How Important Are Millennials in the Global Luxury Market?

The video discusses the growth of the luxury goods market, predicting an 8% increase in 2018 and similar growth in 2019. It highlights the impact of US-China tariffs on the market and the importance of consumer confidence, especially among high-net-worth individuals and younger generations. The video also covers the distribution of luxury goods, emphasizing the significance of Chinese and US consumers, who account for 65% of luxury spending. The focus is on capturing the travel spending of Chinese consumers and the role of European brands in the market.

What was the predicted growth rate for the luxury goods market in 2018?

• 12%

• 10%

• 8%

• 5%

Which factor disrupted the strong growth of the luxury goods market in 2018?

• Brexit

• US-China tariff issues

• Rising oil prices

• European economic slowdown

Which generations are contributing significantly to the growth of the luxury goods market?

• Generation Z and Millennials

• Generation X and Millennials

• Baby Boomers and Generation X

• Baby Boomers and Generation Z

Where are most luxury goods like Rolls Royce and Aston Martins produced?

• Europe

• China

• Japan

• United States

What percentage of luxury spending is attributed to Chinese and US consumers combined?

• 75%

• 65%

• 50%

• 85%