When wealthy Chinese travelers head abroad, they’re prioritizing experiential luxury such as dining and seeking out unique cultural activities, but shopping still fits in big to their travel plans. This is the finding of affluent-focused, Asia-based intelligence firm Agility’s latest 2016 “Affluent Insights Chinese Luxury Travel Report,” which uncovers key
With an increase in GDP comes an increase in the population of affluent consumers who are becoming more confident of the disposable income they will have to spend on purchasing goods and attaining one of a kind experiences. This translates into new opportunities and new markets for brands to explore.
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.
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,
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
he 10th edition of ILTM Asia opened yesterday with the powerful message that affluent travellers from across Asia are set to significantly increase their overseas leisure travel during the next year. A dedicated seminar by Amrita Banta of Agility Research revealed the findings of their new survey ‘The Future of
It is no secret that Singaporeans enjoy pampering themselves. From vacations to the Maldives or Europe, fine dining at Marina Bay Celebrity restaurants, to shopping at Ion for Louis Vuitton’s latest bags, Singapore’s affluent know how to spend on the finer things in life. This being one of the many reasons luxury brands thrive in Singapore.
Insights on what the top Affluent spenders in key cities are expected to purchase, how they are expected to make their purchases and how the preferences differ from city to city
The hall under the great dome of the former Soviet Union-styled Shanghai Exhibition Center was decorated with a sense of luxury on Monday.
The scene was set for the International Luxury Travel Market Asia, where hundreds of international suppliers of luxury travel experiences met to tap into the opportunities that China, the world’s fastest growing and biggest market in the niche, has to offer.
The increasingly wealthy consumers of luxurious experiences who dominate Asian markets such as China are the “super lucrative segment” of the middle class now and in years to come, an industry report indicates.
Dubbed “Generation AAA” – referring to aspirational, ambitious and affluent – such customers aged between 18 and 34 have both the financial power and the “attitudinal and behavioral propensity” to travel and spend on luxury, said Amrita Banta, managing director of Agility Research and Strategy, which released the report in Shanghai on Tuesday, as part of International Luxury Travel Market Asia 2015.