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Hong Kong leads the luxury travel charge at ILTM Asia March 28, 2015 SHANGHAI, China – ILTM Asia has revealed that the numbers of luxury travel agents from Hong Kong who will attend the 2015 event in Shanghai (1 – 4 June) are already significantly greater than those SHANGHAI, China – ILTM Asia has revealed that the numbers of luxury travel agents from Hong Kong who will attend the 2015 event in Shanghai (1 – 4 June) are already significantly greater than those that attended ILTM Asia 2014. Over 50 discerning buyers will attend from the city – 30% of whom will be new faces representing Hong Kong wealthy on the invitation list. Due to the size of its population, Hong Kong has one of the world’s highest departure rates per population. Outbound travel from Hong Kong is predicted to rise from 11.4 million outbound travelers in 2015 to 12.6 million by 2018 according to the Hong Kong Tourism Report 2014. ....
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 buyers. Having interviewed 903 millionaires across China, India, Singapore, Hong Kong, South Korea and Japan, Agility Research & Strategy defined millionaires as those whose HNW was $US1m+. Key takeaways from the study include: – 2019 will be another year of strong growth for the luxury travel segment. Particularly encouraging is the willingness to travel manifested by Chinese and Indian millionaires, given the large number of HNW individuals residing in these two countries. Japanese millionaires, on the other hand, remain reluctant to travel internationally, a trend that persists despite a stabilizing economy and increased inbound to ....