Global Luxury Retail 2024 Outlook
"Global luxury brands double down on strong domestic fundamentals"
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"Global luxury brands double down on strong domestic fundamentals"
"In the face of subdued sales performance, vacancy continued to contract over Q1 2024, with the prime West End reporting double-digit year-on-year rental growth of 11.7%"
"Since the millennium, European luxury hotel stays have experienced sustained growth, boosted by a lasting post-pandemic surge in demand."
"The retail sector has continued improving, especially in areas popular with inbound tourists, and there have been more store openings catering to international visitors. Lukewarm domestic consumption should also improve due to noticeable wage growth. While prime areas are performing very well, some non-prime areas are still struggling, showing some bifurcation in the market. The optimistic market sentiment has led some landlords to eye rental increments, in contrast to tenants who already have had operating margins thinned from rising costs, and this gap in expectations is likely to persist."
"Despite easing inflationary pressure positively impacting the direction of consumer confidence, spend growth remains varied by sector whilst anticipation of a recovery is leading to a hiatus in investment activity"
"Newcastle's commercial real estate market continues to witness a flurry of activity, with over £175m transacted in 2023 despite record lows of stock availability. "
"When selecting a suitable location for a restaurant, eatery, or café, brands must understand the market, trends, and customer behaviours."
"While external headwinds persist worldwide, the resurgence in international tourism and the resilience exhibited at the domestic level bode well for longer-term growth."
"Last year, we saw an extraordinary resurgence of beloved nostalgic brands."
"Improving consumer fortunes suggests a turning point in occupational performance, so will 2024 be the last chance for a prime bargain in the investment market?"