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

Posted By Mickey Alam Khan On In Architecture, home & design,Art & auctions,Cars, jets & yachts,China,Fashion & leather goods,Health & wellness,Marketing,News,Outlook,Perfumes, cosmetics & beauty,Real estate & design,Research,Retail,Retail,Sports,Strategy,Sustainability,Travel & hospitality,Watches & jewelry,Wealth management,Wines & Spirits | No Comments
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.