitting the snooze button, recent stats indicates no lessening of demand for luxury goods among Chinese shoppers. As in recent years, while luxury flagships in China remain glorified showrooms, locations in Japan, South Korea, Europe, and the US continue to see a steady stream of eager Chinese tourist-shoppers.

  • - 4 Feb 2015

    Recommendations for Digital Luxury Marketing in 2015


    Emma Estill, Digital Marketing Manager at the Watch Gallery, shares her top recommendations for digital luxury goods marketing in 2015

    Within the high-end accessory market, we understand that the path to purchase is often a long one. For a retailer of luxury watches such as The Watch Gallery, the research phase will consist of a number of touch points. From a paid or organic Ad, through to an email or an image on social media, we place emphasis on developing content that not only informs but also inspires.

    The time taken to convert a customer is high by online standards. An average luxury watches customer takes an average 90 days research time before they make a purchase, it is important we create quality engagement with our content.

  • - 2 Feb 2015

    In Conversation With Gerald Lawless, President & Group CEO of Jumeirah Group


    Gerald Lawless, President & Group CEO of Jumeirah Group, explains why it’s a lucrative time to be working in the global luxury hospitality industry

    It’s somewhat startling to realise that Jumeirah Group was launched as recently as 1997. In just under one decade the group has grown to operate 22 hotels in 10 countries, with no less than 14 hotels and resorts in the development pipeline, including properties in St. Petersburg, Mumbai, Guangzhou and Bali.

    The brand attracted global headlines in 1999 with the launch of the Burj Al Arab, frequently referred to as the world’s only 7-star hotel, situated on an artificial island 280m offshore from Jumeirah beach. The launch heralded a new understanding of luxury in hospitality, rarely seen in other parts of the world.


Members opinion

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