TTG Asia Luxury May 2018 | Page 8

editor’s note W e’re proud to be partnering Reed Exhibitions for this co-branded edition, which includes an ILTM Asia-Pacific focus from pages 20 to 52. Asia-Pacific is exciting right now for buyers and sellers of high-end travel. More destinations in the re- gion, realising there’s a new backyard EDITORIAL Karen Yue Group Editor ([email protected]) Xinyi Liang-Pholsena Editor, TTG Asia ([email protected]) S Puvaneswary Editor, Malaysia/Brunei ([email protected]) Mimi Hudoyo Editor, Indonesia ([email protected]) Pamela Chow Reporter, Singapore ([email protected]) Rachel AJ Lee Sub Editor ([email protected]) Yixin Ng Sub Editor ([email protected]) Rebecca Elliot Correspondent, Australia ([email protected]) Adelaine Ng Correspondent, Australia ([email protected]) Marissa Carruthers Correspondent, Cambodia Myanmar, Laos, Vietnam ([email protected]) Rosa Ocampo Correspondent, The Philippines ([email protected]) Prudence Lui Correspondent, Hong Kong ([email protected]) Caroline Boey Senior Correspondent, China & Special Projects ([email protected]) Julian Ryall Correspondent, Japan ([email protected]) Rohit Kaul Correspondent, New Delhi ([email protected]) Feizal Samath Correspondent, Sri Lanka/Maldives ([email protected]) Tan Kok Yong, Redmond Sia, Goh Meng Yong Creative Designers Lina Tan Editorial Assistant Paige Lee Pei Qi Assistant Editor, Special Projects ([email protected]) 2 TTG Asia luxury | May 2018 of sophisticated travellers, are put- ting a greater emphasis on high-yield tourism, not necessarily just the idea of more dollars from fewer bigger- spending visitors, but giving a bigger nod to sustainability, knowing well that discerning travellers won’t take kindly to haphazard development or overtourism. The private sector, recognising luxury travellers want authenticity and experiences, are sussing out new places in the region to plant their flag – take Rosewood Hotels & Resorts, which has just opened in Luang Pra- bang, Laos (see page 53), or Capella Hotel Group, which is hoping to make a difference in a more established Asian destination, Bali, with an ultra-luxurious tented camp con- cept. As a source market, Asia has beaten Europe as having more ultra-rich people – those earning US$50 million or more in net assets – after a 15 per cent rise last year, according to a Knight Frank report. Turbo-charged SALES & MARKETING Michael Chow Group Publisher ([email protected]) Pierre Quek Publisher ([email protected]) Ar-lene Lee Senior Business Manager ([email protected]) Jonathan Yap Senior Business Manager ([email protected]) Shirley Tan Senior Business Manager ([email protected]) Ingrid Chung Business Manager ([email protected]) Cheryl Tan Corporate Marketing Manager ([email protected]) Kwek Wan Ling Marketing Executive ([email protected]) Delia Ng Digital Marketing Strategist ([email protected]) Cheryl Lim Advertisement Administration Manager ([email protected]) growth is expected in the next five years: Japan is tipped to see a 51 per cent rise in the number of ultra-rich individuals, India 71 per cent, Indonesia 66 per cent, Malaysia 65 per cent, and so on. Such prospects see Western companies itching to enter Asia, including London-based Scott Dunn which bought Singapore luxury travel agency, Country Holidays, in January, and Virtuoso, which has just dedicated a regional director Asia based in Singapore (see page 62). Established local outbound companies meanwhile are launching luxury labels, such as Chan Brothers Singapore with its Prestige. So much is happening. Where best to understand the energy and dynamism of Asia-Pacific’s luxury market than at the inaugural ILTM show in Singapore? Luxury players agree: some 600 sellers and 600 buyers are going. So am I. See you there. Raini Hamdi, Senior Editor Carol Cheng Assistant Manager Administration and Marketing ([email protected]) PUBLISHING SERVICES Jonathan Wan Division Manager Kun Swee Qi Publishing Services Executive Nur Hazirah Web Executive Katherine Leong Circulation Executive TTG ASIA MEDIA Darren Ng Managing Director ([email protected]) Raini Hamdi Senior Editor ([email protected]) OFFICES SINGAPORE 1 Science Park Road, #04-07 The Capricorn, Singapore Science Park II Singapore 117528 Tel: [phone] Fax: [phone] [email protected]; www.ttgasia.com HONG KONG 8/F, E168, 166-168 Des Voeux Road Central, Sheung Wan, Hong Kong Tel: [phone] Fax: [phone] TTG Asia Luxury is a product by TTG Travel Trade Publishing, a business group of TTG Asia Media. It is mailed free on written request to readers who TTG Travel Trade Publishing is a meet predetermined criteria. Paid business group of TTG Asia Media subscriptions are available to those who do not meet the criteria. MCI(P)033/08/2017. PPS1884/02/2017 (025625). Printed by Times Printer Pte Ltd, 16 Tuas Avenue 5, Singapore 639340.