As a result of the current transformation, LuxuryLab Global presented topics related to key aspects such as gender equality, diversity, cultural and intellectual appropriation, social responsibility, industry trends and inclusion.
Strategic alliances are essential for LuxuryLab Global, since they generate great value for the industries and companies invited. On this occasion with the presence of Euromonitor International, a leading provider of business intelligence, market analysis and consumer knowledge, which offers reports, databases and customized solutions to support its clients’ decisions and foster the growth of the most innovative businesses. of the world.
The alliance with the Boston Consulting Group, a well-known American management consulting company based in Boston, was also evident. It is one of the three largest management consulting firms in the world in terms of revenue. Both allies submitted an exclusive report with hard data for LuxuryLab Global.
With data from Euromonitor International, despite economic headwinds, the global luxury industry is expected to grow by 4% in 2023. Just when we thought it was safe to re-engage after the pandemic, the global economy began to show fragility and is affecting the luxury landscape.
At the same time, there is an encouraging projection for the luxury sector in Mexico, where growth and new product arrivals are expected this year. A study reveals that since 2021, Mexico concentrates the largest number of individuals with high purchasing power based on own resources that exceed one million US dollars.
A significant moment during the event was the appointment of Beverly Hills As the International Luxury Destinationwhile Aspen Snowmass received recognition as Inclusive Destination and finally Wilderness Holdings was awarded as Sustainable Destination.