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Beyond traditional destinations: With a shift in Chinese tourist preferences, US tourism officials face scramble for new wave of visitors seeking unique and shareable experiences.
From the beaches of Oahu to the bustling streets of Manhattan, American tourist hotspots now face a significant economic challenge: a sharp decline in Chinese tourists, a critical demographic known for its substantial spending power.
Read moreChina’s outbound travel has undergone dramatic changes as a result of the pandemic, with domestic travel riding on a high wave, but a new study shows changing tides
As one of the last countries to remove pandemic-related restrictions, China’s outbound travel sentiments are closely watched. And today, with freedom returning, many affluent Chinese travellers are looking to spend more on travel in the year ahead, and to do so with a renewed need for escapism and exploration, according to ILTM’s new Buzz or Reality research, Decoding the Luxury Traveller Mindset: Spotlight China.
Read moreMeryam Schneider, senior vice president of affluent research specialist, Altiant, grants a sneak peek into its new China-focused report, published in collaboration with ILTM Asia Pacific for the event’s edition this June
Your new report, Decoding the Luxury Traveller Mindset: Spotlight China, looks at a hot topic: the travel behaviours of wealthy Chinese. There have been so many other studies on Chinese travel intentions, so what makes this latest study stand out from the rest?
Although the topics of revenge travel and resuming international travel has been portrayed publicly, this report has much more granularity and dives right into the push and pull factors.
Fox Communications has collaborated with the luxury insight specialist, Altiant, to collect quantitative data that sheds new light on how the modern High Net Worth (HNW) community differs from generation to generation. The research has been conducted over the past six months and is based on USD millionaires, with each individual manually verified by Altiant, namely those with $1m or more (or equivalent) in Investable Assets (IA).
Read moreIn this article, we will take a look at the 12 most undervalued hotel stocks to buy according to hedge funds. To see more such companies, go directly to 5 Most Undervalued Hotel Stocks To Buy According To Hedge Funds.
Last year was full of surprises for investors. Rising inflation, Russia’s invasion of Ukraine and the Federal Reserve rate-hike spree didn’t give investors any sigh of relief. But despite the widespread complaining about high inflation, one of the sectors that continued to show resilience was travel and tourism. Several reports show that consumers are continuing to spend on travel and entertainment despite inflation worries.
Read moreHausse du budget, aspirations de la clientèle, attractivité du Web3, canaux de distribution... Kantar et Altiant ont publié le rapport "Territoires de désirs" dédié aux attitudes de consommation et à la relation des clients envers le luxe en 2023.
Read moreLast week during ConnecTALKS: Holiday Purchase Intentions of the Affluent, Connections’ luxury trends advisor and Knowledge Director at Altiant, Chris Wisson, explored the current state of luxury and the changing definition of luxury amongst high net worth individuals (HNWI) respectively. Chris also gave highly-detailed research on why sustainability and responsible travel are becoming more on-demand within our industry.
Read moreMore luxury brands are touting their sustainable initiatives — from traceability to supply chain collaboration and more — to reach conscious consumers, but only a select number of affluents are looking into the details.
While there is still considerable uncertainty regarding the global pandemic, luxury market researcher Altiant compiled findings from its Luxury Consumer Sentiment and COVID-19 survey to get a better understanding of consumer perceptions. According to the report, French luxury consumers are showing a considerable amount of skepticism toward vaccinations, compared to their U.S., U.K. and China counterparts…
Read moreAs governments around the world continue rolling out vaccination strategies, luxury consumer sentiment toward COVID-19 is beginning to shift.
While there is still considerable uncertainty regarding the global pandemic, luxury market researcher Altiant compiled findings from its Luxury Consumer Sentiment and COVID-19 survey to get a better understanding of consumer perceptions. According to the report, French luxury consumers are showing a considerable amount of skepticism toward vaccinations, compared to their U.S., U.K. and China counterparts…
Read moreMore European lockdowns may hamper luxury recovery.
With another wave of COVID-19 infections hitting Europe as several countries struggle with vaccination rollouts, a new round of restrictions may cast doubts over the speed and health of the region’s economic recovery.
Read moreStella McCartney, Louis Vuitton and Chanel perceived as most sustainable.
While sustainability has gained traction as a global issue over the last several years, the COVID-19 pandemic accelerated and amplified this focus across the luxury sector.
Read moreIn this first of MRWeb’s video podcast series, the organisation takes a closer look at how luxury markets are faring in a time of Covid, and the challenges of researching this sector. MrWeb's Nick Thomas talks to Lars Long, Chief Executive of Altiant.
Read moreThe Covid-19 pandemic has shaken up nearly every consumer category, influencing new behaviours, stifling some industries and inspiring growth in others. Emerging trends in the luxury sector suggest extravagance is being usurped by nostalgia and sustainability.
Dynamics within the luxury sector are changing. If you’ve found yourself slipping on your father’s vintage watch this year or gazing at sepia-tinted photos of past holidays, you’re not alone. In a study published in the journal Frontiers, researchers found that nostalgia enhances well-being and feelings of social connection. Given the impact that Covid-19 has had on the way we live, work and shop, it is unsurprising that imposed isolation during the pandemic has fuelled nostalgia-driven luxury purchases…
Read moreLuxury Daily honors Gucci, Saks Fifth Avenue, ForwardPMX, Condé Nast, Altiant and Jean-Christophe Babin as the winners of the 2020 Awards in their respective categories.
Read moreAltiant is Luxury Daily’s 2020 Luxury Market Researcher of the Year for its development and presentation of valuable research and tools to help luxury brands navigate the COVID-19 pandemic.
Read moreTourism players are being urged not to forget sustainability amid the pandemic as research reveals it remains a top priority for luxury travellers.
Speaking at the virtual ILTM World Tour Asia Pacific, Meryam Schneider, vice president of marketing and partnerships at luxury and wealth researcher ALTIANT, said the Covid-19 crisis has highlighted the importance of tackling climate change, propelling the issue to the forefront of affluent travellers’ minds.
Read moreTourism players near and far are clamouring for a slice of Asia-Pacific’s ultra-wealthy pie, as the luxury market looks set to be among the first to rebound when travel resumes.
Gearing up to tap into that market, destinations are drawing up exclusive itineraries, re-packaging products and launching marketing campaigns targeting the region’s luxury travellers.
Read moreWith billions spent annually in luxury & wealth advertising, media buyers and planners require more demonstrable ROI. To address this, Altiant is delighted to announce the launch of the Millionaire Media Consumption Subscription covering 4 Markets, unveiling the habits of 1,000 millionaires including but not limited to their use of print and on-line publications, digital platforms and their interactions with advertising.
Read moreAs lockdowns steadily resume across Europe in an effort to combat rising numbers of coronavirus cases, luxury brands will face another set of challenges across the supply chain.
Read moreAs a contentious election season dominated by the coronavirus pandemic comes to a close, the results — which may not be known for days or weeks — will have repercussions across the luxury and financial sectors in the United States and beyond.
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