Luxury


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Luxury

A good or service not considered essential. Examples of luxuries include massages, gold watches and sail boats. Luxuries are often, but not always, fairly expensive. Luxury industries tend to be fairly prone to hard downturns during a recession. For example, if one is concerned for one's own job security, one is less likely to splurge on a massage. However, some luxury products, such as custom yachts, are considered recession-proof because they only appeal to the ultra-wealthy, who remain wealthy even in hard times.
References in periodicals archive ?
The Luxury 100, a unique initiative that marks the country's and the region's only list of iconic luxury products of the year, is a superlative compilation or a consolidated "List of Lists" that embodies the spirit of luxury.
With Indians increasingly travelling abroad, their awareness about luxury brands is on the rise.
In itself, The Luxury 100 has already become the Sultanate's most prominent luxury awards night, while The Luxury 100 limited edition coffee-table book is already being called a must- have by the most renowned purveyors and consumers of luxury.
It would seem that increased interest rates are inevitable and this will have a significant, if mostly psychological, impact on the luxury market.
This isn't the first time BMW and Mercedes have tried introducing luxury hatchbacks.
Under the luxury automobile limits, a vehicle with a valid business purpose cannot be fully depreciated over the standard five-year recovery period.
For historians of luxury, consumption, and eighteenth and nineteenth-century sociability, several essays highlighted in this review should prove useful and provocative.
Of course, governments have tried without much success to restrict luxury spending through the use of sumptuary laws and luxury taxes (many of which were more aimed at reinforcing class distinctions than at reducing social waste) at least since the days of the Roman republic.
Lincoln introduces its new Mark VIII, joining the Continental, already one of the most technologically advanced luxury cars produced.
to turn eight of its 62 properties into luxury centers under the name ``Lumenati.