Luxury in China

 out23 premium mass in question and Raffles shining bright Galaxy has upped the game. According to gaming expert  Ben Lee , the new Raffles Hotel has “reached a whole new level of luxury gaming”, pushing the other five operators to innovate and compete in a new echelon they haven’t yet faced. Meanwhile, Macau’s 3Q23 results, as announced by the city’s gaming watchdog, show few surprises, as mass dominates – while raising questions over what exactly premium mass is. Ben Lee, Managing Partner, IGamix “This property has set a new bar for others to emulate,” notes the  IGamiX  Managing Partner. The initial strong success of Wynn’s luxury-based model paved the way for Macau gaming operators to seek higher ground, a strive that Lee opines has been stagnating in recent years, as a mass market focus has taken hold. The new player in town could be worrisome to the VIP and premium mass handle of other operators, as players are seeking the latest and greatest, already familiar with Macau’s curren

 set23 There is a phenomenon that females take luxury travel with their girlfriends. However, researchers rarely noticed overlaid the girlfriend getaway (GGA) with luxury travel. This study aims to determine female luxury travel experiences and their effects on travel satisfaction and subjective well-being. It derives five dimensions of the female luxury travel experience (escapism, happiness, luxurious leisureliness, personal enrichment and sense of connection) from literature. The results of a systematic survey of 286 female travellers in Macau indicate that all dimensions except for escapism significantly affect satisfaction, and all dimensions except for luxurious leisureliness significantly affect subjective well-being. Satisfaction only mediates the effects of a sense of connection on subjective well-being. A multi-group analysis is conducted to compare the results from women with three types of demographic characteristics (single vs married, low-income vs high-income, low-consum

  LUXURY BRANDS EYE LOCAL TO COPE WITH ENVIRONMENT CHANGE  -  WEDNESDAY, SEPTEMBER 20, 2023 - 13 HOURS AGO  NO COMMENTS  967 VIEWS L ocal  premium fashion brands boutiques have begun targeting local shoppers amid changes in the financial environment, local media has reported. The value of the Chinese yuan has deflated over the past few months, in stark contrast to the last fifteen years, and is now trading at similar amounts to the local currency. Previously, mainland Chinese shoppers were frequently enjoying a saving of 20% when purchasing items from these brands in Macau due to exchange rates and taxes. Fewer mainland tourists were shopping in Macau in September when compared with in August, according to a report by local media Macao Daily News. It cited an unnamed sales assistant as saying that the deflation of the yuan is having an impact on sales. Many mainland tourists who do not urgently need new clothing items have decided to defer such purchases. It was also reported that afte

 set23 The Macau SAR remains an attractive luxury destination in the region thanks to a mix of location, luxury hospitality and fine dining offerings, luxury consultant Daniel Langer told Asia Gaming Brief. “I think the potential is extremely high. The Southeast Asian region will continue to see disproportionate growth and wealth creation and Macau, due to its strong focus on luxury hospitality and fine dining has created an incredible place where people travel, enjoy entertainment and spend money. To me it’s a combination of location, a unique nature, and infrastructure,” Langer told AGB. Langer  is the CEO of the luxury, lifestyle and consumer brand strategy firm  Équité , and the executive professor of luxury strategy and pricing at Pepperdine University in Malibu, California. The consultant stated to AGB that some of the SARs advantages were its strategic location in the “heart of Southeast Asia, a region that is experiencing rapid economic growth and wealth creation” and is easily

 https://www.macaubusiness.com/w-hotel-opening-contributes-to-increase-in-sar-luxury-entertainment-offerings-studio-city-vp/

 https://fitm.cityu.edu.mo/en/page-254