34-year-old Yang Huiyan – vice chairman of Country Garden Holdings, a China-based property development and management company is topping Asia’s Top 10 Wealthiest Millennials list released by Wealth-X. Chinese ultra wealthy individuals claimed nine of the 10 spots on the list compiled by Wealth-X. Millennials are defined as those born from 1981 to 1997. Yang … Read more
The sustained growth in the number of Chinese international travelers presents huge opportunities for the global tourism industry, reveals the Hotels.com Chinese International Travel Monitor (CITM) 2015. According to the latest major annual study from Hotels.com, tech-savvy, younger and more affluent Chinese form a substantial part of the 20 percent growth in outbound mainland Chinese … Read more
Can a smartphone solve any travel problem? Virtuoso luxury travel network explores traveler insights and trends with its first generational travel study. At the annual Virtuoso Symposium in Hong Kong, the luxury travel network presented a new study on affluent generational travel. Tapping into transactional data from its United States and Canadian-based agency members that … Read more
Millennials are more likely than older travelers to seek out hotels with luxury services such as dry cleaning (32%), massage or spa services (30%) and pet-friendliness (23%), according to a new survey released by Chase Card Services. Furthermore, the survey shows millennial travelers are more likely to say it’s a ‘deal breaker’ if a hotel … Read more
Every decade, luxury declares itself “at a turning point,” pours another magnum of optimism, and quietly raises prices. But this time, something genuinely structural is happening. From creative-director musical chairs to bankrupt department stores and gold‑priced gold, the industry is being forced to answer a very awkward question: what exactly are we selling for all … Read more
NYC Bids Farewell to Foie Gras and Hello to Cognitive Cocktails New York City’s fine-dining scene is currently undergoing a mid-life crisis, but instead of buying a sports car, it’s bought a laboratory and a gym membership. According to a new forecast by the Culinary Architect Studio, the “old luxury” of heavy creams, gold-leaf garnishes, … Read more