AI, TikTok trends, and sports: What will luxury look like in 2024?

With every new year comes new luxury trends. Jing Daily breaks down what to expect in 2024.

A tapestry of trends is set to redefine the luxury industry this year.

Lessons from the past year will serve as a compass for navigating an era characterized by changing consumer behaviors, heightened focus on experiential moments, and the recalibration of e-commerce.

Last year, the global luxury market topped $1.6 trillion, growing between 8 percent and 10 percent across all categories. That same level of growth isn’t guaranteed for the next 12 months, spurring experts to predict that shoppers will become more frugal with their spending.

“2024 will redefine the meaning of luxury,” Daniel Langer contends in his latest column for Jing Daily. As a result, all eyes are on the rule breakers and disruptors who can successfully tap the conversation of the moment, including ‘out-of-the-box’ contenders unafraid to explore new technologies like artificial intelligence (AI) – albeit in accessible, digestible ways.

From non-fungible tokens (NFTs) to sports, Jing Daily spotlights the trends set to turn the tide of luxury in 2024 below. Continue to read the full article here