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Dr. Dominique Xardel
Co-founder of ViP CBO Academy
New Luxury Trends
and Experiences
In the luxury industry,
Europe and China . . .
China and Europe . . .
New Luxury Trends
and Experiences
Dominique Xardel
Customizing Traditions
and Innovations
• Traditional luxury : Objects luxury
• New luxury : Experiences luxury
• Industry total turnover : $ 230 billion
• $ 300 billion . . . . Or $ 1000 billion ?
In 2014, objects and experience
luxury industry
is estimated at $ 1000 billion
• In the world today,
• - $ billion people : 1500
• - $ million people : 11 million
• - Upper Middle Class in China : 475 million
Brazil, Russia, India : No official estimates
A few examples of Experiences
luxury :
- Upscale cars - prestige condos - private villas
- premium credit cards - palace hotels - palace
- hotels - glamping - yachts – concept stores -
- spas - bien être stores - risky sports - arts
experiences – personnalities encounters –
- Vip transports - Vip clubs – experience
packaging, etc. . . .
Luxury is used to establish, or increase differences
between people
Luxury Manufacturing
• - From « mass producing »
to « mass customizing »
- New services
Luxury pleasures
•- Authenticity
•- Fragility
•- Craftmanship
Which one is more important ?
• - Identity ?
• - Power ?
• - Ostentation ?
• Well,priority may be.. Enjoying to be myself !
New chinese luxury brands
• - Qeelin
• - Ne-Tiger
• - Montai
• - Longio
• - Chow Tai Fook
• - Shang Xia (Hermès)
Environment
• - Ambiances
• - Atmospheres
• - Spraying luxury
• Shoping malls , streets , special districts ,
• Artists , store design , movie clips , political
• Personnalities , sports stars , etc . . .
Cultures
• - Beauty
• - Arts
• - Curiosities
• - Culture values and news
The world of the new luxury
industry
• - A world of new values, services, emotions,
pleasures, identities, atmospheres, experiences
• - A world highly diversified
• - A world of endless innovations
As many other industries . . . .
• Luxury industries are a field of ruptures,
longevity, paradoxes, new customer
relatioships, new communication, new
business models, new focus on creativity.
• A really enthusiastic challenge!
Customization of
traditions and
innovations
Consumer’s shift
•From OWNING a luxury
•To EXPERIENCING a luxury
• Experiencing luxury is 55 % of
total luxury spending
• It is growing 50 % faster than
sales of luxury goods
( BCG , 2012 )
• US Consumers are 3 times more
satisfied with their luxury
experiences than their purchases
of personal luxury goods
• ( Unity Marketing Survey, 2013 )
The world’s « luxury map » is
changing . . .
• Moving outside big cities in China . . .
• By year 2020, more than 330 cities
will have the same level of
disposable income that Shanghai
had in 2010 ( BCG, 2013 )
• « Experiences are more
intangibles than an item, they
are more memorable for me »
• ( a consumer )
•Let us capitalize on the
experience trend !
“ Luxury is a necessity that begins where necessity ends. ”
Gabrielle 'Coco' Chanel
ARCHITECT
Bilbao Effect?
A visitor survey revealed that
82% came to the city of Bilbao
exclusively to see the museum
How architecture can
save a city…
HERMÈS (Séoul)
LOUIS VUITTON (Shanghai)
HERMÈS (Tokyo by Renzo Piano)
DIOR (Tokyo by agency SANNA)
LOUIS VUITTON (Tokyo by Jun Aoki)
ARCHITECTURE
inspires,
seduces,
leads
Luxury Houses
Agnès.b
-- $ 300 million
-- 2000 employees
-- 200 retail stores
-- Asia : 80 % of total turnover
-- Japan, Hongkong, Taiwan, Singapore
Agnès.b
-- Suppliers : China, North Africa
-- Made in France : 40 %
-- Stars : Gérard Depardieu
David Lynch
David Bovie
-- Art Galeries, exhibits, movies
• A Tree
• And A Canoe

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New luxury trends by Dr.Dominique Xardel (國際人ViP品牌領袖學院共同創辦人)

  • 1. Dr. Dominique Xardel Co-founder of ViP CBO Academy New Luxury Trends and Experiences
  • 2. In the luxury industry, Europe and China . . . China and Europe . . .
  • 3. New Luxury Trends and Experiences Dominique Xardel
  • 5. • Traditional luxury : Objects luxury • New luxury : Experiences luxury • Industry total turnover : $ 230 billion • $ 300 billion . . . . Or $ 1000 billion ?
  • 6. In 2014, objects and experience luxury industry is estimated at $ 1000 billion • In the world today, • - $ billion people : 1500 • - $ million people : 11 million • - Upper Middle Class in China : 475 million Brazil, Russia, India : No official estimates
  • 7. A few examples of Experiences luxury : - Upscale cars - prestige condos - private villas - premium credit cards - palace hotels - palace - hotels - glamping - yachts – concept stores - - spas - bien être stores - risky sports - arts experiences – personnalities encounters – - Vip transports - Vip clubs – experience packaging, etc. . . . Luxury is used to establish, or increase differences between people
  • 8. Luxury Manufacturing • - From « mass producing » to « mass customizing » - New services
  • 9. Luxury pleasures •- Authenticity •- Fragility •- Craftmanship
  • 10. Which one is more important ? • - Identity ? • - Power ? • - Ostentation ? • Well,priority may be.. Enjoying to be myself !
  • 11. New chinese luxury brands • - Qeelin • - Ne-Tiger • - Montai • - Longio • - Chow Tai Fook • - Shang Xia (Hermès)
  • 12. Environment • - Ambiances • - Atmospheres • - Spraying luxury • Shoping malls , streets , special districts , • Artists , store design , movie clips , political • Personnalities , sports stars , etc . . .
  • 13. Cultures • - Beauty • - Arts • - Curiosities • - Culture values and news
  • 14. The world of the new luxury industry • - A world of new values, services, emotions, pleasures, identities, atmospheres, experiences • - A world highly diversified • - A world of endless innovations
  • 15. As many other industries . . . . • Luxury industries are a field of ruptures, longevity, paradoxes, new customer relatioships, new communication, new business models, new focus on creativity. • A really enthusiastic challenge!
  • 17. Consumer’s shift •From OWNING a luxury •To EXPERIENCING a luxury
  • 18. • Experiencing luxury is 55 % of total luxury spending • It is growing 50 % faster than sales of luxury goods ( BCG , 2012 )
  • 19. • US Consumers are 3 times more satisfied with their luxury experiences than their purchases of personal luxury goods • ( Unity Marketing Survey, 2013 )
  • 20. The world’s « luxury map » is changing . . . • Moving outside big cities in China . . . • By year 2020, more than 330 cities will have the same level of disposable income that Shanghai had in 2010 ( BCG, 2013 )
  • 21. • « Experiences are more intangibles than an item, they are more memorable for me » • ( a consumer )
  • 22. •Let us capitalize on the experience trend !
  • 23. “ Luxury is a necessity that begins where necessity ends. ” Gabrielle 'Coco' Chanel ARCHITECT Bilbao Effect? A visitor survey revealed that 82% came to the city of Bilbao exclusively to see the museum How architecture can save a city…
  • 25.
  • 27. HERMÈS (Tokyo by Renzo Piano)
  • 28. DIOR (Tokyo by agency SANNA)
  • 29. LOUIS VUITTON (Tokyo by Jun Aoki)
  • 31.
  • 32. Agnès.b -- $ 300 million -- 2000 employees -- 200 retail stores -- Asia : 80 % of total turnover -- Japan, Hongkong, Taiwan, Singapore
  • 33. Agnès.b -- Suppliers : China, North Africa -- Made in France : 40 % -- Stars : Gérard Depardieu David Lynch David Bovie -- Art Galeries, exhibits, movies
  • 34. • A Tree • And A Canoe