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Luxury retail trade in Australia earns record $6.2B in 2023: CBRE

Luxury travel and spending are rebounding as the global community recovers financially from the pandemic and converges on Australia. Image credit: Four Seasons Hotels & Resorts Sydney The country's luxury industry is gaining ground as international tourism recovers and high-net-worth citizens continue to build wealth. Image credit: Four Seasons Hotels & Resorts Sydney

 

New data reveals the appetite for personal luxury goods remains strong in global markets that have traditionally flown under the radar.