"What are the new and most expansive segments and brands to watch?"

"The focus on major domestic markets will be the key trend shaping physical luxury retailing in 2022. However, there are several other trends shaping the wider luxury space that will also have a bearing on physical retailing"

"A growing branded residence segment. New non-hotelier brands, from Pharrell Williams to Aston Martin, enter the market"

"Strong market fundamentals are boosting operational performance across the capital, enticing a number of large international hotel groups"

"The retrenchment to core destination cities seen last year will continue in 2019. Smaller, emerging and underserved destination cities will prove attractive as and when specific opportunities arise"

"While new openings declined last year this was largely at the expense of smaller independent brands as the top three luxury houses, LVMH, Kering, Richemont all increased new store openings globally in 2018"

"Luxury spending globally increased 6% in 2018 according to Bain & Company, with Europe accounting for a third of sales, with forecasts pointing to further growth of between 3–5% per annum to 2025"

"Of the 26 global luxury locations tracked by Savills over a third reported year-on-year growth in 2018 with 50% maintaining headline rents."

"Much of the growth in luxury spend in 2018 was driven by millennials and their younger counterparts Gen Z"