Experience Economy

3 articles

Tourists actively participating in interactive cultural experiences within a vibrant marketplace, showcasing the shift towards the experience economy.

What is the experience economy and how does it reshape cultural consumption?

In Suzhou, China, a study of 305 tourists on Huaihai Street revealed that active participation in cultural commercial spaces significantly boosts both engagement and spending.

Yasmin El-Sayed·August 21, 2026

A diverse group of people actively engaged in various enjoyable activities within a lively urban setting, symbolizing the rise of the experience economy.

Trends

What is the Experience Economy and Why It Matters for the Future

U.S. spending on experiences surged an astonishing 65% from 2019 to 2023, even as inflation and economic anxieties loomed. This dramatic increase contradicts conventional expectations during financial

Eleanor Voss·August 15, 2026

Diverse group of people actively participating in various unique experiences, such as immersive art and virtual reality, showcasing the shift from material goods to memorable moments.

Trends

What is the Experience Economy and how does it reshape consumer behavior?

In August 2024, hospitality and leisure spending peaked at an unprecedented 37% of total consumer outlay, marking a profound shift in consumer values.

Yasmin El-Sayed·June 19, 2026