Adding further weight to several pieces of research commissioned by ILTM Asia Pacific and presented during its annual event in Singapore this week, the behaviour of the Asian millionaire traveler; their motivations, media channels, brand preferences and consumption patterns were the focus of a seminar presentation to both exhibitors and
As China has affirmed its place as one of the most influential luxury markets, India’s luxury business has seen double-digit growth and is likely to become one of the most valuable emerging markets. To view full article, please visit Luxury Daily. Data for this was taken from Agility’s Affluent Insights™ reports.
Together, Chinese millennials and Indian millennials account for a whopping 47 percent of the global millennial population– here’s how they’re affecting the future of the luxury sector. China has been a top-priority market for luxury brands for many years. Chinese consumers account for a third of global luxury spending, and
China has been a top-priority market for luxury brands for many years. Chinese consumers account for a third of global luxury spending, and this is expected to increase by as much as 40 percent by the middle of the next decade. While there are concerns of a slowdown in demand impacting