Forget the BRIC countries – travel soon will be all about the SLIMMA Although conventional wisdom suggests we’ll be heading to Brazil, Russia, India and China (the BRIC countries) more and more — the hottest vacation destinations in the coming years could be the ‘SLIMMA’ bloc, according to a new report. At this week’s , … Read more
While several marinas have been developed along the China’s eastern coast in the past five years, Chinese coastal waters are still strictly regulated, and import duties of 43 percent have dampened the development of a vibrant yachting culture. In 2009, the Chinese yachting market was worth $440 million, according to a recent report by China … Read more
E-Commerce Landscape Shifting Towards “New Luxury” Goods While many consumers remain focused on prestige pieces that will retain their worth, young consumers are racing to purchase “new luxury” accessories like high-priced handbags and shoes, according to a study just released by PM Digital, a New York-based digital marketing agency. This is among the findings in … Read more
Luxury Carmakers Plan New Features for Obese Drivers Luxury cars couldn’t have been far behind the obesity problem. Luxury carmakers have been forced to upsize their vehicles as a result of drivers and passengers becoming more overweight, it has emerged. Porsche, Mercedes and BMW are just a few of the carmakers who have begun implementing … Read more
Zagat released 2012 America’s Top Restaurants guide. The book features reviews and ratings of 1,578 of the best eateries in 45 markets across the U.S. The guide also offers some eye-opening statistics: the national average of meals eaten out per week is 3.1, which is steady from last year but down from 3.3 before the … Read more
Worldwide luxury goods market poised to surge 10 percent in 2011 as growth in China and mature markets increases, according to newly-released 10th edition of Bain & Company’s luxury goods worldwide market study. Global luxury goods sales have continued 2010’s double-digit growth trajectory and will see an increase of 10 percent, to €191 billion in … Read more