The average spending of China’s high net worth individuals decreased by 15%

  Hurun Report releases Chinese Luxury Consumer Survey 2014 and Hurun Best of the Best Awards 2014. According to Hurun Report Chinese Luxury Consumer Survey 2014, the average spending of China’s high net worth individuals has decreased by 15%, with spending on gift giving down by a dramatic 25%. HNWIs are busier than ever. They … Read more

Catering to the individual traveler: personalized travel is the new definition of luxury

Top Seven Travel Trends from 2013 Virtuoso Travel Week.    Virtuoso luxury travel network announced Top Seven Travel Trends from Virtuoso Travel Week, one of luxury travel’s preeminent events. From the top seven travel trends revelead “catering to the individual traveler: personalized travel is the new definition of luxury” emerged as the overarching trend. The … Read more

Affluent Chinese lured to Maldives’ Shangri-La

Shangri-La creates ultimate travel package to Maldives for affluent Chinese. Among Chinese luxury travellers, Shangri-La was named the most preferred hotel brand for the second consecutive year in the 2013 Hurun Report – The Chinese Luxury Traveler. The luxury hotel chain announced the launch of the “Shangri- La Private Jet Journey”, a seven-day Shangri-La excursion … Read more

Shangri-La Bosphorus to debut on the Istanbul’s luxury hospitaliy arena

In May, the Istanbul‘s rich hospitality scene will see the addition of the highly anticipated Shangri-La Bosphorus. The hotel will debut in Istanbul as a distinctive luxury hotel in the Virtuoso luxury travel network. Shangri-La Bosphorus, Istanbul is situated in the modern city, in between Dolmabahce Palace and the Maritime Museum, with attractions including the … Read more

Priceless Cities operation is moving to Paris

Launched by MasterCard last year for cities like New York and London, Priceless Cities operation, which offers unique urban experiences, invites MasterCard clients to a Parisian Christmas exploration experience. Gastronomy, music and theater, museums and outings, travel and hotels, sports and wellness, and, shopping, around 500 special events will be set up over the following … Read more

Iconic Hôtel de Crillon in Paris is closing for a two-year interior renovation

The legendary Parisian Hôtel de Crillon is the second iconic luxury hotel closing for extensive renovations. Hôtel de Crillon in Paris is supposed to close this fall for a comprehensive interior restoration in order to keep up with competitors such as Mandarin Oriental, Le Royal Monceau and Shangri-La. The large-scale works involve the entire 18th … Read more