Hospitality Is Eating Luxury’s Lunch and Leaving the Receipt on the Pillow.
🏨 Luxury brands are shifting focus to hospitality, as noted by Bain and Altagamma, emphasizing experiential value over conspicuous consumption. Omer Acar of Raffles Hotels states, "Luxury retail sells the dream but in hospitality, we deliver the dream." Aman Resorts in New York showcases this shift with urban tranquilly at premium prices. Julie Bramham, Diageo's MD, highlights a move towards experience-led value. Hospitality offers seamless, memorable experiences, driving consumer preference over traditional luxury goods.
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