“Tradition deserves to be preserved. But too many golf clubs use tradition as an excuse to avoid evolution.” That came from an interview this week with a club member for one of our consulting projects. He continued: “I play golf all over the world and belong to three clubs. The courses are world-class. Much of the experience around them still feels decades behind the clientele they serve.” That observation is more important than the industry realizes. Golf may be one of the c

I regularly talk with millionaires and billionaires as part of our client engagements and here’s one thing I hear time and again that should terrify most luxury brands. Ultra-high net worth (UHNW) individuals - founders, family office principals, business magnates – are changing their relationship with luxury. They are emotionally disengaging. They are no longer impressed. Many are actively bored. We heard the same sentiment repeatedly, “Every luxury experience today feels

[response to "In a Sea of Sameness, We're Choosing Control"] Luxury hospitality is entering a far more unforgiving era. Distinctiveness now has to outperform financially. What makes this strategically important for the Kempinski brand is not just ownership. It is the ability to control the economic engine of the experience itself. Most luxury hospitality groups are still treating experience and profitability as competing forces. One side protects the P&L. The other protects t

The branded residence sector is projected to exceed $1 trillion in value globally by 2030. This is no longer just a real estate category. It is becoming one of the most important luxury experience categories in the world. I’m honored to join the judging panel for the inaugural Global Branded Residence Awards, hosted by Boutique Hotel News, taking place this October in Dubai, alongside an extraordinary international panel representing some of the most influential names across

Luxury brands almost never recover once they teach the public they want attention. Which is why the AP x Swatch collaboration is so interesting. The luxury industry is discussing this as though it is a “good collab” or a “bad collab.” It is neither. It is a category decision. Luxury brands are increasingly splitting into two completely different strategic groups: Cultural Scale Brands and Prestige Distance Brands. Those are fundamentally different luxury equations. And whethe

Most industries are catastrophically underprepared for the fact that women are expected to control roughly 70% of the $124 trillion wealth transfer now underway. And the consequences are going to hit far harder than most executives realize. Because this is not simply a wealth transfer. It is a decision-making transfer. Wealth management will feel it first. Then luxury hospitality. Then wellness. Then private banking. Then travel. Then retail. Then every industry where experie

Luxury brands are making a dangerous miscalculation: they believe they are far more differentiated than they actually are. I was speaking recently with the GM of a luxury hotel who proudly described their Baccarat chandeliers. Around the same time, the Captain of a luxury yacht walked me through their mid-deck meditation garden. The problem is not that these things are unimpressive. The problem is that nearly every serious competitor now has their own version of the same form

This UHNW misunderstanding is costing luxury and ultra-luxury brands. Luxury brands are misunderstanding one of the most important behavioral traits at the highest levels of wealth. As wealth increases, the desire to visibly belong often decreases. Despite spending enormous amounts of time and money studying high-net worth consumers, luxury brands misunderstand this constantly. Aspirational affluent, emerging affluent, and emerging millionaire consumers are highly open to tas

Last week I was asked to anchor a private beauty industry dinner on the future of experience in luxury retail. There was near-universal confidence in the room that loyalty is getting stronger. The data says the opposite. True brand loyalty fell to 29% in 2025, a 5-point drop from 2024. Nine out of ten executives believe it is growing. Only four in ten consumers agree. That is a delusional reality gap. And it is not a beauty problem. It is what happens when entire categories o

The challenge is simple: four technical peaks across three days, and two nights’ camping at 16,000 feet. I use the word "camp" loosely, because I will be moving against summit windows and daylight with very little margin for anything else. Four peaks in that timeframe, each with an ascent and descent, at the elevations I will reach, demands that every hour is accounted for before I ever start. This is sixty days out, and our work dictates I have a full client schedule between

We surveyed over 100 luxury boutique hotels, 90% failed our standard in this one area. The shift happening with luxury boutique hotels is undeniable: travelers are trading scaled predictability for individuality, design, and a sense of place. Demand is not the question. For any market, the pattern traditionally follows four stages: 🔹 The opportunity is Unseen. (below the radar) 🔹 The opportunity is Unlocked. (capital moves in) 🔹 The offering is Engineered. (assets are acqu

Let me tell you what "be experiential" actually means in practice: nothing. It means absolutely nothing. It is a sentence that sounds like strategy and requires nothing of the person saying it. The same goes for "create emotional connection" and "personalize every touchpoint." These statements have occupied every conference stage, every strategy deck, and every LinkedIn feed for thirty years. The vocabulary has not changed and neither has the outcome, because execution is a f

"When you buy a luxury product or book a luxury voyage or trip, who handles the wait best, and who handles it worst?” The answer impacts revenue. We have interviewed hundreds of luxury yacht, cruise, aviation, and hospitality guests at the top of the market over the last 12 months. Much of this commentary came during projects in other luxury sectors, but the answers to that question were telling. Worst: branded yacht, luxury cruise, aviation, and luxury hospitality. Consisten

Almost none strive to be indispensable. That distinction is now defining. Those are not versions of the same thing. Memorable is an outcome. Necessary is architecture. The reason almost no luxury brand has built for necessity is that the industry defined itself, from the beginning, as the opposite of essential. That self-concept is now a competitive liability. Indispensable is the new competitive moat. A client who loved the experience will come back. Until something better a

The wealthiest demographic in the world is growing faster than anyone predicted. Millionaires and billionaires now number over 41 million globally and that population is projected to grow another 31% by 2030. And the harder it gets to win in this space, the more organizations fall back on the one thing that guarantees they won't: treating it like a homogenous segment. UHNW and HNW are not segments. They are financial thresholds that tell you almost nothing about how a person

I wrote this piece after joining one of the world’s most exclusive private clubs and experiencing, firsthand, the gap I see across ultra-luxury brands every day: extraordinary assets, serious standards, global prestige, and a human experience that does not fully carry the weight of what was built. Do not mistake this for just a private club story. It applies to ultra-luxury hospitality, wealth management, branded residences, private aviation, luxury retail, concierge healthca

The satisfaction scores were outstanding, yet the $18 million luxury home project told a very different story. I'm sitting across from the CEO of one of the most respected high-end custom builders in the United States. Luxury homes starting at $4.5 million. Fully bespoke. Every detail considered. He walks me through everything his organization has built. His teams have read Unreasonable Hospitality and Fandom. They've been through Disney Institute training. Survey scores sit

Seventy. Seven. Zero. The number of fellow billionaires your client will personally brief, for or against you, before you ever know it happened. And that conversation is already taking place in a room you will never be in. The luxury industry's response to one of the most consequential referral networks on earth? Confidence that they've already figured it out. Most brands will point to their butler service. Their bespoke concierge catering to their every desire. Their persona

A private wealth client told me recently that their family has had the same travel advisor for fourteen years. JPMorgan just acquired a luxury travel firm to try to compete with her. The Wall Street Journal ran it as a strategy story. We read it as a warning. We just published a case study on our experience architecture work inside private wealth management. We know this space from the inside. Here is what is actually happening. The Great Wealth Transfer is moving $100 trilli

The UHNW luxury client has changed faster in the last two years than in the previous ten. New wealth creators, generational transfer, entirely different expectations. The experience most organizations are delivering is not keeping pace with the change. The consequences for luxury brands relying on legacy experiences has never been more significant. Each of these five organizations below understood this and were already wrestling with that shift, in five different industries,