Bain Luxury Report 2024 Pdf |best| [Works 100%]

Europe proved to be surprisingly resilient, remaining the largest regional market. Sales of personal luxury goods grew by 3% to 4% at current exchange rates, reaching €110 billion in 2024. This growth was largely driven by a surge in international tourism, particularly from American and, increasingly, Chinese visitors. However, local demand in the UK and northern Europe remained under pressure, while southern Europe, including iconic resort destinations, flourished.

The 2024, the personal luxury goods market—a key component of the luxury sector—has experienced its first slowdown since the great recession (excluding the pandemic), as detailed in Bain's November 2024 press release . bain luxury report 2024 pdf