Presenting the seventh annual instalment of LUXlife Magazine’s Global Excellence Awards in 2023! Once again, we offer well-deserved recognition to businesses at all levels and subsections of the Luxury sector! By the end of 2023 the Luxury sector is expected to reach $1.2trn in total sales. Companies in this sector continue to show resilience in times of economic recession and recovery following international crises. Now that lockdowns have been lifted, luxury experiences are more available and a substantial portion of savings made by consumers during the pandemic are now being spent on personal comforts.
Luxury has become part of modern self-care, especially following a period in which access to luxuries was globally restricted. Consumer desire for high fashion, luxury experiences and exquisite food and beverages is rising, as the importance of seizing the day becomes clearer. Despite what many may believe, this sector is not only geared towards the ultra-wealthy. In fact, the larger share of Luxury goods consumers is those with modest incomes who wish to indulge themselves.
The Luxury sector is constantly evolving and requires an astute business leader with a clear vision to remain competitive. Brands who establish a dialogue with the younger generations and learn to appeal to current social values are commonly the global leaders in luxury. Additionally, in-store experiences, brand design and tech-savvy are all deciding factors in consumer engagement.
As with all our awards, the Global Excellence Awards 2023 are merit driven. Our Research and Judging team will not decide winners based upon company size, turnover or number of votes received. Neither are these awards restricted to household name brands with expensive products. Luxury is a multifaceted concept denoted by quality, craftsmanship and prestige rather than just price alone.
Businesses who show product innovation, expert branding and unbeatable customer service will stand the best chance of becoming a winner in the Global Excellence Awards 2023.
Should you impress our judging panel enough to win, you will be presented with an unmissable opportunity to promote your achievements by taking advantage of LUXlife Magazine’s global circulation of 94,000 industry professionals and high-net-worth individuals. In addition to benefiting from the reputation boost provided by our free-of-charge complimentary accolades, you will have access to a selection of optional promotional resources to truly capitalise on your moment of recognition. These accolades serve to inform your employees, stakeholders, and clients that you are firmly ahead of your peers.
So, if you believe that your business or a business you know of is worthy of recognition, please do not hesitate to submit a nomination by clicking the “VOTE NOW” link on this page. If you would like any further information regarding the Global Excellence Awards 2023, you can contact us at [email protected].