Spain’s luxury market to continue growth in 2012

Hotel Ritz Madrid, Spain

With the occasion of its latest reunion last week in Barcelona, Spain’s Luxury Association, which aims to develop the local luxury market as well as to support Spanish luxury brands to expand, announced that the Spanish luxury market will continue to consolidate in 2012. In 2012, according to Spain’s Luxury Association the Spanish luxury sector registered a 25% growth thanks to internationalization and the consolidation of manufacturing and logistics. Spain’s Luxury Association registered in 2011 the ”Luxury Spain” brand which, as a denomination, will serve to further promote internationally luxury made in Spain.