The post-pandemic landscape has shown a strong consumer inclination towards memorable luxury experiences, which is set to maintain retail current value growth for experiential luxury in the US in the forecast period. As consumers are willing to pay a premium for unique encounters, brands can capitalise on this trend by expanding into experiential offerings.
Sustainability is becoming increasingly central to new luxury hotel developments across the US. For example, Thompson Miami Beach by Hyatt Hotels Corp is set to open in early 2025.
Luxury hotels in the US are strategically focusing on locations that offer unique cultural heritage and adventure experiences. For example, the Baccarat Hotel in New York is set to expand its offerings with tailored experiences that include private art tours and exclusive access to local events.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in USA 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 USA, 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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