Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Statistical Profile of the Hong Kong UHNWI Against the backdrop of a red hot premium property market, Hong Kong‘s ultra wealthy population holds US$43 billion worth of real estate assets, representing 9% of the total net worth of its UHNW population, according to the lastest study released by Wealth-X, a provider of detailed intelligence on … Read more
Responding to the growing demand for eco-tourism, Asian hospitality chain Meritus Hotels & Resorts (MHR) and Funtasy Island Development announced plans to build the largest eco theme park and the first gated island community in the world. Located on Riau Islands, Indonesia and slated to open in 2014, the deluxe resort development Funtasy Island will … Read more
Facilitated by a recent partnership with Sao Paulo Turismo, the official tourism authority of Sao Paulo city as well as with the Rio Convention Bureau, World Rainbow Hotels (WRH), the first and only collection of gay-friendly hotels aimed at consumers and travel agents alike, is expanding into Brazil. “WHR’s expansion into Brazil reflects the country’s … Read more
Cultivated French Black Truffle Found in British Columbia’s Fraser Valley. The famous Périgord black truffle of Southern Europe (Tuber melanosporum), universally regarded as the ultimate luxury food, was harvested for the very first time in the Fraser Valley, British Columbia and will create a new industry for Canadian farmers. “It takes considerable effort to produce … Read more
Tuk-tuks or auto rickshaws, a cross between a motorbike and a tricycle, are a common means of public transportation in Asia and a serious source of pollution as the vehicles have small, petrol-powered engines. Tokyo’s startup Terra Motors, the No.1 electric motorcycle company in Japan, wants to help electric vehicle transport go green from the … Read more
In order to boost Greek yacht tourism, Greece state agency in charge of privatisation (TAIPED) announced the auctioning off rights to operate marinas. At a joint press conference of the agency and the Greek Tourism Ministry, the officials unveiled plans to launch six international tenders for Greek marinas by June. The first tender will include … Read more