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Rising Asian demand for luxury experiences offers retail opportunities

ASIA. There is a growing demand among affluent Asians for luxury travel experiences and luxury purchases during travel, according to a new report from Agility Research & Strategy. Travel experiences are among the top three future purchases for affluent Asians, along with hotel accommodation and air tickets, the company said.

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Asian consumers’ preferred travel destinations reveal retail expansion opportunities

Nearly 80 percent of affluent Asian consumers plan to increase spending on travel, according to a new report from Agility Monitor. While it is no big secret that spending and travel are on the rise in China and elsewhere in Asia, consumers nonetheless plan to stay regional, with Hong Kong,

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From material to experiential

The luxury travel market in China is booming today, thanks in part to the growing desires of affluent Chinese to not just own the most expensive products, but to savor unique experiences around the world The 410-square-meter presidential suite on the 51st floor of the Ritz-Carlton Hotel in Pudong might

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