4
The recent Leaders of Luxury Summit 2024 has reinforced Hong Kong’s position as a global powerhouse for high-end commerce and tourism. With its unrivaled concentration of ultra-wealthy individuals and strategic gateway status, the city is poised to dominate luxury market growth in the Asia-Pacific region.
By the Numbers
- #2 globally for billionaire residents (Altrata 2024)
- 22.4% projected UHNWI growth by 2028 (Knight Frank)
- 25% of global luxury sales to originate from China by 2025
- 3x faster luxury market growth than Europe/North America
Strategic Advantages
Hong Kong offers luxury brands：
Advertisements
- Direct access to Mainland China’s booming consumer base
- A mature ecosystem of private banking and wealth services
- The highest density of luxury retail in Asia
- World-class hospitality and concierge infrastructure
Event Highlights
The Leaders of Luxury Summit showcased：
Advertisements
- Emerging trends in experiential luxury
- Sustainable innovation in high-end goods
- Digital transformation of luxury retail
- Next-generation consumer preferences
Related topics:
Advertisements
Global Surge in Dengue Fever Outbreaks: What Travelers Need to Know
Stay Safe This Festive Season: Essential Travel Tips for a Secure Holiday
Wendy Wu Tours Boosts Agent Support with Dual Sales Team Appointments
Advertisements
