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Thursday, September 14, 2017

The Key Demographic That Travel Marketers Are Forgetting About

This story originally appeared on Skift.com, for which I am the luxury correspondent.
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Despite often being ignored by marketers, who tend to focus their attention on the millennials, older baby boomers and the so-called matures, mid-lifers (ages 45 to 59) form a vast and relatively affluent legion, representing 16 percent of the world's population.

Global Mid-Lifers at a Crossroads: Lifestyles and Market Impact, a new report from Euromonitor International, examines the lifestyles and spending habits of members of this group, whose relatively high incomes make them an important market for luxury goods and premium products and services of all types, including, of course, travel.

This Mid-lifer subset comprises baby boomers born in the late 1950s and early 1960s. Younger baby boomers were the first to coin the term, "40 is the new 30." Different from their generational cohorts born right after World War II, later boomers embrace the idea of staying active and continually evolving, no matter their age. Even though they may be in their 50s, many are embarking on new careers or new relationships.

According to the report, "Mid-lifers do not want to be ignored by businesses, but nor do they want to be singled out, stereotyped or treated in a patronizing manner." That said, marketers cannot take a one-size-fits-all approach with this group, given the fact that some may be empty nesters, while others are raising younger children; or that some are married and others singles. That's why the report notes, "Mid-lifers should be targeted in terms of life stage as much as age." For example "for those harried parents squeezed between bringing up children and looking after aging parents, convenience and price will be key factors in purchasing decisions."

What are the advantages are marketing to Mid-lifers? According to the report, overall, Mid-lifers have the highest spending power among all age groups. Many are at the peak of their careers, while others may have received inheritances or made money on real estate, or a combination of wealth thereof. This makes the group a logical target market for luxury and indulgence items.

The report also notes that wellness and relationships are the key to Mid-lifer's sense of happiness. They are seeking a better work-life balance, and are choosing to slow down, change direction or fulfill lifelong dreams.

That may be one reason why divorce is becoming more common at this stage in life. Another is because divorce has lost its stigma in more traditional countries, such as Italy. The country's 2015 divorzio veloce (quick divorce) procedure reportedly received 50,000 request within two months of being introduced.

Euromonitor cites a study by UK-based QualitySolicitors finding that "over- 45s who get divorced report feeling "relieved", "excited" and "more confident. Some 17 percent of respondents said hitting middle age highlighted what they were missing in life, with divorce one of the first steps to nding happiness for 40 percent. That's a huge opportunity to travel marketers, with an appeal to divorced spouses feeling the need for freedom and adventure at this particular juncture.

Another opportunity for travel marketers is this group's intense emphasis on health and fitness. "Mid-lifers are focusing on improving their health and appearance through diet, exercise and lifestyle. Energetic pursuits have become popular among this age group the world over."

According to Tim Simons, the founder of Build Coaching, an Australian business consulting company, who is quoted in the report, "Fitness is the new mid-life crisis. The old-school, traditional mid-life crisis has been about buying things and feeding the ego, and while fitness is also ego-related, this time it's a physical thing, and a transformational thing."

Growth in this segment isn't slowing down anytime soon. The report notes, "Mid-life consumers will continue to represent a huge and lucrative market, with population numbers expected to expand by 10 percent globally." Growth will stem largely from the Middle East and Africa (17 percent) and the Asia-Pacific and Latin America regions (both 11 percent), although incomes will continue to be much higher in North America and Europe.

Separating China from the pack, Euromonitor International reports the massive country accounts for 26 percent of the world's 45-59-year-olds. Incomes of those between the ages of 45-49 and 55-59 increased by 49 percent in constant value terms between 2010 and 2015. Given that China has the biggest and the fastest growing Mid-lifer demographic, one with a strong penchant for purchasing luxury, this is an extremely important market for the travel industry to pursue with alacrity.

Wednesday, August 9, 2017

More Travel Gadgets on Great Day Washington

Greetings, dear readers. Apologies for being AWOL, but this new luxury travel gig for Skift is keeping me going 24/7.  But I continue to squeeze in time for my Travel Tuesday gadget guru segments on Great Day Washington. Here's the most recent, which features items like A/Stand, AirHook, Face Cradle and the HydraPak collapsible water bottle. Take a look.


Tuesday, August 1, 2017

Five Luxury Travel Trends You Need to Know About

The story originally appeared in the Skift New Luxury Newsletter, for which I am the chief correspondent.
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Changes in the world are happening at warp speed, and the expectations of luxury consumers are following suit, according to The Future of Luxury, recently published by Sabre Corporation.
Palm Trees in Martinique
The report notes that smart brands will make a move toward more individualized and transformative forms of luxury in order to appeal to the new consumer ethos of wanting to broaden personal horizons while finding purpose and connection.
Sabre identifies five core trends that luxury purveyors should be paying close attention to — trends that tap into the desires to be unique and to access luxury on one’s own terms.
The five core luxury trends are:
1. The Quintessential Self: “The endless search to realize the idealized version of themselves that they carry around in their head.” Consumers are looking for brands to deliver goods to “help them fulfill their dreams to be better human beings.”
A prime example of a product appealing to this trend is Le Monastere des Augustines, about which we previously wrote. A bit more extravagant is Maverick Helicopter’s Yoga in the Desert. For “just” $3,500, yogis are transported by helicopter from Las Vegas to Valley of Fire State Park for a 75-minute class.

2. No-Frills Chic: Growing numbers of experienced luxury travelers consider themselves post-status, according to the report. They say they are not drawn in by brand prestige, but rather by quality and purpose.
Many luxury travelers “are looking for more subtle indulgence, choosing low-key brands, products and services over showy opulence.” That said, as the report notes, even the display of shunning brands is a status play. It’s just an alternative way of expressing it.
Image result for louis vuitton luggage
cntraveler.com
Examples of “no-frills” include the 2016 introduction of a new Louis Vuitton luggage line with the LV logo obscured. Another example is Airstream, whose camper trailers range in price up to $140,000.
3. Premium Redeemed: “Thanks to an ever-greater awareness of the impact of their actions, many travelers feel increasingly guilty about the negative impact their consumption has on the environment, society and their health.” So, there is a rising demand for luxury products that make the world a better place. The report notes that businesses should be looking at how to make products sustainable and/or how the brand can do social good.
For example, in Nicaragua’s countryside, the not-for-profit American Nicaraguan Foundation runs a luxury resort helping local communities benefit from tourism. Nekupe Sporting Resort and Retreat is situated on land where slash-and-burn agriculture was previously practiced. According to Sabre’s report, “The aim of the hotel is to educate visitors about its goals of improving local employment, sustainable farming and environmental stewardship.”
Image result for Nekupe Sporting Resort and Retreat
Nekupe Sporting Resort and Retreat
sfgate.com


4. Extravagance on Demand: “Smart phone-fueled on-demand services have rewired the expectations of customers.” Luxury brands seeking to get a leg up must realize that their consumers expect the benefits of instant access and “will push their on-demand mindset to new highs, and into entirely new domains of consumerism.”
Recharge taps into this trend. The app allows consumers to reserve luxury hotel rooms by the minute. It debuted in New York this spring. The cost of a New York City luxury hotel by the minute: 66 cents to $3. (Doing the math, that’s $40 to $180 per hour).
Blade, an on-demand helicopter service, partnered with Delta Airlines to reduce travel time from JFK Airport to Manhattan. Upon arrival at JFK, an elite service team whisks guests and their luggage to an awaiting chopper, which takes them to Manhattan in ten minutes.
Image result for blade helicopter nyc
flyblade.com
5. Customized: “Many luxury travelers want to construct experiences that align with their unique interests, needs and values.” The report notes expectations around personalization are constantly being heightened online, where it appears everything can be tailored to individual preferences and interests.
Nothing’s more personal than your own DNA. Last year, London-based Travel Unwrapped launched DNA Unwrapped, a series of travel itineraries inspired by the traveler’s genetic code.

For more stories on luxury travel trends, please subscribe to the Skift New Luxury Newsletter.

Wednesday, June 21, 2017

The Inside Scoop on Luxury Travel Trends

As I continue to cover luxury travel in depth for Skift, there's little time to write new stories for DailySuitcase. So, dear reader, I provide you with links to a number of recent stories I have written for the leading publication for travel industry insight. Sign up for the Skift New Luxury Newsletter here. 


Where Luxury Tour Operators Are Going Next




BMW and Butterfield & Robinson Team Up



Photo of BMW Welt Courtesy of  BMW Blog


Luxury Tourists are Shopping Around


Beverly Hills, 9021-Oh


Tuesday, May 23, 2017

Summer Travel Tips and Strategies


This week, I appeared on Great Day Washington to discuss summer travel strategies. Here's the recap from the Great Day Washington team.
Veteran travel journalist Laura Powell of The Daily Suitcase joined us with a brand-new series of summer vacation tips just in time for the first long weekend of the season.
Whether you’re leaving town for a Memorial Day cookout or preparing for that destination cruise in July, here are her strategies to ensure smooth sailing on all trips.
1. Plan together
Powell says all travelers should participate in the planning of their vacation time.  Couples, families and groups should pick the destination and plan the itinerary together. This way, uncomfortable feelings and conversations can occur well in advance.
2. Do a test run
If you’re planning an extensive getaway with a new friend or significant other, Powell encourages trying out a ‘test run’ before booking it. A quick weekend trip could provide some insights into your travel partner’s habits and preferences that you may find insufferable over longer stretches.
3. Save money
If you’re planning on flying this season, consider registering for an airline-branded credit card. These earn you rewards and points toward your flights with every purchase.  Powell says this can also shrink baggage fees and help you board earlier.
4. Pack practically
Instead of cramming all your clothes into one suitcase, Powell suggests distributing clothes among one or more bags to avoid an all-too-common disaster.  If you do this, losing your luggage won’t be nearly as consequential.
For more expert travel tips and news, check out Powell’s blog at dailysuitcase.blogspot.com or her luxury vacations coverage for Skift at skift.com.  Want more articles like this? Follow Great Day Washington on Facebook, Twitter & Instagram for more! Watch everyday at 9am on WUSA9. 
 
© 2017 WUSA-TV  Hallie Miller

Tuesday, May 9, 2017

The Buzz on Bee Vacations

Hey, honey. Want to know the buzz on bee tourism? Well, it’s a thing, for starters. Concern over a declining bee population is translating into a buzz over destinations focused on their A-Bee-Cs. Here are five places around the world that are, simply put, the bee’s knees.


Slovenia

The first stop for a traveling apiphiliac (bee lover) is Slovenia. As the only EU country officially protecting its little critters, the southern Euro nation is the Queen Bee. Slovenia is considered the cradle of modern apitherapy and beekeeping has been part of its culture since days of yore. Wanna-bees can visit beekeepers, learn about biodynamic beekeeping and best yet, enjoy restorative apitherapy treatments. What’s on the spa menu? Honey and bee venom massages and beeswax thermotherapy, for starters. There’s also napping on beehives, which apparently is very calming. Snooze while breathing in bee emanations and listening to bee conversations, which drone on and on like white noise. Check out tour operator Apiroutes to get the latest buzz.


France

L’abeilles is the French word for bees. The hunt for l’abeilles (and no, French bees do not wear berets) starts in Paris. The swanky Mandarin Oriental has a penthouse for them. Ooh la la. Rooftop hives house 50,000 very busy bees, who produce honey used by the chef and by bartenders mixing up honey-inspired cocktails. Hotel guests who reuse towels are even rewarded for bee-ing green with a jar of house-made honey. In the countryside, the Rhône-Alpes region is honey heaven. Les Fermes de Marie specializes in holistic spa treatments based on the healing powers of honey. Vendors at the street market in the nearby village of Megève sell an entire range of bee products.

New Zealand

Photo Credit: Isabella Harrex
Honey from down under is creating quite a buzz with its health benefits attracting both the curious and the sweet-toothed. The country has thousands of beekeepers managing more than 500,000 hives. In the North Island’s far north, api-fanatics can go on hive tours focusing on how honey is made and the intricacies of the bee caste system. Bay of Plenty is the home of Comvita, a producer of Manuka—today’s “it” honey. Aside from sampling the sticky stuff at company headquarters, visitors can be a bee in a virtual beehive and take educational tours explaining how bees do their thing. In Dunedin on the South Island, the Blueskin Bay Honey company recently launched two-hour hive adventures enabling visitors to try their hand at beekeeping.

Uganda

Closer to the equator, there are several beekeeping cooperatives in Uganda. Visitors to the Bunyangabu Beekeeping Cooperative in Rubona can learn about the beekeeping process and how it benefits the community. They can also participate in candle-making workshops and honey-tasting sessions. Guests staying at Kyambura Gorge Lodge in Kichwamba can tour the Omumashaka Bee Keepers Cooperative and purchase honey there.

Photo Courtesy of Fairmont Royal York
Canada

In North America, there is a hotel brand of choice for bees. The Fairmont Royal York in Toronto has been the innovator—opening the first hotel rooftop apiary in the world in 2008. That same year, Fairmont became the first luxury hotel brand to develop a brand-wide Bee Sustainable program. The majority of Fairmont Hotels in the United States and Canada now wax poetic about the honeybee hives on their roofs. Resultant nectar is used in Fairmont hotel bars, restaurants and spas.

This story originally appeared here.  

Tuesday, May 2, 2017

Luxury Travel on Skift

Greetings, all. I haven't gone into hibernation. Rather, I have taken on a new gig covering luxury travel for Skift, the ultimate inside baseball publication for the tourism industry. Fear not, I will continue my other work, including the wacky travel gadget segments for Great Day Washington. 

For now, though, here are some links to the stories I've been reporting on during the past month. 

The Fundamentals of Luxury Travel Have Not Changed

Raffles Hotel, Singapore
Isolation is the Next Big Thing in Luxury Travel

Northern Norway
River Cruises Take Action

Aboard AmaWaterway's Ama Lotus
Travel Agents Rethinking the Brick and Mortar Experience

Check out Skift's New Luxury Newsletter every Tuesday for more coverage.