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Experiential Luxury in Malaysia

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    Report

  • 19 Pages
  • October 2024
  • Region: Malaysia
  • Euromonitor International
  • ID: 4968476
Luxury hotels have continued see dynamic growth in current value terms in 2024 although sales still remain well below pre-pandemic levels. As part of efforts to support the recovery of tourism in Malaysia the government has initiated various incentives to attract visitors. For example, Malaysia has offered visa exemptions for passport holders of The People’s Republic of China from December 2023 to December 2024.

The Experiential Luxury in Malaysia report offers a comprehensive guide to the size and shape of the Experiential Luxury market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Experiential Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change

Product coverage: Luxury Foodservice, Luxury Hotels.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Experiential Luxury market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Luxury hotels continue on the path to recovery in post-pandemic Malaysia
  • Familiar international players lead luxury hotels in Malaysia with further investment being seen in 2024
  • Regenerative and sustainable tourism a key marketing strategy - especially for island destinations
PROSPECTS AND OPPORTUNITIES
  • New luxury hotels set to continue opening with Malaysia becoming an increasingly popular destination for wealthy travellers
  • Strong potential for luxury foodservice to establish its ground in Malaysia with surging popularity of luxury café and dining concepts
  • Sustainable travel options and online bookings two key trends to look out for in the forecast period
CATEGORY DATA
  • Table 1 Sales of Experiential Luxury by Category: Value 2019-2024
  • Table 2 Sales of Experiential Luxury by Category: % Value Growth 2019-2024
  • Table 3 NBO Company Shares of Experiential Luxury: % Value 2019-2023
  • Table 4 LBN Brand Shares of Experiential Luxury: % Value 2020-2023
  • Table 5 Forecast Sales of Experiential Luxury by Category: Value 2024-2029
  • Table 6 Forecast Sales of Experiential Luxury by Category: % Value Growth 2024-2029
LUXURY GOODS IN MALAYSIA
EXECUTIVE SUMMARY
  • Luxury goods in 2024: The big picture
  • 2024 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 7 Sales of Luxury Goods by Category: Value 2019-2024
  • Table 8 Sales of Luxury Goods by Category: % Value Growth 2019-2024
  • Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
  • Table 10 NBO Company Shares of Luxury Goods: % Value 2019-2023
  • Table 11 LBN Brand Shares of Luxury Goods: % Value 2020-2023
  • Table 12 Distribution of Luxury Goods by Format and Category: % Value 2024
  • Table 13 Forecast Sales of Luxury Goods by Category: Value 2024-2029
  • Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources