consumer trends

Travelers return to luxury hotels for the pluses

By Chris Keane, for USA TODAY When frequent business traveler Jeff Rosenthal left behind a shirt and an important document at The Ritz-Carlton in Singapore in May, the advantage of staying at a luxury hotel hit home. Unaware anything was missing, Rosenthal was in a Singapore airport lounge when the hotel called about an hour before his flight to Bangkok. "They rushed the document and the shirt to the airport and were able to get an Emirates airlines staff member to run it to me with 15 minutes to spare," says Rosenthal, a New York-based senior vice president in the...

Top 10 Consumer Trends for 2011

The 2011 consumer is branching out: mobile and online, making time for self-care to stay ahead and well. Consumers are reaching out to higher-end products, greener consumption if the price is right and experience-based consumption while considering purchases more. Brands need to tap into the on and offline cultural zeitgeist to best connect with their existing and potential customers. 1. DOLPHINS, YOUNG VALUE-SEEKERS AND OTHER FRESH TAKES ON THRIFT For consumers worldwide, thriftier lifestyles and considered purchasing, even when buying luxury, are now the norm, fuelled by the 24/7 'servant' that is online value checking. This is impacting on the...

Luxury Consumers Kept Spending Flat 1st Quarter 2011

Unity Marketing's measure of affluent consumer confidence, the LCI, and its tracking of luxury consumer spending send mixed signals about the luxury economy Mixed signals: that is what the latest Unity Marketing quarterly survey of affluent consumer confidence delivered for the first six months of 2011. On a positive note, the Luxury Consumption Index (LCI) rose 6.7 points, the highest rate of growth since first quarter 2010, to reach 82.8 points. However, today the LCI still stands below its highest post-recession level of 86.9 points it reached in Janaury 2010. Tempering luxury marketer's enthusiasm for the return of the luxury...

New NMI Data Shows that LOHAS Market Expanding With Eight in 10 Consumers Motivated to Purchase Green Products

Natural Marketing Institute (NMI) announced today the latest findings from its LOHAS Consumer Trends Database® (LCTD), the original and only global consumer tracking tool that explores sustainable consumption around the world through the LOHAS lens. With ‘green’ products increasingly becoming mainstream through the introduction of price-conscious options from players such as Walmart, Clorox, Safeway and others, consumers no longer feel bound to pay a premium price for environmentally friendly alternatives. This underscores the importance of investing in product innovation and continuing to diffuse hurdles to competitive pricing of green products. NMI will present some of these findings at the upcoming...

NMI Reports 2009 Health & Wellness Industry Sales at $125 Billion

Natural Marketing Institute (NMI) announced that retail sales within the U.S. consumer packaged goods health and wellness industry reached almost $125 billion in 2009, representing an overall growth of 5% over the previous year. This figure includes sales across all retail and direct-to-consumer channels for the six categories detailed below. These findings are part of NMI’s annual Health & Wellness Trends Database® (HWTD) research study, conducted in Q4 of 2009 among 5,607 U.S. households. While functional/fortified foods and beverages continue to represent the largest portion of sales, this category had the smallest growth rate (only 2%) over 2008. The majority...

US Spa Market 2010

Economic downturn hit spas – accustomed to years of double digit growth - hard. Spas now enter a more mature growth phase Science' and 'organic' brands have displaced 'beauty' brands in the spa channel and account for most sales Maintenance beauty replaces luxury treatments. Compact spa services attract the more convenience-oriented clients. The recession hit spas hard. Spas describe 2009 as a 'disaster'. Revenues fell 15% on the previous year. Such a drop shocked spas which had become accustomed to continuous expansion. A decade of double digit growth had led to oversupply of spas (saturation noted by Diagonal Reports in...