luxury

India’s Leela Palaces pins fiscal 2027 growth on luxury room shortage, affluent demand

The supply of luxury hotel rooms is limited at around 30,000 keys in the world’s most populous country, according to its CEO

High Star Ranch is set along the Uinta Mountains that has trails for horseback riding, mountain biking and hiking and fishing ponds.

High Star plans US$100 million bond sale for luxury Utah resort

The development plan includes 168 single-family residences, 150 condos along with 45,000 square-feet of retail space within the condo building

A separate index tracking pre-owned Patek Philippe prices has gained 18% since the start of 2025, compared with a 10% rise in the Rolex index, according to Subdial

Top-tier Patek Philippe models drive gains in second-hand market

Subdial also says that the steep rise in raw material prices, including gold and silver, was affecting the market

L’Oreal has proven resilient to the consumer slowdown in part because of its broad range of offerings, from specialist skincare products to mass-market makeup.

L’Oreal sales lag estimates on soft performance at Luxe division

Its results improve in the second half of 2025, but are curbed by a slump in the travel retail business in Asia

Horses rule hongbao this year.
CHINESE NEW YEAR

Horsing around: 12 fabulous red packets to collect this Year of the Horse

Feast your eyes on the gorgeous designs this festive season

Consumer confidence in China, which accounts for about a quarter of luxury spending, has been hit by a prolonged property crisis and job concerns.

China luxury market forecast to rebound in 2026: Bain

This is due to a growing middle class, rising consumer confidence and policy measures that spur domestic consumption

Marina Bay Sands' revenue is up 41% at US$1.6 billion, including a 52% jump in casino revenue to US$1.2 billion.

MBS Q4 earnings surpass S$1 billion to set new record

The property still has potential to keep growing, says parent company LVS

Recent data shows Nanjing Deji Plaza (above) has leapfrogged long-time leader Beijing SKP to become China’s top-performing luxury mall.

First-class goods in second-tier cities as luxury goes local in China

Luxury spending in second-tier cities exceeding first-tier

Luxury companies have been struggling to bounce back from a slump that followed a post-pandemic boom.

LVMH suffers sluggish sales of high-end fashion and handbags

In uncertain times, consumers see gold necklaces, bracelets and the like as better stores of value than trendy handbags