Bain & Company

The Future of Luxury

Bain & Company’s Luxury Goods Worldwide Market Study outlines the pandemic’s drastic impact on the industry and points to a path to recovery. 
So, what does the future hold for the high-end market?

Regnum Carya, Antalya, Turkey

500 miles away, our country is at war. You wouldn’t imagine it here though, where despite warnings of terrorist attacks, the only immediate threat is running out of champagne. Antalya’s coastline is a tinny concentration of the photo albums you thumbed through as a child. There’s a sense of nostalgia and familiarity here, one that typifies the great British holiday: that hot-but-not-too-hot, different-but-not-too-different compromise to get on a plane and test our burdening Britishness against cultures that are generally friendlier, happier, less self-loathing, and not half as pretentious. But tourism has changed a lot recently, as has the world, and the simpering irony of sending a luxury-travel writer to this corner of…

Taveuni Palms, Fiji

It’s raining. What’s Plan B, Barry? “There is no Plan B.” Other than ‘the bride’s done a runner’, these are the last words you want to hear on your wedding day. But here we are: Taveuni Palms, north east Fiji, hoary clouds sagging low in the sky, and a tangible unease as we quaff champagne and smoke cigarettes, praying for the sound of patter to dissipate. We’d arrived the day before, landing at Matei Airport, which more closely resembles a wooden shack, where one man sits, glances at your passport and waves you through with a resounding ‘bula’. Colleen, one half of the husband-and-wife team who manage Taveuni Palms, is…