Now, 50 million luxury consumers have either ditched ... Bain & Company’s new annual luxury report warns. Only a third of luxury brands will end the year with positive growth, Bain posited ...

Hyatt Hotels Corporation last week during ILTM Cannes detailed its pipeline of over 50 luxury and lifestyle hotels set to ...

approximately 50 million luxury consumers have ceased buying iconic luxury brands like Dior, Burberry, and others, marking the first decline in luxury consumption since the Great Recession of 2009.

“These high turnover rates are extremely problematic for the industry given the essential role of ... [+] client advisors as competitive assets in the customer journey,” the CXG report states.