• - 19 Aug 2014

    In Conversation With Stuart Foster, Vice President Marketing, Hilton Luxury Brands

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    The number one use of discretionary income is travel, it’s a great time to be in hospitality, explains Stuart Foster, VP Marketing for Hilton Luxury Brands

    The former Moët & Chandon executive arrived at Hilton in 2011, after a 15-year tenure reinvigorating the perception and distribution of LVMH’s world-renowned champagne brand, working in Paris, Tokyo and New York.

    At Hilton, Foster has been charged with the development of existing and new brands’ distribution, sales and profit, account planning and pricing across the region. And leading the storied Waldorf Astoria marque into a new chapter of global luxury hospitality.

  • - 12 Aug 2014

    H1 2014 Results Are In For LVMH, Kering & Swatch Group

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    The good news: revenues continue to increase, albeit at various paces. The bad news: operating profit is down as exchange rates continue to wreak havoc

    For all three conglomerates, revenues climbed, albeit at various paces. Swatch Group lead the charge (at constant exchange rates), registering an increase of 8.5% on H1 2013. LVMH’s Group sales increased by 3%, lead by sales increases in its Fashion & Leather Goods division (up 7%) and Selective Retailing (up 4%).

    Kering Group sales inched up just 1.5%, yet its Luxury division posted year-on-year revenue growth of 5.7% based on comparable data, reflecting solid performances by directly operated stores across all geographic areas.

  • - 5 Aug 2014

    Rolex Dominates US Searches For Watches

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    Rolex continues to dominate online search interest in the United States, as interest in new and independent watchmakers begins to rise

    Interest in luxury timepieces by U.S. consumers – based on the amount of timepiece-related searches generated in the U.S. – remained stable (down 2%) when compared to Q1 2013, according to a recent WorldWatchReport update released by Digital Luxury Group.

    Indeed, the five most-searched-for brands in Q1 2014 and Q1 2013 were exactly the same, remaining in the same order of preference. Rolex remains the most-searched for luxury timepiece brand in the United States – by a country mile. The brand commanded a 30% share of search in Q1 2014, increasing by 1.4% compared to the previous year.

  • - 31 Jul 2014

    What Travelers Want From Small Luxury Hotels

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    Four key insights into the modern luxury travel consumer, based on a new survey by Small Luxury Hotels of the World ™, completed by over 13,000 clients

    A new survey by Small Luxury Hotels of the World ™ (SLH) completed by over 13,000 SLH customers worldwide reveals new trends within the luxury market. Italy has been identified as the most luxurious holiday destination, Chanel as the most popular luxury brand and free Wi-Fi was favoured over free breakfast in the majority of core markets.

    “Today’s in-room Nespresso machine will possibly be tomorrow’s trouser press,” believes Paul Kerr, CEO of Small Luxury Hotels of the World “Luxury demands are always changing and we are in a perfect position to respond to the demands of our customers worldwide. This annual survey offers valuable insight into the varying demands in markets across the world.”

  • - 29 Jul 2014

    Inside India's Challenging High-Growth Luxury Market

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    India’s luxury goods market has been growing by more than US$255 million a year, explains Fflur Roberts, head of luxury goods at Euromonitor International

    Growth expectations among the world’s biggest luxury goods manufacturers are highly optimistic. This is a country, after all, where as many as one million young adults are entering the job market every month and it offers a potentially unrivalled demographic dividend.

    There are, however, growing signs that the wheels are slowing on India’s hitherto unstoppable luxury goods growth surge. The combined effects of a cooling economy, rising prices and lacklustre job creation are causing middle-income consumers in particular to tighten their belts.

  • - 17 Jul 2014

    Browsing Is The New Buying For The Considered Consumer

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    Over a third of consumers say that they are thinking more carefully before buying, according to a recent report by Hammerson

    The information age has considerably slowed the purchasing process, giving rise to a consumer that is less concerned with the pure acquisition of products, and instead is more concerned about their quality and real value.

    “Consumers are not only more considered when it comes to their expenditure, they are also taking significantly more time on the buying process. Browsing, researching and comparing now take the lion’s share of consumers’ time and energy.”

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Members opinion

  • Sophie Doran Is Zara The Newest Luxury Fashion Competitor? by Sophie Doran 19 Jun 2014
  • Avery Booker Weibo’s Decline Demands Digital Rethink for Luxury Brands in C... by Avery Booker 18 Apr 2014
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