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 role do Generation Z and millennials play in the growth of luxury goods?

Which countries are identified as the biggest customers for luxury goods?