Singapore, the vibrant heart of Asia Pacific, hosted the much-anticipated ILTM Asia Pacific 2024 from July 1-4, marking a pinnacle event in the luxury travel industry. Over 650 luxury travel advisors, representing high-net-worth individuals from 30 countries, gathered to forge connections and explore business opportunities in the rapidly expanding market.
A Gathering of Influential Minds
The opening forum on July 1 set the stage with a comprehensive global outlook from the Economist Intelligence Corporate Network. Their insights revealed that Asia is projected to contribute 60% of global GDP growth in 2024, surpassing pre-pandemic levels. This underscores the region’s pivotal role in driving future economic expansion.
ILTM’s dedicated consumer intelligence research, conducted in partnership with FINN Partners, highlighted a significant shift in travel dynamics. The study revealed that China’s female travellers, who influence 70-80% of travel decisions, are reshaping the future of luxury travel. These women accounted for nearly 60% of Chinese tourists last year, showcasing a notable shift in gender dynamics within the world’s largest source market.
Voices from the Industry
Attendees, including over 50 influential media representatives, were thrilled to connect with luxury travel providers worldwide. Sue Basedow of MTA Travel in Australia praised ILTM: “In my 40 years in the travel industry, ILTM is the best luxury travel event worldwide. The connections I make are invaluable, fueling my passion to create unique itineraries for my clients.”
Bobby Peng from Hovering Travel in China shared his perspective: “ILTM Asia Pacific is an efficient way to conduct business. The appointments are perfectly timed and of excellent quality. My clients will greatly benefit from the new contacts and knowledge I’ve gained.”
Kenneth Cai from Singapore’s beCuriou added, “My first ILTM experience has been remarkable. The networking opportunities and discovery of hidden gems have been wonderful. I’m already looking forward to next year.”
Kottanop Sibaphirunthep of Various Tour & Travel in Thailand echoed these sentiments, “ILTM Asia Pacific is well-organized. Our clients seek high-end, standout experiences, and the range of luxury products here has exceeded my expectations.”
Exhibitors Reflect on the Event’s Impact
Exhibitors were equally enthusiastic about the event. Pascal Visintainer of ACCOR Luxury & Lifestyle noted, “ILTM Asia Pacific is back with immense demand for luxury travel from the region. Our partnership with ILTM continues to benefit ACCOR’s global luxury portfolio.”
Julie Rogers of PONANT Expeditions highlighted the event’s growth, “Each year, the quality of agents improves. They are impeccably selected and perfect for Ponant.”
Kylie Stever of Baillie Lodges shared her excitement, “This is our first ILTM Asia Pacific, and I’m delighted with the quality of agents I’ve met. They are well-researched and here to do business.”
Jen Pagett of Uniworld Boutique River Cruises concluded, “We were the most requested independent exhibitor by luxury travel buyers. Our meetings with agents and media have been incredible, and we look forward to next year.”
Looking Ahead to 2025
As the event drew close, the anticipation for ILTM Asia Pacific 2025 was palpable. Scheduled for June 30 – July 3 in Singapore, next year’s event promises to continue fostering invaluable connections within the luxury travel industry.
Visit ILTM Asia Pacific for more information about ILTM events in 2024, including ILTM North America in the Bahamas (September 23-26) and ILTM Cannes (December 2-5).
Written by: Kanda Limw
