Global luxury revenue edges up 0.6% in first half of 2026, Deloitte survey finds

Personal luxury goods led the rebound with a 0.9% gain, while an aggregate of other luxury segments — spanning furniture and homewares, luxury hotels, private jets, restaurants, luxury cars and yachts — advanced 0.4%.

The findings come from a Deloitte poll of about 50 private equity fund representatives and 119 luxury companies, which together generated roughly $941 billion in revenue in 2025. The surveyed businesses operate across apparel and accessories, watches and jewellery, cosmetics and fragrances, luxury cars, luxury hotels, private jets, cruises, furniture and houseware, yacht building, and restaurants.

The prior year was markedly weaker: industry revenue fell 2.4% in 2025 and EBITDA dropped 9.5%. Deloitte attributed the slump largely to poor results in the luxury car segment, which dragged down the wider industry's performance.

Investor sentiment is shifting. Some 75% of private equity funds said they are willing to invest in the fashion and luxury segment in 2026, which Deloitte described as a sign of renewed confidence in the sector.

"The fashion and luxury segment is proving to be of great interest to investors," said Elio Milantoni, senior M&A partner at Deloitte Advisory in Milan. He added that cosmetics and fragrances are becoming increasingly attractive to investors and that there is growing focus on luxury catering.

The report also points to a luxury market that is becoming more polarised, with performance diverging across categories and buyer groups.