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Retail Chatter #10

What does the luxury experience in the Caribbean really feel like for at the moment’s consumer
As a luxury leader, my mission of finding new methods to engage the client and supply nice experiences is all the time high of thoughts. This time I found myself looking for it within the Caribbean.

Ferragamo Gancio Sneaker in Foam/GreyOn a latest journey to Barbados, I obtained to expertise first hand what luxury service appears like on this island. Most countries provide VIP companies upon arrival, I used to be curious to see if this was true for Barbados. The minute I touched down at the gate, I used to be ushered off the aircraft by a greeter. She escorted me to a waiting area, and navigated via customs and the retrieval of my luggage.

Every facet of this experience was nice – from the timing of getting off the aircraft to conversing together with her in regards to the fashion trade. Throughout our conversation, it was evident that she did her analysis that this industry is my trade. Her common threads had been quite spectacular.

I used to be offered freshly cut coconut water. And, boy, did I enjoy drinking it while sitting in the consolation of the out of doors house at the airport people watching and taking in the tropical Salvatore Island breeze. Little doubt this was strategically achieved so as to coordinate the timing of the driver’s curbside arrival without lacking a beat…and they succeeded.

This experience didn’t shock me within the least; particularly knowing that one among the primary drivers of the economy in the Caribbean is the service trade, particularly tourism. As a matter of fact, it accounts for three quarters of the Gross Home Product (GDP) in Barbados, with numbers of $349 Million spent on this space final year alone. Imagine how this 12 months will end because the luxurious real estate market is on an uptick.

This is obvious in different Caribbean Islands. Tourism on the island of Antigua is the most important sector of this nation’s financial ferragamo belt red white system, using about three-quarters of the work force. Antigua carries the torch in the lodge trade with resorts like Jumby Bay, which is certainly one of six five-star accommodations in the area. Nonetheless, an absence of designer manufacturers and luxury buying is a missed alternative, especially as it holds one of the Caribbean’s highest GDP, at $23,000.

In Jamaica the service sector contributes to round 70% of GDP and tourism employs one out of every ten staff. While the Bahamas service sector has seen regular development over the past decade, which contributed to the motion of individuals from fishing and farming villages, to industrial centers similar to: New Providence Island, Grand Bahamas and Nice Abaco, in keeping with Euro monitor. This population shift has once more proved that the island’s financial dependence is on the service business.

As well as, the competition within the luxury service market is becoming more intense between tourism-driven international locations within the Caribbean and people with excessive-income family competing with different low-value regional destinations like Jamaica, the place investment in luxury tourism is more and more rising steady.

As I continued my journey in Barbados to seek out nice luxurious service, I entered the gorgeous indoor/outdoor middle known as Limegrove. Limegrove is residence to many designer retailers, corresponding to Louis Vuitton, Burberry, Cartier, Ralph Lauren and Michael Kors. I have been listening to about this heart for the past few years, however, on this hot Monday in August, I used to be on a mission to find exceptional service and luxury experiences for myself. I couldn’t assist however notice a few of the consumers carrying the most recent Louis Vuitton non-logo handbag, Celine, or Hermes Birkin baggage, however wearing Tory Burch flats or fancy sneakers on their toes.

Navigating from store to retailer, I found a common world retail situation: some sales associates are extra friendly and engaging, whereas others carried on in dialog as if I ferragamo belt red white used to be invisible. I had the pleasure of meeting the owner of Limegrove and watched him as he walked the corridors of this prestigious center. He stopped and stated howdy to everyone he encountered from staff to customers. His actions made me feel as if I used to be an invited guest who had entered his dwelling.

The Limegrove Centre can also be house to a boutique theater geared up with desk service, permitting friends to order meals, drink and champagne with one touch of a button. The sort of luxury leisure locations Limegrove within the distinctive service category.

I used to be equally impressed with the experience at two local luxurious resorts. From the time of arrival to departure, the Sandy Lane Lodge employees acted as if that they had identified me for many years. The heat, friendly, and seasoned employees on the Coral Reef Resort also made for a grand expertise.

Home and worldwide buyers boast in regards to the service trade in the Caribbean, so let’s not overlook that these countries are all duty free, which also adds to the consumer buying experience. Crystal Court outlets in Nassau, Bahamas, has turn out to be a vacation spot for luxurious consumers in search of timepieces from manufacturers like Bulgari, Cartier, and Rolex, in addition to, equipment from Ferragamo, Versace and Gucci.

The frequent thread for a retailer, hotelier or restaurant is nice service and experience; subsequently, in the Caribbean, the challenge is keeping the core values per its international counterparts. This is especially essential for luxurious retail, as most international manufacturers within the Caribbean are franchisees.

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