Together, Chinese millennials and Indian millennials account for a whopping 47 percent of the global millennial population– here’s how they’re affecting the future of the luxury sector.
While analysts are projecting a slowdown in demand for luxury goods, Affluent Insights study looked at the Chinese consumers purchasing behaviour and found out that they have remained bullish overall about their own spending in 2019.
Japanese luxury consumers are back in the limelight, and the country seems to have renewed its love affair with everything “luxury.”
Agility’s study into the changing behaviour of affluent Asia Pacific consumers sheds some light on the growing demand for virtual reality, AI and how China’s female consumer is becoming a driving force.
Agility’s study into the changing behaviour of affluent Asia Pacific consumers sheds some light on new ways of purchasing luxury goods, the most popular platforms for information on brands, and the renewed interest in acquiring luxury watches.
Contrary to other Asia-Pacific regions, Affluent Chinese consumers prefer splashing out on luxury goods rather than leisure travel.
