Let’s be honest. This old tune of “lowest price wins” is getting a little tired, isn’t it? In boardrooms from Boston to Brisbane, forward-thinking CEOs are realizing: Competing on discounts isn’t strategy; it’s surrender.
In 2025, the real game-changer isn’t who can cost-cut the fastest, it’s who delivers experiences people can’t stop talking about.
Discounts Are Done—Experiences Are Everything
Sure, discounts create a quick sugar rush, like a quick dopamine hit. But once the thrill fades, so does the loyalty. What people want most is to feel something memorable. Not a lower price; a higher connection. Here’s what ought to catch every executive’s attention: Your expertise is just the entry fee these days—being memorable, through remarkable experiences, is what wins the loyalty game.
Luxury Isn’t a Price Tag—It’s a Mindset
Let’s pop the bubble on “luxury”; it’s not about the fanciest product on the shelf. It’s about how you show up for people, spark their senses and make them say “Wow—I matter here.” I’ve seen bakery owners win raving fans with nothing but a handwritten note. I’ve seen tech companies turn onboarding into an actual celebration. And I’ve cheered for CEOs who’ve reimagined B2B service as insider access and thoughtful anticipation, not just SLAs and invoice cycles.
A little secret: You don’t need to sell luxury goods to deliver a luxury experience. Anyone can create that feeling of exclusivity and delight—if they’re willing to rethink the ordinary.
Stop Acting Like a Bellhop—Start Thinking Like a Concierge
At your next leadership retreat ask your team are you thinking like a “bellhop” or a “concierge”? Bellhops move the bags—up and down, in and out, checking boxes and calling it a day—that’s transactional. A concierge creates moments, they transform your stay anticipating needs you didn’t even know you—that’s transformational.
Ask yourself: Are you just crossing tasks off your to-do list, or are you strategically making every touchpoint a story worth retelling? Transactional thinking is a race to the bottom. Transformational thinking? That’s where the magic (and margin) lives.
Five Luxury Levers for Leaders Ready to Elevate
Let’s make this practical. Over decades partnering with everyone from scrappy startups to icons like Ritz-Carlton, I distilled exceptional experiences into five luxury levers—tiny hinges that swing big doors. These are systems of elevation, they aren’t “extra”—they’re essential.
- Entice: How do you grab attention in a blink? Make your “hello” irresistible.
- Invite: Who feels truly included, beyond the obvious VIPs?
- Excite: What senses do you spark? What are you doing to be shareworthy?.
- Delight: Anticipate. Over-deliver. Sprinkle in “how did they know?” moments.
- Ignite: Make it easy (and fun!) for advocates to refer business to you and shout your story from the rooftops.
Ready-to-Use Actions for CEOs
- Audit the Journey: Walk your customer journey end-to-end. Where are you dull when you could dazzle? Fix the flat spots with personality and care. How do you elevate from transactional to transformational?
- Champion the Concierge Mindset: Upskill every manager to anticipate—don’t just react. Give them permission to surprise.
- Systemize Thoughtfulness: Pick your top twenty clients. What’s one unexpected “Champagne Moment” you could gift each? Then expand.
Lead the Experience Economy—Make 2025-2026 Sparkle
Here’s my challenge for you: Amazon can out-price you. AI can out-process you. The only thing competitors can’t duplicate is how you make people feel.
So gather your leaders. Ask, “What could our next Champagne Moment be?” Empower your team to act like concierges. Don’t just serve—elevate.
Because the companies that turn everyday moments into legend aren’t just going to survive the death of discount culture; they’ll light up the path forward. And that, my friends, is leadership worth celebrating.