Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Cathay Pacific’s new Regional Business Class As competition between airlines hots up, all the airlines try to offer business class upgrades and more comfort to passengers. Cathay Pacific celebrates its 66th anniversary as Hong Kong’s home carrier with a new regional business class upgrades based on customers survey. The new inflight product is the result of … Read more
The 2012 Hurun Rich List, the annual ranking of the 1000 richest individuals in China, reveals that China’s rich are getting poorer and the no. of billionaires is down after six years of growth. In a year when the Shanghai Stock Exchange fell 23%, 469 of the Hurun Top 1000 saw their wealth shrink, … Read more
East-meets-West: Estee Lauder releases Asian premium skincare line Estée Lauder cosmetics conglomerate sells 12 of its 28 cosmetics brands in China, but the Chinses beauty market deserves more. The beauty group focuses the company’s resources on markets with the greatest growth potential. Beginning this October, EstéeLauder introduces a premium beauty line called “Osiao” (pronounced O-shao), … Read more
Business travel trends Revealed in Travel Leaders Group Survey “Company policy” now has almost as much influence as “cost” in whether or not business travelers will be flying in the “front of the plane,” according to the latest survey data provided by Travel Leaders Group, one of North America’s largest travel companies – encompassing nearly … Read more
Sheraton Macao Hotel, Cotai Central – the largest hotel to open worldwide in 2012 Easily accessible by air, land and sea, Macau was visited by 13 million tourists in the first half of 2012, with the majority coming from mainland China. Macau has surpassed Las Vegas as the world’s biggest casino market since 2006 and … Read more
The Ritz-Carlton Tunis, Carthage, opening in 2014 Tunisia will have the first Ritz-Carlton Hotel, announced The Ritz-Carlton Hotel Company. Situated on the Mediterranean Sea, The Ritz-Carlton Tunis, Carthage will offer an exclusive beachfront setting adjacent to the Presidential Palace and step away from Carthage’s ancient ruins. Located in Carthage-Sidi Bou Said, a suburb of Tunisia’s … Read more