MILLIONAIRE ASIA International Luxury Travel Market Asia 2012 |
www.iltm.net/asia Leaving footprints around the world
Asia-Pacific is home to many of the world’s fastest-growing millionaires. According to a 2011 study by Merrill Lynch Wealth Management and Capgemini SA, there are 23,000 ultra-high net worth individuals in Asia to date, an increase of 14.9% from the previous year.
As the world’s second largest market for millionaires, luxury travel is certainly a booming industry in the East. This growing affluence, along with globalisation, is enabling more Singaporeans to travel overseas for business and leisure. The city’s top notch infrastructure and ease of travel make it a transportation hub for the region.
Malaysia has always been a popular Asian destination for Singaporeans. Some of the up-and-coming destinations include South Africa and Brazil, while China, Europe, Taiwan, Australia and Korea are expected to remain hot destinations for the Singaporean globetrotters.
In a recent survey conducted with experienced travellers and travel experts, top travel trends include everything from niche luxury cruises to made-to- measure adventure travel in uncharted regions. Well-heeled travellers are seeking over-the-top adventures in intriguing new destinations.
Think luxury adventure experiences from safaris, heli-ski trips, and niche boat cruises, to specially conducted art tours, culinary courses and fast- car road trips – all set in the scenic backdrops of Cape Town, Provence, Tuscany or New York. We’re certainly taking the road less travelled.
Brian Yim Group Publisher and Managing Editor, MillionaireAsia
There are 23,000 ultra-high net
worth individuals in Asia to date
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