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James Samuel

International Luxury Travel Market
Asian Luxury Travel Markets

  Who are they and what are they
              after?
The Main Asia Luxury Markets
Australia
                         China*
             India
                     Singapore
     Japan
What Products Do They Want For
            Their Clients?
•   Luxury Hotel Group
•   Individual Luxury Hotel
•   Boutique Hotels
•   Beach Resort
•   Private Villas
•   Cruise Lines
•   Spa and Wellbeing
•   Cultural and Unique Attractions
•   Golf Resorts
Where Do Their Clients want
              Travel?
•   South East Asia
•   Australia and Pacific
•   Northern Asia
•   Western and Northern Europe
•   Southern and Mediterranean
•   Southern Asia
Where is China’s Wealth?
•   Dongguan, Guangdong. Population of 6.4 million. Home to the largest
    Shopping Mall in the World

•   Karamay, Xinjiang Uygur Region. Largest oil field in China discovered in
    1995

•   Suzhou, Jiangsu Province. The “Oriental Venice”. 80 of the Fortune Top
    500 companies have offices in Suzhou

•   Foshan, Guangdong Province. A modern city and one of the earliest ports
    involved in foreign trade since China’s open door policy.

•   Wuxi, Jiangsu Province. A city on the Yangtse River north of Suzhou and
    half way between Shanghai and Nanjing, Wuxi is dubbed “Little Shanghai”
    which refers to its massive economic development

•   Zhuhai, Guangdong Province. Due to its proximity to Hong Kong and
    Macao, the city thrives economically. Zhuhai is also famous for its hot
    springs and golf clubs.
•   Zhongshan, Guangdong Province. Formerly known as Xiangshan County,
    Zhongshan is among the five richest areas in the Zhujiang River Delta. The
    local government encourages both high quality of living environment and
    industrial growth

•   Zhoushan, Zhejiang Province. China’s largest archipelago, Zhoushan is
    an island in the middle of the “Zhoushan Fishery”, one of the world’s four
    largest fisheries.
•
•   Wenzhou, Zhejiang Province. Wenzhou citizens are progressive and open
    to western ideas. A modern city with many good hotels, restaurants and a
    shopping paradise with stores along commercial pedestrian streets. It has a
    vibrant nightlife.

•   Changzhou, Jiangsu Province. Changzhou, nicknamed the Dragon Town,
    is a national tourist hub and one of the provincial industrial centres.
    Changzhou has remained one of the most developed cities in Jiangsu,
    ranked third after Suzhou and Wuxi.
Luxury Consumer Trends in China
•   Young and Affluent Population. China has the second most billionaires in
    the world. Of the 130 billionaires in China, 94 of them are under the age of
    40.

•   Got Rich Fast, Spend Fast. Many wealthy Chinese acquire their wealth in
    a short time period which translate into a different spending pattern than the
    affluent population of other nations.

•   Luxury a Status Symbol. Luxury goods are seen as status symbols. About
    65% of consumers equate luxury brands with success.

•   Big Spenders are in the “Mature” Markets. Hong Kong, Beijing, Shanghai.
    Spending Internationally.

•   Brand Loyalty Stronger than You Think. more than 47% of respondents
    from China indicate they are loyal to brands. This pattern is similar
    throughout China, with higher brand loyalty reported for Hong Kong at 55%,
    which is the only region to exceed 50%.
What Should You be Doing To Get
The Business – ILTM White Paper
• Rate Integrity - “Get the service and product right, and
  then you can set the rate.”

• Believe in the Baby Boomers - “Consumers are more
  cautious with their travel decisions. It’s about the
  promise you make.”

• The Recipe of WOW - “Offer unique and authentic travel
  experiences. Get under the skin of travel and combine
  these experiences with great products”

• Keeping Experiences Relevant - “Creating customised
  experiences takes a much larger investment from
  everyone.”

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Targeting Asia's Luxury Travel Markets

  • 2. Asian Luxury Travel Markets Who are they and what are they after?
  • 3. The Main Asia Luxury Markets Australia China* India Singapore Japan
  • 4. What Products Do They Want For Their Clients? • Luxury Hotel Group • Individual Luxury Hotel • Boutique Hotels • Beach Resort • Private Villas • Cruise Lines • Spa and Wellbeing • Cultural and Unique Attractions • Golf Resorts
  • 5. Where Do Their Clients want Travel? • South East Asia • Australia and Pacific • Northern Asia • Western and Northern Europe • Southern and Mediterranean • Southern Asia
  • 7. Dongguan, Guangdong. Population of 6.4 million. Home to the largest Shopping Mall in the World • Karamay, Xinjiang Uygur Region. Largest oil field in China discovered in 1995 • Suzhou, Jiangsu Province. The “Oriental Venice”. 80 of the Fortune Top 500 companies have offices in Suzhou • Foshan, Guangdong Province. A modern city and one of the earliest ports involved in foreign trade since China’s open door policy. • Wuxi, Jiangsu Province. A city on the Yangtse River north of Suzhou and half way between Shanghai and Nanjing, Wuxi is dubbed “Little Shanghai” which refers to its massive economic development • Zhuhai, Guangdong Province. Due to its proximity to Hong Kong and Macao, the city thrives economically. Zhuhai is also famous for its hot springs and golf clubs.
  • 8. Zhongshan, Guangdong Province. Formerly known as Xiangshan County, Zhongshan is among the five richest areas in the Zhujiang River Delta. The local government encourages both high quality of living environment and industrial growth • Zhoushan, Zhejiang Province. China’s largest archipelago, Zhoushan is an island in the middle of the “Zhoushan Fishery”, one of the world’s four largest fisheries. • • Wenzhou, Zhejiang Province. Wenzhou citizens are progressive and open to western ideas. A modern city with many good hotels, restaurants and a shopping paradise with stores along commercial pedestrian streets. It has a vibrant nightlife. • Changzhou, Jiangsu Province. Changzhou, nicknamed the Dragon Town, is a national tourist hub and one of the provincial industrial centres. Changzhou has remained one of the most developed cities in Jiangsu, ranked third after Suzhou and Wuxi.
  • 9. Luxury Consumer Trends in China • Young and Affluent Population. China has the second most billionaires in the world. Of the 130 billionaires in China, 94 of them are under the age of 40. • Got Rich Fast, Spend Fast. Many wealthy Chinese acquire their wealth in a short time period which translate into a different spending pattern than the affluent population of other nations. • Luxury a Status Symbol. Luxury goods are seen as status symbols. About 65% of consumers equate luxury brands with success. • Big Spenders are in the “Mature” Markets. Hong Kong, Beijing, Shanghai. Spending Internationally. • Brand Loyalty Stronger than You Think. more than 47% of respondents from China indicate they are loyal to brands. This pattern is similar throughout China, with higher brand loyalty reported for Hong Kong at 55%, which is the only region to exceed 50%.
  • 10. What Should You be Doing To Get The Business – ILTM White Paper • Rate Integrity - “Get the service and product right, and then you can set the rate.” • Believe in the Baby Boomers - “Consumers are more cautious with their travel decisions. It’s about the promise you make.” • The Recipe of WOW - “Offer unique and authentic travel experiences. Get under the skin of travel and combine these experiences with great products” • Keeping Experiences Relevant - “Creating customised experiences takes a much larger investment from everyone.”