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Chalhoub Group publishes the GCC Personal Luxury 2024: Unstoppable report
GCC Personal Luxury Market defies global trends with +6% growth
Chalhoub Group publishes the GCC Personal Luxury 2024: Unstoppable report, unveiling a comprehensive snapshot of the region's personal luxury market.
With an impressive USD 12.8 billion in retail sales in 2024 and an unstoppable year-on-year growth rate of +6%, the GCC continues to demonstrate resilience and momentum, in contrast to the global luxury landscape, which has faced an estimated decline of -2%.
This report highlights the region’s robust performance and signals a promising future for luxury retail in the Gulf Cooperation Council (GCC).
