Luxury Travel & Lifestyle Trends

Over the last couple years, ART has become a central focus for hoteliers due to its appeal to affluent consumers (i.e. art is a part of an affluent lifestyle), its ability to add personality to any room, and the value it adds to the guest experience. An added benefit - it can be a very good investment over time. As a result, we’re seeing more and more hotels creating distinctive interiors by keeping up with some of the hottest trends affecting the art market.

Social media’s proliferation has helped to advance public relations and marketing practice. Yet, despite the long distance we’ve traveled in just a short time with social media, we still have much to learn about both its potential and its limitations. So whether you’re an experienced social media user or are just developing this as a part of your communication program, we call all benefit from recognizing some common myths surrounding social media.

You’ve got to aim to get your message everywhere for maximum impact, giving your target markets the chance to listen to it, watch it, and read it - whenever they want it. Ubiquity is a watchword because of the fragmentation of people’s media consumption habits, as in we can no longer count on reaching the masses at least once through several media channels (an exception possibly being the Super Bowl).

Just about everyone is in agreement, and above all affluent travelers, that the hotel star system worldwide has lost credibility. The proof of the pudding? Hotels have had to call themselves six or seven star to affirm their luxury credentials.

Anyone who doubts the committed audience of online communities should have gone with me to Miami Yelp’s Spice Trade hosted by the Mandarin Oriental, where local reviewers could mesh in real life. It was quite a happening, with some of the Miami’s leading restaurants offering up Chinese dumplings, Indian curry, California rolls, cupcakes, and exotic drinks to match.

There are increasingly more articles in the mass media about hotels not rate-cutting or offering value adds – a sign that times are starting to change. So what’s the deal? Quality seems to making a comeback as a motivator in buying decisions of the affluent (though in the case of a few brands such Hermes, that was never a factor, as it was one of the luxury brands that had the lowest drop in sales in this year’s Great Recession).

With 300 million tourists annually, religious tourism is the fastest growing tourism niche worldwide, according to the World Tourism Organization.

Until now, being “green” has predominantly meant selling eco-friendly products or services. But this year’s tough economy presents a new opportunity for businesses to take environmental stewardship to a new level – by helping customers buy less stuff. But it has to be the “right stuff.”

While it may sound odd to buy virtual merchandise - whether it be buying a few outfits, shoes, jewelry or getting your nails done – these are among a plethora virtual merchandise that one will never hold in their hand. To proponents, the beauty of such low cost purchases is that they are inexpensive entertainment, and work the same magic as a $30 game, a movie or a salon treatment.

Value added alone is not enough. Early in 2009, many marketers thought that offering “value adds” would be enough - i.e. a four-night stay for the price of three, a resort credit, a free dessert when ordering an entrée, etc. As the year progressed, it was obvious that these initiatives weren’t enough. The overall rate had to be priced right as well.