Walpole's The State of London Luxury Report 2023 reveals New York and London's enduring appeal as luxury hubs. BBL/P's hometown of London is credited with boasting a unique combination of affluent residents and visitors, as well as creative talent, all in one physical location. 

The ranking in the chart is based on Savills Luxury City Fundamentals Ranking, which weighs the size of each city's luxury retail market, international visitor appeal, resident affluence and overall growth prospects.