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luxury

A collection of 5 posts

julius baer group

Julius Baer Group says Singapore is now regarded as the 'most expensive city' for upper-class lifestyle

Per Business Insider The Julius Baer Group released a new report that ranks Singapore as the most expensive city when it comes to upper-class lifestyle. This came from its 2023 Global Wealth and Lifestyle Report. This came as Shanghai was pushed off the podium, with Singapore becoming the first Asian

Global luxury home prices turned negative for the first time since the global financial crisis of 2009 and are expected to continue to drop

Per Business Insider The prices for global luxury homes have turned negative for the first time since the global financial crisis. The report stretched 46 leading markets and found an annual drop of 0.4% in the first quarter; this was the first negative since 2009. The study was conducted

Even the rich don't want to pay over $500 a night for hotel rooms

Per Bloomberg A recent survey found that even high-end travelers are starting to scale down on spending, saying they don't want to spend over $500 a night on a hotel. Only 3% of participants said they would entertain spending $3,000 a night or more. This was according

LVMH becomes the first European company to surpass a market value of $500 million

Per CNBC LVMH, the parent company of Louis Vuitton, Hennessy, and other brands, has officially become the first company to surpass a market value of half a billion. This came after a 17% increase in its first-quarter sales. The company was able to double the expectations of analysts, resulting in

Luxury sales remain unaffected by rising interest rates, increasing by 22% in 2022

Per CNBC While many struggled due to the increased interest rates, luxury sales somehow remained unaffected. In 2022, despite the rising interest rates, personal luxury goods global sales increased to $381 billion. The increase in global sales to $381 billion represents a 22% growth for personal luxury goods sales in