ILTM Asia Pacific
ILTM Asia Pacific. Prepare for an exceptional edition of the International Luxury Travel Market (ILTM) Asia Pacific. Scheduled from July 1st to 4th, 2024, at Marina Bay Sands. This year’s event is poised to welcome an impressive 650 international buyers.
Steve O’Loughlin, ILTM’s Hosted Buyers Manager, revealed to TTG Asia. “The presence of 650 accredited buyers this year represents a notable 28% increase compared to 2023. Thirty-six percent originate from Australia and New Zealand, while over 100 luxury buyers from China are expected to attend – double the count from last year.”
Moreover, nine percent of attendees are from India, underscoring the region’s significance for ILTM.
“With India’s ongoing infrastructure development, including plans for additional airports over the next four to five years, we foresee a promising surge in outbound travel. It’s crucial for us to engage with buyers involved in India’s burgeoning wealth,” added O’Loughlin.
This surge in participation reflects the robust interest in travel across the region, aligning with the expected rise in spending on leisure travel projects by outbound travelers.
O’Loughlin emphasized ILTM’s rigorous buyer selection process, ensuring the participation of top-tier industry decision-makers. Buyers must demonstrate their dealings with high-net-worth individuals and maintain an annual income of at least one million pounds (1.3 million US dollars) to qualify.
Throughout the event, buyers will have 54 pre-scheduled 15-minute appointments, offering ample opportunities for meaningful connections. Additionally, they can engage in various networking opportunities during the Opening Forum and Closing Party. Furthermore, this year’s edition promises increased representation from European and Japanese destinations.
“There has been a noticeable uptick in flights from Asia-Pacific to Europe, with European hotels actively participating in the exhibition. Inbound travel to Japan is also experiencing remarkable growth, with travelers increasingly exploring lesser-known destinations,” explained O’Loughlin.
