Over the forecast period, experiential luxury in Italy is expected to continue performing well, supported by an ongoing desire for luxury experiences, lifestyles, and hospitality. Following stagnation towards the end of the review period, the number of luxury foodservice outlets is expected to notably rise over the forecast period, along with value sales, although the category’s reach will remain somewhat limited compared to luxury hotels, with the latter continuing to drive overall demand.
Over the forecast period, the number of luxury hotels in Italy is expected to continue expanding, albeit at a marginally slower pace compared to the review period. This is likely to be more evident in Italy’s art cities.
Sustainability is expected to be among the key focus areas for players within experiential luxury to differentiate their offering from competitors and be more appreciated by consumers. In the coming years, luxury hotels and restaurants are expected to improve their practices to protect the environment, such as increase their usage of renewable energy, while reducing water waste and disposable products.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Italy with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Italy, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See all of our definitionsThis report originates from Passport, our Experiential Luxury research and analysis database.
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