Luxury travel booms at ILTM Asia Pacific 2024
650 luxury travel advisors representing high net worth travellers from 30 countries participated in the event
TDM Editor
Given how Asia stands to be the fastest-growing market for luxury travel this year, luxury travel advisers trooped to Singapore to seek out fresh opportunities at ILTM Asia Pacific 2024.
From 1 to 4 July, more than 650 selected luxury travel advisors and curators representing 30 nations throughout Asia met up with global luxury travel providers in dedicated, mutually matched meetings.
Exhibitors were keen to make the most of their appointments with buyers to seek the increasing numbers of wealthy APAC travellers through their pre-scheduled appointments.
The event kicked off with an Opening Forum featuring a global outlook from the Economist Intelligence Corporate Network, highlighting that Asia is expected to account for 60 percent of global GDP growth in 2024. This figure is higher than the pre-pandemic average and serves as a key for growth opportunities.
Dedicated consumer intelligence research produced by ILTM in association with FINN Partners revealed that the future of travel is in the hands of China’s female travellers who make 70 to 80 percent of travel decisions and account for nearly six out of ten Chinese tourists last year, underscoring a shift in the gender dynamics in the world’s largest source market.