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”...
ago23 Mainland China’s designer brands market has developed significantly over the past two decades and this is giving greater competition to Macao’s luxury retail sector, which is heavily dependent on mainland Chinese shoppers. That’s the assessment of James Law, vice president of Macau Marketing Institute, who made a presentation on the topic on Wednesday at a breakfast gathering organised by the France Macau Chamber of Commerce (FMCC). However, “If Macao can keep improving its service standards and introduce more popular and exciting brands, like the niche perfume and fashion jewellery brands,” then it can remain competitive and continue to benefit from growth in the mainland’s luxury sector, Law added. James Law, vice president of Macau Marketing Institute, seen at a breakfast gathering organised yesterday by the France Macau Chamber of Commerce – Photo by Gilbert Humphrey In his introductory remarks, FMCC chairman Rutger Verschuren said: “If you look at the last 2...
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