Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 5

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 5
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 the market share is expected to grow to 16%, with most-stocked
brands being Eres, Solid & Striped, and Melissa Obadash. Luxury e-commerce platforms, such as Farfetch and Matches, have increased
their women’s swimwear offerings from anywhere between 288 – 349%. Market forecasters believe that it’s the global
luxury e-commerce retailers who will be most successful in expanding the swimwear category (Edited.com).

Travel
and Tourism

Travel
and tourism is one of the world’s largest industries, reaching a global economic contribution (direct, indirect and induced) of
a record $7.7 trillion in 2022. According to recent data obtained by IATA (International Air Transportation Association), approximately
35% of vacationing Americans had intentions of travelling internationally to destinations that require swimwear attire in 2020, which
is a 9% increase from 2018. The average consumer is changing their spending habits, and travel is benefiting as a result. In addition
to these statistics, there is also a growing social trend of spending on experiences, such as travel, rather than tangible goods. Several
factors contribute to this trend:

Seeking
happiness and fulfillment: Research suggests that
experiences tend to provide longer-lasting happiness compared to material possessions. People are realizing that investing in experiences
can lead to more meaningful and fulfilling lives.

Social
media influence: Platforms like Instagram and Facebook
have made it easier for people to share their experiences with others. This can create a desire to partake in similar experiences, driving
the popularity of travel and other experiential activities.

Changing
priorities: Many individuals, particularly millennials
and younger generations, prioritize experiences over material possessions. They value creating memories and having unique adventures
over accumulating belongings.

Status
symbol: Experiences are increasingly becoming a
status symbol. Sharing stories about exotic travels or unique experiences can convey social status and cultural capital.

Ease
of access: With advancements in technology and travel
infrastructure, experiencing different cultures and destinations has become more accessible and affordable for many people.

7

This
shift in spending habits has implications for various industries, including travel, hospitality, entertainment, and leisure. Companies
are adapting their offerings to cater to this growing demand for experiences, creating new opportunities in the market. With tourism
and travel expected to continue growing at consistent rate to 2025, the swimwear industry is sure to reflect a similar advance.

Strategy

The
Company’s business strategy is designed