The 3 L : Leadership, Lifestyle & Luxury

As per an encouraging statistic shared by the Boston Consulting Group and published at BOSS magazine, the personal and experiential LUXURY market is expected to grow to €1,135 billion by 2022 from €845 billion in 2015. And the top end luxury market will reach to €365 billion in 2022 from €245 billion in 2015.

Talking about Leadership, Lifestyle & Luxury on LinkedIn is talking about Vin Lee, one of the influencers I follow and with whom I do enjoy sharing content on this network.

Creating a sense of purpose over pure conspicuous consumption allows one to experience luxury in the modern world believes Vin Lee. Whereas varying cultures define luxury depending upon its demographic and geographic locations.

Led by the dynamic leadership of Vin Lee the commodity-centric luxury portfolio of Grand Metropolitan is of traditional artisan skill and artistry. Consisting of precious metals and stones, tobacco leaf, wood and fabric furniture crafted using cutting-edge technology is the key to its phenomenal success. Where pure luxury is only attainable by the minority and aspirational for the majority Vin Lee's most significant task was creating an organization that can illuminate each brand in the best possible light.

TIME is the number one LUXURY on the list for a majority in this new generation: millennials. To them, every second count in today’s fast-paced career-driven society, hence sharing great experiences is a TOP PRIORITY.

LEADERSHIP could provide a LIFESTYLE for people to enjoy a luxurious way of life, understood as a new “CARPE DIEM” for the 21st century.

Let’s help create emotions and unforgettable memories which will remain with our patrons for life. It is the primary objective of everyone in the hospitality industry to get leaders who can create new concepts like “Boutique Hotels.” It is a concept designed by famous Architects and Top Interior Designers. It makes your stay at this type of luxury Hotel simply "UNIQUE" and pleasurable, and hence investments in this luxurious segment are currently booming.

Our quest for the ultimate luxury has led us to who's who in the design and hospitality industry. For Miguel Milá the greatest luxury is comfort whereas for Patricia Urquiola the quintessential designer the real luxury is time; more precisely being able to control time and not be controlled by it.

Expressing her views, the global brand officer for Marriott International, Tina Edmundson, considers luxury as a Launchpad for self-actualization wherein you can reach your goals and do what you want to do.

For us, at FEDE the SWITCH & LIGHT TAILOR, authentic luxury lies in the details, and it has always been our main purpose to provide “UNIQUE” SWITCH & LIGHT collections and know-how to make bespoke lighting at the service of prestigious luxury hotels, palaces, mansions and residences across the globe.

Switching on the light could be also a memorable experience when you touch, turn, push or even caress our exclusive metal light switches. As we say: Beautiful switches for beautiful people!

Growing investment in luxurious hotels:

The start of festival seasons leads people to plan for holidays, outings, travel spots and vacations. While staying out of their homes, the first preference is luxury hotels. We now have multi-channel hotel chains, which are showing exponential growth in the luxury hotel market around the world. Regular short breaks adopted by consumers have given a tremendous boost to the luxury hotel market. While the budget chain sector is increasingly dominant also has numerous opportunities for other tiers and branded concepts as well as unique, independent establishments. Competitors like Airbnb is growing, and hoteliers should welcome this change and raise their standards by competing not only on price but also on the services giving an unforgettable and pleasurable experience.

Of late there has been a growing investment in luxurious properties like hotels, restaurants, villas, castles and so on. Let us look at some of these segments.

If you are planning to invest in a luxurious real estate, have a look at the given below list:

1. Monaco, Monaco: ￡33,602 per square meter

Monaco is a sovereign city-state, country, and microstate located on the French Riviera in Western Europe.

2. London, United Kingdom: ￡12,947 per square meter

Standing on the River Thames in the south-east of the island of Great Britain, London has been a significant settlement for two millennia.

3. Hong Kong, Hong Kong: ￡12,201 per square meter

The Hong Kong Special Administrative Region of the People's Republic of China is an autonomous territory on the eastern side of the Pearl River estuary in East Asia, south of the mainland Chinese province of Guangdong, and east of the administrative region of Macau.

4. Paris, France: ￡11,410 per square meter

Paris is the capital and most populous city in France, with an administrative-limits area of 105 square kilometers (41 square miles). It is primarily known for its museums and architectural landmarks.

5. Singapore, Singapore: ￡10,565 per square meter

The Republic of Singapore is a sovereign city-state and island country in Southeast Asia. It is global commerce, finance, and transport hub. Its standings include the most technology-ready nation (WEF), top International-meetings city (UIA), a town with “best investment potential” (BERI), and the second-busiest container port.

6. Moscow, Russia: ￡8,787 per square meter

Moscow is the capital and most populous city of Russia. According to Forbes 2013, Moscow has been ranked as the ninth most expensive city in the world by Mercer.

7. Tokyo, Japan: ￡8,752 per square meter

Tokyo Metropolis is the capital city of Japan and one of its 47 prefectures. Tokyo was ranked first in the Global Economic Power Index and fourth in the Global Cities Index.

8. New York, US: ￡8,482 per square meter

New York is a global hub of business and commerce. The city is a major center for banking and finance, retailing, world trade, transportation, tourism, real estate, new media, traditional media, advertising, legal services, accountancy, insurance, theater, fashion, and the arts in the United States.

9. Mumbai, India: ￡8,158 per square meter

Mumbai is the capital city of the Indian state of Maharashtra. It is the financial, commercial and entertainment capital of India. It is also one of the world’s top ten centers of commerce regarding global financial flow.

10. Geneva, Switzerland: ￡7,565 per square meter

Geneva is the second most populous city in Switzerland. It is a global city, a financial center, and worldwide center for diplomacy due to the presence of numerous international organizations, including the headquarters of many of the agencies of the United Nations and the Red Cross.

11. Rome, Italy: ￡6,153 per square meter

Rome is the capital of Italy. It also serves as the capital of the Lazio region. It is a business district, called EUR, is the base of many companies involved in the oil industry, the pharmaceutical industry, and financial services. It is also a significant fashion and design center.

12. Athens, Greece: ￡5,312 per square meter

Athens is the capital and largest city of Greece. It is a vast cosmopolitan metropolis and central to economic, financial, industrial, maritime, political and cultural life in Greece.

13. Helsinki, Finland: ￡5,198 per square meter

Helsinki is the capital and largest city of Finland. It is Finland’s major political, educational, financial, cultural, and research center as well as one of northern Europe’s major cities. Approximately 75% of foreign companies that operate in Finland have settled in Helsinki.

14. Bermuda: ￡4,982 per square meter

Bermuda is a British Overseas Territory in the North Atlantic Ocean. Bermuda’s economy comprises of marine insurance and reinsurance, and tourism, the two most significant economic sectors.

15. Luxembourg, Luxembourg: ￡4,742 per square meter

The Grand Duchy of Luxembourg is a landlocked country in Western Europe. Being ranked as having the second highest per capita GDP in the world at $80,119 (PPP), it is a city having banking and administrative institutions.

16. Taipei, Taiwan: ￡4,493 per square meter

Taipei is the capital and an exclusive municipality of Taiwan (officially known as the Republic of China, "ROC"). It is the political, economic, educational, and cultural center of Taiwan island, and one of the major hubs of Greater China.

17. Tel Aviv, Israel: ￡4,435 per square meter

Tel Aviv is the second most populous city in Israel (after Jerusalem) and the most populous city in the conurbation of Gush Dan, Israel's largest metropolitan area. According to Forbes, nine of its fifteen Israeli-born billionaires live in Israel; four live in Tel Aviv and its suburbs.

18. Sydney, Australia: ￡4,398 per square meter

Sydney is the state capital of New South Wales and the most populous city in Australia and Oceania. The Global Economic Power Index ranks Sydney number eleven in the world. The Global Cities Index recognizes it as number fourteen in the world based on global engagement.

19. Shanghai, China: ￡4,380 per square meter

Shanghai is one of the four direct-controlled municipalities of China and the most populous city in the world, with a population of more than 24 million as of 2017. It is one of the leading industrial centers of China, playing a pivotal role in China’s industries.

20. Toronto, Canada: ￡3,904 per square meter

Toronto is the capital of the Canadian province of Ontario. It has a high concentration of banks and brokerage firms on Bay Street, in the Financial District. The Toronto Stock Exchange is the world’s seventh-largest stock exchange by market capitalization.

Sources: Boss magazine, Houzz, Best Interior Designers, Luxury Hospitality Daily, HOSPITALITY & TRAVEL INDUSTRY, #1 Group for Tourism, Hotels, Luxury, Wellness, Food, Spa