High-net-worth consumers plan to spend more on travel, dining and wine, and less on jewelry and handbags, in the second half of 2013, according to a new Luxury Institute survey.
The 2013 State of the Luxury Industry report surveyed 504 consumers with net worth of at least $5 million and minimum annual household income of $200,000 to learn about current preferences and future spending of luxury goods and services for the remainder of the year.
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