India, Nov. 24 -- Munich (dpa) - Luxury consumers are moving away from owning traditional status symbols like expensive cars, designer clothes and yachts, and are instead prioritizing luxury experiences, new research suggests. In a study published in November, consultants Bain & Company and Italian luxury goods association Fondazione Altagamma describe a "tectonic shift" toward luxury experiences such as hospitality cruises and fine dining. The research tracks "a persistent and crucial trend among consumers globally as they favour 'experiential indulgence' over past trends of 'conspicuous consumption' as new symbols of status, pivoting toward wellness, connection and self-reward." "After the shopping spree era, experiences and emotions have...