According to Italian luxury goods investment association Altagamma, its member companies will see significant growth in turnover in 2008 in the order of 5% for luxury goods, 3% for jewellery and 11% for designer furnishings. Luxury hotels, however, are experiencing a 5% drop in turnover due to fewer visits from Americans. This figure hides wide disparities - growth of 10% to 20% from Asia and stagnation in the United States. Altagamma forecasts that 2009 will be more difficult. (I.L. /trad....