International luxury travel market asia

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business) Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, hasn't worked . Russia's government is making just as much money from energy exports as it was before the invasion. Meanwhile, inflation is surging globally, adding to political pressure on heads of state such as US President Joe Biden, British Prime Minister Boris Johnson and French President Emmanuel Macron. That's forcing leaders from top economies who have gathered in Germany for a G7 meeting to consider a new route: slapping price caps on Russian crude . "The goal here is to starve Russia, … [Read more...] about Price cap on Russian oil could shake up the market

Share to Twitter Share to Linkedin A waterfront penthouse with a resort-like amenity has landed on the market for $16.35 million, making it the highest-priced condo listing in Sarasota, Florida, according to listing agent Moriah Taliaferro of Premier Sotheby’s International Realty’s downtown Sarasota office. A large outdoor area with a putting green is among the unique features and contemporary finishes that embrace the residence at 605 South Gulfstream Avenue in the Epoch building, all while offering enviable views of the bay and the city’s skyline from the floor-to-ceiling windows. “This exceptional penthouse offers west-facing orientation to take full advantage of the waterfront views,” said Taliaferro. “Its generous indoor and outdoor living areas provide the feel of a single-family home with the convenience and service of a luxury condominium. Located within one of downtown’s most desirable neighborhoods, Sarasota’s renowned restaurants, shops and … [Read more...] about Florida Estate With A Putting Green Hits The Market For $16.35 Million

Share to Twitter Share to Linkedin One of the biggest challenges for any purpose-led brand pursuing game-changer status isn’t breeding a fanbase who ‘get it’ but selling a vital new narrative to the hardcore apathetic. For fashion, mired in climate crisis and battling the clock to cultivate a circular economy, retuning fans’ mindsets (America throws away and 2150 pieces of clothing every second and even people with positive eco intentions are loathe to sacrifice what they perceive as an identify-defining hobby ) is now mission imperative. Dutch fashion brand 1/OFF Paris, whose couturiers splice together or respectfully reinterpret iconic vintage garments to create ultra-covetable new pieces (think: a Levi’s denim jacket with Chanel’s quintessential ladies-who-lunch tweed; double layered jeans; or two oversized classic men’s blazers tailored into a freshly feminized silhouette) is doing just that. Selling to an audience including legions of the … [Read more...] about 1/OFF Paris: 400% Growth For The Upcycled Fashion Brand Taking Sustainability To Luxury’s Eco-Apathetic

Share to Twitter Share to Linkedin With the blueprint for luxury fashion retail sprouting unprecedented new contours - fueled both by streetwear’s freshly gilded edge and millennials’ disregard for heritage without innovation, edge or obvious purpose - it’s perhaps unsurprising that an appreciation of off-piste brand behavior is booming. From bastardized logos to rough and ready email marketing - galvanized by a coterie of potshot-taking Insta-famous artists that are even buddying up with the brands they satirize - subverting or dismantling formerly sacred brand codes is swiftly becoming a fast-track to modernity While a respect for heritage (as we traditionally know it) isn’t dead, it’s certainly no longer solely enough to satisfy younger, ‘digitally native’ luxury appetites, who according to a globally-reaching 2017 survey by Deloitte have more impulsive spending habits than ever before ( almost 20% buy simply to treat themselves ) and regard quality and … [Read more...] about Why Brandalism Has Become A Luxury Brand’s New Best Friend

Share to Twitter Share to Linkedin At the start of Avenue Montaigne, in the heart of Paris, stands the newly opened Henry Jacques Perfumes boutique. Though the family-owned French perfume house was launched in 1975, this is their first store in their home country. That’s because the location and building itself had to be perfect, with a rich history—no compromises or corner cutting, true to the heritage of Henry Jacques Perfumes . And flawless it is, with its Belle Époque exterior, and a private garden—a true rarity on Avenue Montaigne—with flowers that change with the season. “It was my dream to enter the store through a garden,” says Anne-Lise Cremona, CEO of Henry Jacques Perfumes. “I wanted a house, a place where clients can come and spend time, because luxury is time for yourself—it’s very rare. We started with the idea of having a boutique concept, like a home, to have a bit of mystery to treat the perfume the best we could, with no limits on the … [Read more...] about Henry Jacques Perfumes Carries On Old World French Perfumery With A Luxurious Twist

- A + A (June 27): Chinese stocks extended gains into a fifth week, bringing them close to a bull market, as investors turned increasingly upbeat amid eased pandemic curbs in Shanghai. Tech shares also rallied in Hong Kong to the highest in nearly four months. The recent rebound in Chinese equities, which started in April while stocks elsewhere were still selling off, is gaining momentum thanks to an improving economic outlook as well as persistent monetary and fiscal stimulus. President Xi Jinping's planned visit to Hong Kong is boosting stocks that would benefit from easing pandemic restrictions such as Macau casinos. The benchmark CSI 300 Index gained 1.1%, adding 4% in three sessions, led by consumer shares, as Shanghai's leader declared victory in defending the financial hub against Covid-19 and will this week allow residents to dine in restaurants in some areas deemed lower risk. Drinks maker Eastroc Beverage Group Co and food supplier Yihai Kerry … [Read more...] about China stocks approach bull market as investors catch up on gains

Share to Twitter Share to Linkedin When Loes Douze started a sailing company in the brilliant waters around southwest Turkey, hardly anyone was going to Bodrum. It was 1993, after all, that the world had yet to discover the Turquoise Coast, a place that more than lives up its name (not exactly taken from the shade of the sea, but one that might as well have been). What a difference three decades makes. Now those waters—especially as plied aboard a traditional Turkish gulet or ketch (wooden sailing yacht)—are one of the world’s most popular sailing destinations, and a wish-list item for even wanna-be sailors. A quick Google search turns up dozens of companies offering charters. But Douze’s company, ScicSailing , still stands out. First, there’s the pioneering experience that she and her Turkish business partner bring to the proceedings. Then there’s her dedication to the name, which stands for Sailing Cruises in Comfort and which she pronounces … [Read more...] about Sailing Turkey’s Turquoise Coast In Memorable Style: ScicSailing

Share to Twitter Share to Linkedin This June marks the unveiling of the very first Michelin Guide Dubai and the Dubai selection 2022, with a total of 69 restaurants covering 21 cuisine types; 14 restaurants getting a Bib Gourmand; nine receiving a Michelin Star; and two earning two Michelin Stars. Dubai is the latest addition to the 35 culinary destinations across North America, South America, Asia Pacific and Europe. Home to thousands of restaurants serving a variety of cuisines from fine dining to street food, headed by talented international and homegrown chefs, the Michelin Guide Dubai is providing a fresh perspective and new insights into the diversity, creativity and multicultural nature of Dubai’s culinary offering - one that is drawn from traditional Emirati cuisine, as well as from the cuisines of more than 200 other nationalities living in the city. The Michelin Guide Dubai 2022 at a glance: • 2 restaurants with two Michelin Stars • 9 … [Read more...] about First Michelin Guide Comes To Dubai

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A DESPITE the reopening of borders since April 1, when Malaysia allowed quarantine-free travel for fully-vaccinated travellers into the country, it will be some time before the hotel industry regains a strong footing following the debilitating lockdowns of 2020 and 2021. In fact, it may well take another year at least before operators can operate at their full capacities at pre-pandemic levels, Malaysian Association of Hotel Owners (MAHO) president Tan Sri Teo Chiang Hong tells The Edge. “Average occupancy rates are an estimated 30% to 50% of pre-pandemic levels,” says Teo, who is owner and director of One World Hotel in Petaling Jaya, Selangor. He notes that resort destinations are seeing full occupancies while city hotels still face low occupancy. As at November 2020, a total of 204 tourism and hotel operators had shut down following the impact of the … [Read more...] about The State of the Nation: Hospitality industry struggling to cope despite borders reopening, brighter prospects

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A THE momentum to adopt environmental, social and governance (ESG) criteria and sustainability practices in the capital market has picked up significantly in the past few years. By the third quarter of 2021, assets in global sustainable funds hit a record high, according to investment research firm Morningstar. At the same time, more than 70 countries — including the biggest polluters — have set a net-zero target and over 1,200 companies have put in place science-based targets to reach net-zero emissions, according to the United Nations. In Malaysia, at least 44 out of the 54 Sustainable and Responsible Investment (SRI) funds approved by Securities Commission Malaysia were launched in the last two years. As at December 2021, 94% of the top 50 listed companies in Malaysia had ESG strategies and 68% had emissions reduction policies, according to PwC’s research. … [Read more...] about HONOURING MALAYSIA’S BEST PERFORMERS IN ESG EXCELLENCE: The Edge to roll out Malaysia’s first ESG awards