Marketing
December 18, 2017
Younger consumers tend favor experiences over things. Image credit: Luxury Institute
By Danny Parisi
While 2017 was a solid year for luxury, 2018 is projected to see slight increases to total spending, with most of the growth coming from travel-related purchases.
{"ct":"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","iv":"d4bd9c106e2d320832b4e96001ee4906","s":"e913cb1c42d1d48f"}
Share your thoughts. Click here