European opportunities: Moving up the agenda
"China still dominated new store openings in 2022, as it did the year before, but we saw renewed activity in Europe, with new openings in the Middle East also picking up pace"
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"China still dominated new store openings in 2022, as it did the year before, but we saw renewed activity in Europe, with new openings in the Middle East also picking up pace"
"Smaller luxury groups and independents stepped up activity in 2022"
"Where are the opportunities in 2023 and beyond?"
"This, our fifth edition, explores global new store openings with a focus on identifying the most attractive opportunities for store expansion over the next 12–18 months. The resilience of the luxury market is evidenced in the relative health of luxury retail globally; emerging pitches and new markets may present some of the most interesting future opportunities"
"Brands are increasing their presence across different regions and locations"
"The sector is evolving to include increasing numbers of hotel and non-hotel brands"
"Historically dominated by luxury hotel chains, other chains are taking increasing market share as the branded residences sector expands"
"Compared to non-branded stock, branded residences can command a significant price premium, though it varies by location"
"According to the brands themselves…"
"The growth of global wealth has the potential to increase demand for branded residences worldwide"