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... experiential economics, get significantly different in a down-trending economic environment. These are so far the points that critics of the concept that Pine & Gilmore introduced raise.
All of these (positive and negative ones included) are valid points. However, so far, based on the evidences, there seems to be more merit on the positive notes and points about the experience economy than the negative ones. The market(s) is a continuously changing creature and there is no way to predict how it will transform in the future; the only option that one has is to study it retrospectively; that is, by backtracking on the events that happened in the past. Based on that process, it shows that the world of business is entering a new era or trend that should be favoring businesses that follows the experiential economics concept as presented by Pine & Gilmore in their work.
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