Buyer Registration Opens for International Luxury Travel Market Asia 2016

Buyer registration has opened for the International Luxury Travel Market Asia 2016 which will take place 30 May - 2 June in Shanghai, China.

Up to 500 exhibitors will showcase their brands and launch new products to the buyers and some industry media.

Organisers this year have put a strong focus on recruiting more buyers from China as well as Singapore, Indonesia and Hong Kong.

Over 40% of the hosted luxury travel buyers at ILTM 2016 are expected to be first time attendees.

“ILTM Asia invites and hosts only those buyers who have significant business to place with exhibitors from multiple global destinations. With the combination of growth in both travel and wealth coming out of the Asia Pacific and especially China, we’re proud to offer exhibitors a valuable opportunity to reach this key source market,” said Alison Gilmore, Director, ILTM Portfolio. “Products or trips marketed as ‘authentic’, ‘limited edition’ or ‘VIP’ have always appealed to travellers from China. That used to mean shopping for luxury brands and visiting landmarks, but it now stretches to polar expeditions, cruises and safaris, all of which can be sourced in one place - ILTM Asia 2016.”

Luxury Travel

International tourist arrivals grew by 4.4% in 2015 to reach a total of 1,184 million, according to the latest UNWTO World Barometer.

Some 50 million more tourists travelled to international destinations around the world last year compared to 2014, and 2015 also marked the 6th consecutive year of above-average growth, with international arrivals increasing by 4% or more every year.

China continues to lead the growth with outbound trips from China predicted to double by 2020, to approximately 234 million annually.

Chinese tourists are the biggest global spenders with total overseas spending increasing by 23% to US$229 billion in 2015, and projected to reach US$422 billion annually by 2020, as reported by the Fung Business Intelligence Center.

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