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Experiential luxury sales in China grew by 28% in 2011
BCG - Press Release - Well-Heeled Shoppers Speeding Up Shift from Products to Experiences in the Global Luxury MarketRelated Facts:
Luxury sales in China rose by 22% in 2011 more...
$350B is spent worldwide on luxury cars each year more...
$770B is spent worldwide on luxury experiences each year more...
$1.4T is spent worldwide on luxury items each year more...
Experiential luxury now makes up 55% of total luxury spending worldwide more...