2013 Trends on Attitudes of the Ultra Affluent: Where, How & Why They Spend
Over the next 10 years, 95,000 people are predicted to break the US$30m wealth barrier—a cumulative 50% rise, which will take the total number of ultra high net worth individuals across the globe to around 285,665.
Interview With Joe Poulin: CEO & Founder of Luxury Retreats
I had the chance to pick the brain of this young, ambitious CEO to find out exactly how this venture got started, what makes this company stand out among the competition, and where we can expect to see more Luxury Retreats villas putting down roots.
Ahh, Walt Disney World—a magical place where fairytales come to life; families spend quality time together; and well-off Manhattan moms cheat the system so their young children don’t have to wait in long lines. According to the NYPost.com, a group of wealthy mothers hired ‘black-market tour guides’ who are handicapped so their children can cut to the front of the lines. This insider info has been passed around from mom to mom among the private school sector in NYC and many have been taking advantage, especially with how low the rates are. Dream Tours Florida is the company one mom claimed to have used, which charges $130 per hour and $1,040 for an eight-hour day, compared to Disney Tours’ VIP guide and fast passes from $310-380 an hour. So while money doesn't seem to be an issue, the same can't exactly be said for good parenting and morals.
China is seeing a noticeable change in the way its consumers perceive, and most importantly purchase, luxury goods in just the past couple years. Back in 2011, the country’s luxury market grew 30 percent in contrast to the mere seven percent in 2012, according to Bain & Company via Red Luxury. Where Chinese buyers were perhaps frivolously spending on high-end items, purchasing one-fourth of the world’s luxury goods in 2012, they now appear to be thinking much more realistically about quality and function, and not merely the label. With saturation possibly to blame, major luxury brands have been compelled to bring back an experience to their clientele. Instead of opening more storefronts, brands are moving toward providing memorable customer service and exclusive products that can't be found at every location.
Weigh in on this one.
Since the cost of a first-class ticket already ensures that high-end customers pay a premium for their space at the front of the aircraft, it is unlikely that passengers flying first class would ever be charged by the pound...
“2013 is and will be, a big spend year,” Dr. Jim Taylor, Vice Chairman, The Harrison Group, and main author of the 2013 Survey Of Affluence And Wealth In America, presented at the American Express Publishing Luxury Summit this week. “How can we...
Harrods, LVMH, Porsche, Tiffany & Co and some of Europe’s leading luxury hotels, we take a look at the extent of Qatar’s Investment Authority involvement in the luxury industry
According to Forbes, Qatar is officially the richest country in the...
Luxury brands move to merge corporate content and eCommerce platforms, as Ferrari integrates the Apple iPad mini and Siri technology into its FF hatchback
Will digital marketing bring new consumers to luxury brands? According to a new survey from...
We all know Bill Gates is the richest person in the U.S. and Gina Rinehart is the wealthiest in Australia, but what about all the other billionaires in between? In every major country there is someone carrying the burden of extreme wealth and Forbes was nice enough to put together a cohesive list so we can all see who to be envious of and call for a loan. There are a record number of billionaires in the world right now, totaling a net-worth of $5.4 trillion, with Carlos Slim Helu and his family topping the list at $73 billion and close to 80 affluent others at the bottom with a measly $1 billion each. To get the full run-down on each person, their exorbitant net worth, and country they monetarily dominate, go to Forbes.com.
Before a company can turn ideas into action, they usually look for some financial backing. In the world of travel startups, there are five men that are known for their deep pockets, business savvy and proven success. Brad Gerstner, Sam Shank, Erik Blachford, Rich Barton, and Hugh Crean are the angel investors (as well as founders, chairmen, advisors, board members and CEOs) behind many startups that have since become household names (like Zillow, Hotel Tonight, Expedia, Kayak, and Orbitz), and others that have more recently grown in popularity (like the photo-sharing app, Trover). The 'Fab Five' has also been known to invest in many of the same companies as well as each other's, perhaps proving the saying "great minds think alike" to be true. So if you think you have the next big idea for a travel startup and need some cash flow, credibility, or just some advice, these are the guys to call on. Find out more about them at Skift.com.
Though entitled Through The Looking Glass, Mr. Shullman’s extensive, clarifying survey has no relation to the Lewis Carroll book, where time moves backwards, and reality seems truly diffuse. In Mr. Shullman’s survey, affluent and luxury attitudes...
If the old saying, "success favors the well-prepared" is true, then David Young’s diverse background defines a kind of process inevitability—meaning, his prior experience led inevitably to this place where he is now: CEO and Managing Partner...
The story of Martin Miller Gin is so oft-repeated and well rehearsed at this point, every booze chronicler has covered it. Everyone knows of the British entrepreneur’s industry-leading demand for quality, his journey to find the purest water, and...
Luxury villas have been springing up all over the map in recent years; and it's no secret that they've been diverting the attention of discerning travelers who would normally be looking toward their favorite high-end hotel for an extended stay. With...
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