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 market is expected to be driven by various growth-enhancing factors such as increasing air travel, growing demand for luxury watches among millennials, rise in e-commerce channels, etc.
With the resurgence of the Indian economy and the ongoing construction activity in this segment, there has been a concurrent rise in both end-user and investor demand for luxury real estate.
A panel discussion where issues affecting the growth and development of the Nigerian luxury sector were discussed followed Ogunlesi's keynote.
Personal luxury goods are driving growth The Middle East was not far off international standards of growth for personal luxury goods.
Luxury Connect has been amongst the first few to identify this surging task and set up IndiaaACAOs first and only Luxury B School aAC" Luxury Connect Business School (LCBS).
The financial services offered in partnership with Luxury Asset Capital represent another avenue to unlock the value in one's personal watch collection.
Nationally, luxury home prices and demand continue to rise
remained the fastest-growing luxury market, with sale prices up 21.2 percent since last May.
"We see a massive wave building up in how consumers perceive and purchase luxury, one that is going to change the luxury industry forever.
The report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in FY2016 (which we define as financial years ending within the 12 months to 30 June 2017).