Hong Kong economy grows steadily in 2017 with the support of the broad-based global economic upturn and the improving visits from mainland Chinese visitors. This is evidenced by the findings that majority of affluent Hong Kong consumers are optimistic on their investment and their disposable income. Also, the appetite on luxury spending maintains at the same level of last year.
PRODUCT CATEGORIES COVERED
Affluent Insights™ 2017-18 Luxury Study covers premium brands across the following categories:
- 105 Fashion & Accessories brands
- 81 Watch brands
- 66 Jewelry brands
- 82 Travel & Leisure brands
- 54 Skincare brands
- 84 Alcohol brands
Brand selection: For past purchase/ownership and future purchase plan questions, we have selected brands that are well-known luxury brands and/or are part of the competitive set of our subscribers’ brands. For brand image questions, we include subscriber brands, as well as, a sub-set of high-end luxury brands that have shown to be the most popular in our research.
Are Hong Kong Millionaires spending as much on luxury as compared to their Chinese counterparts?