Why experiential luxury is seeing a renaissance in the Asia Pacific

In a remarkable rebound from Covid-19, the luxury food-service sector has emerged as the fastest-recovering segment within the Asia-Pacific luxury market.  According to the latest report by Euromonitor International, this sector experienced an unprecedented growth rate of 51.1 per cent from 2021 to 2022, reflecting a profound shift in consumer preferences towards luxury experiences that offer both indulgence and novelty.  With a forecasted market value of US$106 million in 2023, luxury

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