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00:02Luxury spending is expected to rebound in 2026, driven mainly by experiences rather than goods,
00:09according to CNBC. Personal luxury goods sales are expected to grow between 1% and 4%
00:15to between $413.6 billion and $422.7 billion, according to a report from Bain & Company and
00:24Altagama. The report said Middle East tensions continue to weigh on sales, with Dubai yet to
00:30show signs of recovery after the Iran war. The U.S. is now the leading country for luxury goods
00:36growth for the first time since 2021, driven largely by aspirational consumers. Experiences
00:43are expected to grow between 3% and 7%, with dining, leisure, and entertainment bookings
00:49up about 30%. Travelers are increasingly choosing non-traditional, less crowded destinations
00:55and bespoke slow travel experiences, with travel to non-traditional locations up 20%.
01:00For all things money, visit Benzinga.com.
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