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For Buyers of Premium Travel and Luxury Meetings luxury | December 2014 for buyers of premium travel and luxury meetings MARKETS India, Hong Kong/China, Japan, Australia LUXURY-AT-SEA Private yachts, river cruisers, ocean liners WELLNESS Rich sources QUALITY DESTINATIONS New Zealand, Switzerland, Japan, Singapore TTG Luxury Nov2014-p00 cover_redRH FINAL_DEC09.indd 3 9/12/14 10:39 am INDEPENDENT MEANS THAT NO MATTER HOW GRAND, LUXURY IS ALWAYS PERSONAL If you enjoy individuality, vitality, and epic luxury when you travel, discover the unique travel experiences of Preferred Hotels & Resorts and Preferred Boutique. Visit all 650 hotels and resorts at PreferredHotels.com/TTGLux ©2014 Preferred Hotel Group THE SIAM Bangkok, Thailand LES SUITES ORIENT, BUND SHANGHAI COCO BODU HITHI, MALDIVES WYNN LAS VEGAS Shanghai, China Male, Maldives Las Vegas, Nevada, USA make your travel more rewarding 14_481_ASPAC TTG Luxury_Dec_PHBC Ad_FNL2.indd 1 10/20/14 11:07 AM editor’s note t the time of writing this, it’s just a month to go before we say goodbye to 2014 and welcome 2015. AJapan just announced it was in a recession. The Eurozone is trying to avert a deflation. The growth of the Chinese economy is slowing. And there’s rouble trouble in Russia. These are all important markets that have sustained the luxury travel in- dustry worldwide and, certainly, they account for a chunk of Asia-Pacific’s inbound arrivals. The pros- pect of a headwind facing luxury travel demand is a bit worrisome. On the supply side, there is a surfeit of luxury hotels and resorts, private yachts and high-class river/ocean cruisers, quality destinations and those aspiring to attract quality tourists – thus stiffer competition for top dollars can be expected if de- mand softens. As purveyors of luxury travel, it’s time to reflect on how we can give better luxury experiences, and to whom, in order to keep our market share intact. Remember, even in bad times, everyone needs a lit- tle luxury in life, there will always be a market and our job is to make sure it comes our way, then we won’t have a recession even if there is one! On that note, my team and I wish you a happy and prosperous 2015. Raini in Panarea, Aeolian islands, Sicily, Italy Raini Hamdi, Senior Editor S Puvaneswary SALES & MARKETING Cheryl Lim OFFICES Editor, Malaysia/Brunei Michael Chow Advertisement SINGAPORE ([email protected]) Group Publisher Administration Manager 1 Science Park Road, EDITORIAL Greg Lowe ([email protected]) ([email protected]) #04-07 The Capricorn, Karen Yue Correspondent, Thailand Jonathan Yap Carol Cheng Singapore Science Park II Group Editor ([email protected]) Senior Business Manager Assistant Manager Singapore 117528 Tel: (65) 6395-7575 ([email protected]) Marianne Carandang, ([email protected]) Administration and Marketing ([email protected]) Fax: (65) 6536-0896 Gracia Chiang Rosa Ocampo Karen Cheung [email protected]; Deputy Group Editor Correspondents, The Philippines Senior Business Manager www.ttgasia.com ([email protected]) ([email protected], ([email protected]) PUBLISHING SERVICES Hannah Koh [email protected]) Shirley Tan Tony Yeo Division Manager HONG KONG Assistant Editor, Prudence Lui Senior Business Manager Unit 2011, TTG Asia Online Correspondent, Hong Kong ([email protected]) Haze Loh 20/F Harbour Centre, ([email protected]) ([email protected]) Mervin Lee Senior Creative Designer 25 Harbour Road, Paige Lee Pei Qi Shekhar Niyogi Business Manager Lynn Lim Wanchai, Hong Kong Assistant Editor, Singapore Chief Correspondent, India ([email protected]) Web Executive Tel: (852) 2237-7252 Fax: (852)2237-7227 ([email protected]) ([email protected]) Stephanie So Carol Wong Xinyi Liang-Pholsena Feizal Samath Business Manager Senior Circulation Executive Assistant Editor, Thailand/Indochina Correspondent, ([email protected]) ([email protected]) Sri Lanka/Maldives Cheryl Tan TTG ASIA MEDIA ([email protected]) Kathy Neo Corporate Marketing Darren Ng Copy Editor Tan Kok Yong, Redmond Sia, Manager Managing Director ([email protected]) Goh Meng Yong ([email protected]) ([email protected]) Creative Designers Mimi Hudoyo Stephanie Toh Raini Hamdi Editor, Indonesia Lina Tan Marketing Executive Senior Editor TTG Travel Trade Publishing is a ([email protected]) Editorial Assistant ([email protected]) ([email protected]) business group of TTG Asia Media TTG Asia Luxury is a product by TTG Travel Trade Publishing, a business group of TTG Asia Media. It is mailed free on written request to readers who meet predetermined criteria. Paid subscriptions are available to those who do not meet the criteria. MCI (P) 162/08/2014. PPS 1815/03/2013(025540). Printed by Times Printer Pte Ltd, 16 Tuas Avenue 5, Singapore 639340. TTG Asia luxury | December 2014 1 TTG Luxury Nov2014-p01 editor noteFINAL.indd 1 8/12/14 2:16 pm Grand 50 party weekend 54 Rich Sources 36 Quality time TTG Luxury Nov2014-p02-03 content_redRH FINAL.indd 2 8/12/14 2:18 pm Water Grand 14 world 50 party weekend 44 Making the right moves December 2014 06 luxury markets india 08 luxury markets hong kong/china 10 luxury markets japan 12 luxury markets australia 14 luxury-at-sea overview 16 luxury-at-sea markets 60 luxury-at-sea reviews Luxury 18 people 22 gasp! the audacity of luxury 27 guide luxury hotel representation 32 destination new zealand 36 destination switzerland 44 destination japan 50 destination singapore 54 focus wellness 60 luxury people kuno fasel 32 Eye on premium dollars 22 Gasp! TTG Luxury Nov2014-p02-03 content_redRH FINAL.indd 3 8/12/14 2:18 pm 2014-12-TTG-客房广告.pdf 3 2014/12/4 20:07:19 C M Y CM MY CY CMY K Asian luxury markets Uncertainty as Japan enters recession. But over in India, the new government is propping up confidence. Meet also the Chinese ‘super tourist’ and the loving-it-now high-end Aussie traveller. TTG Asia Luxury has the latest on four key Asian luxury markets TTG Asia luxury | December 2014 5 TTG Luxury Nov2014-p05 LuxurymarketOpening page_redRHmy.indd 5 10/12/14 4:52 pm luxury markets indiaindia The recovering Indian However, Gupta noted demand economy is giving the trade a in general for destinations such as reason to cheer, with the Modi gov- Hong Kong, Singapore and Thai- ernment – sworn in earlier this year land had decreased compared to Modi – anticipated to further stimulate previous years. the luxury travel sector. Prakhar Travels director Atul According to data from the Cen- Dhir added: “Most have done tral Statistics Office, India’s GDP South-east Asia, Hong Kong and goodie grew by 5.7 per cent during the Macau, while Dubai is too hot for April-June period, expanding faster summers. Europe and Canada are As India’s new prime than it did in any quarter over the becoming very popular. last two years. “Indian travellers are getting minister Narendra Modi Dove Travels India’s managing more adventurous. They are ready partner, Ashwani K Gupta, said: to spend and want to be pampered. strives to make his mark, “Last year was so-so. But with the The Indian luxury market is always new government in India, we are underestimated,” said Dhir, high- hopeful that businesses and the lighting that clients are comfortable confidence rises among economy will grow. We see that splurging on business-class air budgets are increasing.” tickets and US$500-700 per night for India’s well-heeled, reports He pointed out that the imposi- a holiday that spans 10-15 days. tion of martial law in Thailand “Besides travelling with their Gracia Chiang had resulted in the cancellation of families in summer, they now also groups, although there was still FIT travel out for golf and spa at the business. drop of the hat, as well as for anni- 6 TTG Asia luxury | December 2014 TTG Luxury Nov2014-p06-07 Luxurymarket India_redRHmy.indd 6 10/12/14 4:54 pm Jan Kranendonk/Dreamstime.com Nisarg Lakhmani/Dreamstime.com Nisarg Left India’s new prime minister Narendra Modi Above Indian luxury travellers: “underestimated” Over the last 12 months, all these Indian clients are going to Siem The Reap, which I’ve not seen before. Indian Gordon Bell, director of sales, ICS Travel Group upmarket traveller versaries and birthday parties.” are destinations that have caught the Despite the surge in Internet interest of his clients recently. usage in India, Dhir said that As for travel within South-east is ready to spend high-end clients still prefer to book Asia, ICS Travel Group director of and wants to be offline. His business has been expe- sales, Gordon Bell, said the Thailand- pampered riencing growth of 15-20 per cent based DMC is now seeing Indian still prefers to book annually for the last five years. travellers venturing farther. Mayfair Airtravel Services India “Over the last 12 months, all these with knowledgeable managing director, Sharad Thada- Indian clients are going to Siem Reap, luxury planners but ni, said: “Luxury travel is a good which I’ve not seen before. They are knows what he wants space to be in. FITs now come with also enquiring about Myanmar,” said is getting more ideas. They are seasoned travellers Bell. “People are looking for other adventurous and so they know what they want. We destinations besides Thailand, Malay- don’t give them structured itinerar- sia and Hong Kong…It’s not the most willing to try newer ies.” stable time for the region, but we’ve places Canada, Turkey, Australia, done very well this year considering South Africa and southern Europe what’s (happened in Thailand).” TTG Asia luxury | December 2014 7 TTG Luxury Nov2014-p06-07 Luxurymarket India_redRHmy.indd 7 8/12/14 2:19 pm luxury markets hong kong & china Rafal Cichawa/123RF.COM Rafal Chinese ‘super tourists’ want adventure Hong Kong and mainland Chinese super travellers are just becoming more sophisticated, reports Gracia Chiang South-east Asian periences that “enrich their lives”.
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