United Arab Emirates has the second largest economy in the Gulf Countries after Saudi Arabia. UAE is experiencing a surge in the inbound, outbound and domestic tourism flow, as it is a luxury-shopping destination. Market research reports suggest that the Luggage bagsmarket in the United Arab Emirates has increased rapidly due to the fashion-conscious consumers and continuous purchases of the products. Here consumers are also spending more on luggage due to frequent travel plans. The sales growth in bags and luggage sector has had a phenomenal rise due to all these conditions.
Dubai shopping festival and other events have caused almost all the huge luxury shopping malls to be jam packed with tourists.The renowned shopping malls are ‘The Dubai Mall’ with 1,200 outlets and ‘Mall of the Emirates’ with 520 outlets. Majority of the tourists are attracted to the personal accessories like shopping bags, luggage bags and the general purchase luxury handbags.
Consumers both local and foreign are attracted towards the luxury brands fuelling sales growth of branded bags and luggage. The sale of personal accessories is skyrocketing with strong current value growth. Many popular brands have come out with competitive prices that attract young and ambitious population within the country.