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Luxury Sport Utility Vehicles
Luxury may refer to: * Luxury goods, an economic good or service for which demand increases more than proportionally as income rises * Luxury tax, a tax on products not considered essential, such as speedboats or diamonds. ** Luxury tax (sports), a surcharge put on the aggregate payroll of a sports team to the extent to which it exceeds a predetermined guideline level set by the league * Luxury car, an expensive automobile * Luxury train, an expensive tourist train * Luxury yacht, an expensive privately owned, professionally crewed yacht * Luxury apartment, a type of property that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience * Luxury hotel, a high-quality amenities, full-service accommodations and the highest level of personalized services * Luxury resort, an exclusive vacation facility * Luxury box, term for a special seating section in arenas, stadiums and other sports venues * Luxury magazine, magazines devoted to fine c ...
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Luxury Goods
In economics, a luxury good (or upmarket good) is a good (economics), good for which demand (economics), demand increases more than what is proportional as income rises, so that expenditures on the good become a more significant proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. ''Luxury goods'' is often used synonymously with superior goods. Definition and etymology The word "luxury" derives from the Latin verb ''luxor'' meaning to overextend or strain. From this, the noun ''luxuria'' and verb ''luxurio'' developed, "indicating immoderate growth, swelling, ... in persons and animals, willful or unruly behavior, disregard for moral restraints, and licensciousness", and the term has had negative connotations for most of its long history. One definition in the OED is a "thing desirable but not necessary". A luxury good can be identified by comparing the demand for the good at one point in time agai ...
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Luxury Tax
A luxury tax is a tax on luxury goods: products not considered essential. A luxury tax may be modeled after a sales tax or VAT, charged as a percentage on all items of particular classes, except that it mainly directly affects the wealthy because the wealthy are the most likely to buy luxuries such as expensive cars, jewelry, etc. It may also be applied only to purchases over a certain amount; for instance, some U.S. states charge luxury tax on real estate transactions over a certain limit. A luxury good may be a Veblen good, which is a type of good for which demand increases as price increases. Therefore, the effect of a luxury tax may be to increase demand for certain luxury goods. In general, however, since a luxury good has a high income elasticity of demand by definition, both the income effect and substitution effect will decrease demand sharply as the tax rises. Theory Luxury tax is based on the concept of positional goods, which are scarce goods whose value a ...
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Luxury Tax (sports)
A luxury tax in professional sports is a surcharge put on the aggregate payroll of a team to the extent to which it exceeds a predetermined guideline level set by the league. The ostensible purpose of this "tax" is to prevent teams in major markets with high incomes from signing almost all of the more talented players and hence destroying the competitive balance necessary for a sport to maintain fan interest. The money derived from the "tax" is either divided among the teams that play in the smaller markets, presumably to allow them to have more revenue to devote toward the contracts of high-quality players, or in the case of Major League Baseball, used by the league for other pre-defined purposes. In North America, Major League Baseball has implemented the luxury tax system. The National Basketball Association also has a NBA Salary Cap, luxury tax provision; its utility is somewhat limited by the fact that the league also has a salary cap provision. The "hard" salary cap of the N ...
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Luxury Car
A luxury car is a passenger automobile providing superior comfort levels, features, and equipment. More expensive materials and surface finishes are used, and buyers expect a correspondingly high quality (business), build quality. The term is relative and unavoidably subjective, reflecting both objective qualities of a car and projected and perceived brand image, image of the vehicle's brand, marque. Luxury brands rank above ''premium brands'', though there is no clear distinction between the two. Luxury cars span from sports cars to large Saloon (car), saloons and sport utility vehicles. "Compact car, Compact" luxury vehicles also fill a niche. Classification standards Several car classification schemes include a luxury category, such as: * Australia: Since the year 2000, the Federal Government's luxury car tax applies to new vehicles over a certain purchase price, with higher thresholds applying for cars considered as fuel efficient. As of 2019, the thresholds were appr ...
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Luxury Train
A luxury train is a premium Passenger train, passenger rail service. Some luxury trains promote tourism in destinations across a region, while others (such as the ''Maharajas' Express'') take passengers on a ride through a single country. Luxury trains include restaurants, bars, bathrooms, and sleeping and seating areas. History George Pullman's first sleeping car, the Pioneer, was introduced in 1865 in the United States and was followed two years later by "hotel cars".Railroad Collections
It was the first railway carriage with dining and sleeping areas.
, History of Luxury Trains
Georges Nagelmackers founded the French Compagnie Internationale des Wagons-Lits, crea ...
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Luxury Yacht
A superyacht or megayacht is a large and luxurious pleasure vessel. There are no official or agreed upon definitions for such yachts, but these terms are regularly used to describe professionally crewed motor or sailing yachts, ranging from to more than in length, and sometimes include yachts as small as . Superyachts are often available for charter with a staff that caters to guests at a high standard of comfort. They may be designed to emphasize comfort, speed, or expedition capability. Depending on the season, superyachts may be most frequently found in the Mediterranean or the Caribbean. Many are available for charter; prices may far exceed 100,000 per week. Larger examples may have more than one swimming pool; they may carry a variety of water toys, other boats, and some have helipads to receive guests from helicopters. Characterized as symbols "of great wealth and excessive consumption", superyachts have been controversial due to their adverse environmental impact. Acc ...
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Luxury Apartment
A luxury apartment is a type of apartment that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience. While the term is often used to describe high-end regular apartments, or even typical apartments as a form of aspirational marketing, a true luxury apartment is one that is variously defined as being in the top 10% of transactions on the market, or having a total value of more than $4–5 million US dollars, with "ultra-luxury" apartments being valued above US$10 million. However, it can also mean any apartment with extra amenities, such as a Doorman (profession), doorman, yoga studios or bowling alleys, among others. History The term "luxury apartment" was used since the postwar era, although its definition was less grandiose than in recent times. In the 1980s, for example, having a doorman (profession), doorman for the building was sufficient to mark an apartment as "luxury". Competition to make the most luxurious apa ...
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Luxury Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suite (hotel), suites with bigger, higher-quality beds, a dresser, a refrigerator, and other kitchen facilities, upholstered chairs, a television, and En-suite, en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, a business center with computers, printers, and other office equipment, childcare, conference and event facilities, tennis or basketball courts, Gym, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually Room number, numbered (or named in some smaller hotels and Bed and breakfast, B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals a ...
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Luxury Resort
A resort hotel is a hotel which often contains full-sized resort facilities with full-service accommodations and luxury amenities. These hotels may attract both business conferences and vacationing tourists and offer more than a convenient place to stay.Alvin L. Arnold, ''Arnold Encyclopedia of Real Estate'', John Wiley and Sons (1995). These hotels may be referred to as major conference center hotels, flagship hotels, destination hotels, and destination resorts. The market for conference and resort hotels is a subject for market analysis.Grant Ian Thrall, ''Business Geography and New Real Estate Market Analysis'', Oxford University Press, Oxford, England (2002). These hotels as destinations may be characterized by distinctive architecture, upscale lodgings, ballrooms, large conference facilities, restaurants, and recreation activities such as golf or skiing. They may be located in a variety of settings from major cities to remote locations. History Since the 1800s, the tradi ...
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Luxury Box
The luxury box (or skybox) and club seating constitute the most expensive class of seating in arenas and stadiums, and generate much higher revenues than regular seating. Club ticketholders often receive exclusive access to an indoor part of the venue through private club entrances, to areas containing special restaurants, bars, merchandise stands, and lounge areas of the venue that are not otherwise available to regular ticketholders. Location These special private seating sections located within stadiums, arenas, and other sporting and entertainment venues, are typically located in the midsection and/or main stand or grandstand. However at some tennis venues (where stadiums are smaller) the luxury boxes are often but not always located at the lowest ring of seats, nearest to the playing court. Stadium luxury boxes sometimes have their indoor facility glass panels which can be opened to a balcony type area, in order for the user to feel immersed in the action of the event. In ...
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Luxury Magazine
A luxury magazine is a printed or online magazine marketed to the ultra-affluent that feature high-value products like sports cars, jewelry, mechanical watches, real estate, yachts, private jets and exotic vacations. Nationally, magazines such as '' Robb Report'' primarily offer advertisements for expensive goods. In many expensive markets, local titles exist to target the affluent. There are also many online magazines publishers including Modern Luxury and Niche Media Jason Binn (born 1968) is an American publisher and entrepreneur known for founding Niche Media and ''DuJour Media''. Early life and education Binn was born in 1968 to Moreton and Penny Binn in Roslyn, New York. He graduated from Boston Unive .... References Lifestyle magazines Magazine genres {{lifestyle-mag-stub ...
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Luxury (Georgia Band)
Luxury is a rock band from Toccoa, Georgia. They began playing together as The Shroud at Toccoa Falls College in the early 1990s, and changed their name to Luxury just before signing with Tooth & Nail Records and releasing their debut album, ''Amazing And Thankyou''. Luxury toured extensively in the months following ''Amazing And Thankyous release. In late 1995, a car accident between touring engagements resulted in most of the band's members being hospitalized. Luxury took a year-long hiatus before going back on tour to support their second album, ''The Latest & The Greatest'', though with fewer dates than initially anticipated. After growing more and more unhappy with the continually waning resources and promotion provided them by Tooth & Nail, they opted (in 1997) not to renew their contract with the label, and instead released their third album, ''Luxury'' (1999), on Bulletproof Records. Soon after, Luxury broke up. Jamey Bozeman started a new band called Canary, which so ...
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