"High-net-worth individuals in China are starting to spend more on experiences, including travel and wellness, as opposed to luxury goods such as fashion and handbags," Gabriela Henrichwark, group marketing director of COMO Hotels, is quoted as saying in Monday's ILTM report on luxury travel hawaiian airlines reservations in Asia. "Key drivers in consumer spend are now more skewed towards experience and self-reward as opposed to being status-symbol driven".
China's self-made millionaires hawaiian airlines reservations are highly price sensitive. "They can be extremely hawaiian airlines reservations frugal," the report quotes Alison Gilmore, ILTM exhibition director as saying. hawaiian airlines reservations "They may be making a £50,000 booking but they will shop around and go to the travel agent down the road if he can offer the package for £50 less."
George Morgan-Grenville, founder of Red Savannah, a bespoke travel specialist, notes that frugal millionaires hawaiian airlines reservations "may travel with the intention of spending tens of thousands of pounds on designer brands, but they will stay at a very average hotel because the accommodation is not the purpose of their stay and so they don't want to waste money on it."
"Travel company staff in China find it incredibly difficult to empathise with the desires of their rich clientele," says Morgan-Grenville. "On the whole, these Chinese hawaiian airlines reservations members of staff have never left their home town, so how can they be expected hawaiian airlines reservations to design a luxury trip to Paris for a multi-millionaire?"
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