Retail sales within experiential luxury will continue rising over the forecast period, growing at a current CAGR of 3% (2024 constant value CAGR of 1%) to reach SGD2.3 billion.
Growth for luxury hotels will benefit from innovations and new openings in Singapore. For example, Accor will continue to expand in Singapore, with three hotel brands set to open by 2027 through its long-standing partners, Fragrance Group Limited and Global Premium Hotels Limited, both owned by Koh Wee Meng.
Luxury food service has yet to be established in Singapore, with sales remaining negligible across the review period. Consequently, luxury hotels remain the key players in experiential luxury.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See All of Our DefinitionsThis report originates from Passport, our Experiential Luxury research and analysis database.
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