We will be looking at purchasing behaviour, motivations, media channels and brand preferences of the highly affluent consumers when it comes to purchasing premium and luxury products and services.
Being financially savvy, affluent Singaporean consumers allocate more of their cash to savings, insurance, and investments, and less to discretionary spending. Indeed, luxury brands are feeling the impact first hand, and most of them shifted their focus to luring incoming travellers from China, India, and Indonesia. The good news, however, is that the economy is improving, and Singaporean consumers are feeling more confident about their future finances.
PRODUCT CATEGORIES COVERED
Affluent Insights™ 2017-18 Luxury Study covers premium brands across the following categories:
- 105 Fashion & Accessories brands
- 81 Watch brands
- 66 Jewelry brands
- 82 Travel & Leisure brands
- 54 Skincare brands
- 84 Alcohol brands
Brand selection: For past purchase/ownership and future purchase plan questions, we have selected brands that are well-known luxury brands and/or are part of the competitive set of our subscribers’ brands. For brand image questions, we include subscriber brands, as well as, a sub-set of high-end luxury brands that have shown to be the most popular in our research.