127 – Luxury industry and economic certainty
💰 McKinsey forecasts luxury tourism spending will grow to $391 billion by 2028. Michelin Keys now rates over 7,000 properties. Private clubs are evolving, predicted to double by 2033. OpenAI suggests websites could be obsolete. Dutch VAT on hotels rises from 9% to 21% in 2026, pushing for innovation. Nike's campaign shifts focus from action to motivation. Despite economic uncertainty impacting luxury goods, aspirations for luxury persist, with Gen Z driving shifts in luxury consumption.
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