Luxury Roundtable
Comment

Retail

Average travel retail spend per passenger in 2022 dropped 29pc: Kearney

October 12, 2023

Twenty-three percent of respondents to the Kearney survey would increase their spend if shops were to enhance the in-store shopping experience. Source: Kearney Twenty-three percent of respondents to the Kearney survey would increase their spend if shops were to enhance the in-store shopping experience. Source: Kearney

 

By Staff reports

Slow recovery from the pandemic and the end of revenge buying has prompted a disconnect between price-centric models and new customer expectations, affecting traveler spending on retail.

This content is accessible only to members of Luxury Roundtable. We would love for you to become a member and enjoy the many benefits soon after. Please click here to enroll as a member of Luxury Roundtable. Already a member?
 
NEW INTELLIGENCE

MOST READ
  1. Buying capacity of baby boomers among factors to grow luxury travel market by $703B in 2027
  2. How luxury brands should retain the attention of Very Important Clients and One-Percenters in China and elsewhere 
  3. Announcing Luxury Roundtable's Luxury Women Leaders to Watch 2025 
  4. Luxury retail stores must adapt to the shift in shopping behavior 
  5. Concours on Savile Row to return to London, pair bespoke tailors with fine cars and fans
  6. Registration Open + Call for Brand Speakers, Sponsors: Luxury Marketing Summit New York April 17 
  7. How Gen Z is driving new trends in jewelry-gifting 
  8. Registration open! Luxury Women Leaders Summit New York June 13 
  9. How hybrid work advances sustainability in the workforce
  10. Profiling a Luxury Icon: How the Rolls-Royce Ghost reflects the new approach to luxury


MORE IN Retail
Final day to register for the Luxury Retail Forum New York Sept. 12
September 9, 2024
Register now for Luxury Retail Forum New York – 6 days left!
September 6, 2024
2 weeks left for Luxury Retail Forum New York. Are you registered?
August 27, 2024
Luxury retail stores must adapt to the shift in shopping behavior
August 19, 2024
Is luxury retail on the right track? Find out Sept. 12
August 13, 2024
How sneaker raffles spell out the bot problem for retailers
August 13, 2024



RECENT INTELLIGENCE
Health, financial freedom: Pillars of wealth for Singapore, Hong Kong wealthy
September 10, 2024
Final day to register for the Luxury Retail Forum New York Sept. 12
September 9, 2024
Register now for Luxury Retail Forum New York – 6 days left!
September 6, 2024

What does Texas federal court overturn of FTC ban on non-competes mean for employers and employees?
August 27, 2024
Consumer optimism drives desire for ‘unicorn’ properties, ‘forever’ dream homes: report
August 22, 2024
Here are the key issues we’ll address at the Luxury Retail Forum New York
August 22, 2024