Luxury retail trade in Australia earns record $6.2B in 2023: CBRE

Featured News

Luxury retail trade in Australia earns record $6.2B in 2023: CBRE
Industry SectorsNewsResearch
  • 📰 LuxuryDaily
  • ⏱ Reading Time:
  • 26 sec. here
  • 21 min. at publisher
  • 📊 Quality Score:
  • News: 80%
  • Publisher: 59%

Rebounding tourism and a rise in wealth is driving sector growth in cities such as Sydney, Brisbane, Melbourne and Perth, experts say.

The country's luxury industry is gaining ground as international tourism recovers and high-net-worth citizens continue to build wealth. Image credit: Four Seasons Hotels & Resorts SydneyNew data reveals the appetite for personal luxury goods remains strong in global markets that have traditionally flown under the radar.

{"ct":"1nxp/HSAEXuLQ9HTyKdI92+7kpSE+BXuYxN3AUIYV7/62RO0bbVkcNUbd2PeNRlkCfeLuyFxw1W781T+TPK7d9Zm7bmK7Tpi6j/d4tpOisYDuJm/lQvzVXj2U/vNpHAKTBvDVsJFreUBLzN5Xz+0EXNWf38fcg3c1HLbba3g3Ec1yBW9ZSeyA0PN/AO7Z3aElpGwv0ge0/Hb8zERR5ikT4K1Yvh2Xb4Oe7N4KPjI5yA3RvhMWiNsRdJtVG2WMbpSMpnhmXXiW9hQ1U8V1MeWS51kZK1Amos8qxXaQD2Y6ek2oxnJ3toW0BXqPo972DnjPA7ueJH6XlOghlTsxMNK+IFIdO/BICv5Ac6kbCwgUOcr5m2Z4owBolvkBCiLpDld0VGY8drY2AyXhnIOWvnwKnZr0VmNP74IzM6kYAKTX8U7VEK1arp5NtJ/hqUw9M0gtx3SwhUh3FhMUBLdWWYwHvSeqMnTy2

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

LuxuryDaily /  🏆 325. in US

Industry Sectors News Research Retail Australia Cbre Cbre Australia Cbre Luxury Retail Australia Cbre Report Luxury Airport Luxury And Australia Luxury Fashion News Luxury Marketing Luxury News Luxury Report Luxury Retail Australia Luxury Retail News Research Retail

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DATA: Arizona crash data, trends over the yearsDATA: Arizona crash data, trends over the yearsADOT releases 2023 traffic statistics, showing slight decline in traffic deaths from 2023
Read more »

Luxury Unfiltered: The imperative role extraordinary experiences play in elevating luxuryLuxury Unfiltered: The imperative role extraordinary experiences play in elevating luxuryLuxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top five Luxury Key Opinion Leader” by Netbase Quid.
Read more »

Luxury Unfiltered: Why Western luxury brands fail in ChinaLuxury Unfiltered: Why Western luxury brands fail in ChinaLuxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top five Luxury Key Opinion Leader” by Netbase Quid.
Read more »

Nets teardown puts spotlight on pair of 2023 first-round picksNets teardown puts spotlight on pair of 2023 first-round picksThe Nets’ trade of Mikal Bridges opens up opportunities for young players like Noah Clowney and Dariq Whitehead.
Read more »

Tribal Gaming’s Gross Revenue Grows by $1B in FY 2023Tribal Gaming’s Gross Revenue Grows by $1B in FY 2023All eight regions, encompassing 527 tribal-owned, operated, or licensed gaming establishments across 29 states, saw an uptick in annual profits.
Read more »

Tribal Gaming’s Gross Revenue Grows by $1B in FY 2023Tribal Gaming’s Gross Revenue Grows by $1B in FY 2023All eight regions, encompassing 527 tribal-owned, operated, or licensed gaming establishments across 29 states, saw an uptick in annual profits.
Read more »



Render Time: 2025-02-15 02:01:26