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Research

Report: Experiences drive global luxury market to end 2023 with record-high $1.63 trillion in sales

November 14, 2023

Asset rich, the wealthy and UHNW are quite resilient in market ups and downs. Image: Shutterstock Asset rich, the wealthy and UHNW are quite resilient in market ups and downs. Image: Shutterstock

 

By Mickey Alam Khan

The global luxury market is projected to reach $1.63 trillion in 2023, an 8-10 percent growth over 2022, setting a new record for the business and proving its resilience amidst geopolitical and economic uncertainty.

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