Those numbers are all across the entire population, while this site is only aiming at the high segment. The question is whether sales of the BMW X5, St. Emilion Grand Cru 1986 and the Bride Suite of the Ritz have also dropped.
Same thing going on in other (supposedly) rich peoples enclaves. and yes, High end champange's have been hit. As has the bride suite.
Now, the true high end market has not. But those people are not even watching your shitty cable tv show. They'll be calling quintesentially[1] and telling them to book a vacation.
I should also note that Bentley sales are down. But not across the board. Only the new-money models - continental gt/flying spur. So everything aspirational from your low end bmw 3-series,
all the way up to your nouveau riche Bentley's are being
slammed.
I don't have room to post my full analysis - I have
actually run serious numbers on this. But the
yuppie/aspirational class are really, seriously getting
smashed. I would not start a business based on their greed
and consumption right now.
Now would be a fantastic time to start a do-it-yourself channel
or travel/luxury on the cheap.
