luxury spending

High-Earning Consumers Prefer Luxury Experiences Over Things
High-Earning Consumers Prefer Luxury Experiences Over Things
April 16, 2024  |  Consumer Insights

When it comes to living large, big earners like to splurge on making memories more so than on, say, a new handbag, PYMNTS Intelligence research...

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China’s Once-Dependable Tourists Are Growing Younger and Spending Less
China’s Once-Dependable Tourists Are Growing Younger and Spending Less
December 17, 2023  |  Consumer Insights

Chinese tourists are traveling again, but reportedly aren’t spending like they did before the pandemic. There was a time when the retail world catered to...

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Luxury Spending Continues to Slow Amid Geopolitical Uncertainty and Inflation
Luxury Spending Continues to Slow Amid Geopolitical Uncertainty and Inflation
December 13, 2023  |  Retail

A slowdown in luxury spending, combined with excessive inventory levels for the holiday season, has reportedly prompted fears of a discounting spiral that could cheapen...

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Adding Up Impact of TikTok’s Girl Math on Retail Spending 
Adding Up Impact of TikTok’s Girl Math on Retail Spending 
October 11, 2023  |  Retail

There’s a personal finance trend on TikTok that is reshaping spending habits humorously, and it’s being referred to as “girl math.”  So, what is girl...

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Consumption Becomes Controversial as One-Third of Consumers Won’t Quit Pricey Purchases
Consumption Becomes Controversial as One-Third of Consumers Won’t Quit Pricey Purchases
June 04, 2023  |  Consumer Insights

Affording luxury has taken on a new meaning, as many consumers have cut out all but the essentials.  As noted earlier this month (May 14) by...

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42% of Consumers Trade Other Luxuries for Travel
42% of Consumers Trade Other Luxuries for Travel
April 17, 2023  |  Consumer Insights

This installment of PYMNTS’ miniseries based around consumer spending patterns focuses on the travel sector. Getting away from it all has been one of the...

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One-Third of Consumers Don’t Plan to Cut Luxury Retail Spend
One-Third of Consumers Don’t Plan to Cut Luxury Retail Spend
April 17, 2023  |  Consumer Insights

This next installment of PYMNTS’ miniseries based around consumer spending patterns focuses on the luxury retail sector. One would think that as consumers pull back...

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Europe’s High Street Retailers Feel Loss of Chinese Luxury Shoppers
Europe’s High Street Retailers Feel Loss of Chinese Luxury Shoppers
August 26, 2022  |  Retail

Since the start of the pandemic in 2020, Chinese tourists — once the darlings of luxury spending on European high streets — have been such...

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