2013 Trends on Attitudes of the Ultra Affluent: Where, How & Why They Spend
Over the next 10 years, 95,000 people are predicted to break the US$30m wealth barrier—a cumulative 50% rise, which will take the total number of ultra high net worth individuals across the globe to around 285,665.
Interview With Joe Poulin: CEO & Founder of Luxury Retreats
I had the chance to pick the brain of this young, ambitious CEO to find out exactly how this venture got started, what makes this company stand out among the competition, and where we can expect to see more Luxury Retreats villas putting down roots.
Luxury Row, a collection of some of the world's most recognizable shops, sits on some very expensive square footage on Kalakaua Avenenue, the main drag of Waikiki. Tiffany, Gucci, Chanel, Yves Saint Laurent and many others bring international flare...
Effective immediately, Doug Woodham has been named the president of Christie’s Americas. Mr. Woodham will report directly to Christie’s CEO Steven Murphy. He will be responsible for the overall management of the firm in the Americas. The former...
Monaco is the country most densely populated by ultra high net worth individuals. Fifty-five of these super-wealthy types can be found per 10,000 citizens in the principality. The information stems from a report provided by Wealth-X, which cites the...
Luxury electric carmaker Fisker Automotive has received four awards from separate publishers in the automotive industry this month. The recent citations of excellence came from Fast Company Magazine and Auto Bild Magazine and occurred on the same...
Global hotelier Marriott International, Inc., announced that it will double its portfolio in Europe, increasing it to 80,000 rooms from 40,000 by 2015. New development in Russia and the CIS countries is spurring this 100-percent initiative to grow....
Alexander McQueen, Mercedes-Benz & Burberry all look to digital tools to bring stores to life, as Saint Laurent Paris debuts its first retail concept under Hedi Slimane
At McQ’s new Dover Street store, a mirror allows customers to take a picture...
The Survey Of Wealth And Affluence has been in existence for seven years, and details the nuances of lifestyle and spending patterns of three groups of Americans. It is produced by American Express Publishing, and the Harrison Group, a YouGov...
Many industries around the world have suffered from the recession, but a recent study is suggesting that the global luxury goods market will see an increase in revenue to end out the year, with a boost from holiday spending. Bain & Company, a leading advisor to the global luxury goods industry, released its “Luxury Goods Worldwide Market Study” projecting a 10% growth for 2012, bringing revenues up to around €212 billion (approx. US$276.5 billion). This particular market has seen a consistent rise, with 2012 being the third consecutive year that revenues have grown in double digits. More specifically, Asia-Pacific sales are estimated to grow by 18%; The Americas will see a 13% increase; and Europe will experience a 5% growth in revenue. By 2015, Bain projects that the luxury goods market will continue its steady growth and bring overall revenue between €240 billion (approx. US$313 billion) and €250 billion (approx. US$326 billion).
The hotel industry’s Boutique & Lifestyle Lodging Association (BLLA) named Joe McInerney its 2012 Person of the Year. The award will be presented at a ceremony during the association’s Leadership Symposium in Los Anglees, California, at the...
Independent artisans, cottage businesses and small-town U.S. entrepreneurs are having their day—actually, make it two days—in the spotlight October 17-18, 2012, with the inaugural Martha Stewart Presents American Made live event in Grand Central...
As with many ideas that have stood the test of time, the original idea of timeshare is a good one. It is the basis for mid level and high-end fractionals, for private residence clubs, and, arguably, for many equity and non-equity based destination...
The Ritz-Carlton name is widely associated with high standards and plush accommodations. In fact, the luxury hotel chain has more AAA Five Star Awards than any other hotel brand: a total of 28 properties out of 80 hold the prestigious recognition,...
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