Where are North Americans and others finding the latest new luxury destination: Asia.
“Asia has emerged as a luxury travel powerhouse as consumer confidence increases and the spending power of the Asian elite reaches new heights,” says CNN.
This finding is based on a new initiative that was launched by ALTM (Asia Luxury Travel Market) at this year’s event in Shanghai.
“The results of this survey show how the vast majority of luxury travel professionals throughout the region has already seen an increase in business in 2010 and almost all of them expect a significant increase in the luxury travel market in Asia,” according to CNN.
Luxury travel buyers and agents have seen considerable improvements in their business this year, with 94 percent of them expecting an increase in luxury travel within the Asia Pacific region, particularly to China, Thailand, Singapore, Hong Kong and Australia.
Travel trends seem to be changing as well, with travelers putting more emphasis on unique destinations and bespoke experience and the majority of operators growing and changing their offerings to cater to this need.
By David Wilkening
