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Is travel retail one of the biggest untapped markets of the wine industry? Important transformations are reshaping the sector as travel bounces back. Help your wine to take-off by entering the Wine Travel Retail Masters competition before 29 July. Travel Retail was one of the most impacted sectors in the Covid-19 pandemic. Four years later, the industry seems to have bounced back, but not without changes. “Travellers are returning but buying patterns have evolved” warned Erik Juul-Mortensen, the president of TFWA in September 2023. In a world dominated by personalised marketing, he calls for a transition of the travel retail industry from a one-size-fits-all approach. This is a strategy leading French wine brand Paul Mas recently adopted, as they announced the launch of their exclusive Travel Retail range at the latest TFWA Asia Pacific Exhibition in Singapore. “We aim to provide travellers with an unparalleled wine experience that captures the essence of French luxury and rural charm” commented Asia export manager Kévin Florès. Travel Retail is a fantastic opportunity to get your brand across the world and to connect with customers, often eager to bring a souvenir back from their trip. Yet, entering this market does not come easy: having your wine recognised in our dedicated competition could help you enter the Travel Retail sector or consolidate your presence in it. After the success of its first edition, which uncovered a myriad of gems from England to Australia, the Wine Travel Retail Masters returns in August to find the best the sector can offer. The contest is open to any wine sold or willing to be sold in travel retail. They can be produced anywhere in the world. Entries are open for another two weeks and results will be published in the September issue of the drinks business magazine and online, putting your wine in front of thousands of professionals and consumers. Success in the air: enter the competition here before 29 July for the chance of winning a medal. Entries cost £159 ex VAT For more information contact: sophie@thedrinksbusiness.com

India is becoming an increasingly important market in global travel retail for all categories, and spirits is no exception. The country’s burgeoning economy and a growing middle class is creating a surge in international travel along with a taste for premium brands – both trends to the benefit of travel retail. Evolving consumer preferences are driving significant growth and innovation, making it a focal point for industry stakeholders worldwide. Read the full article from our July Spirits & Tobacco issue below: #globaltravelretail #dutyfree #india #spirits #consumertrends Delhi Duty Free Services Ospree Duty Free (MTRPL) Kreol Group Ashish Chopra Lal Arakulath Avishek Bambii Das

Culinary Tourism in India: A Global Perspective - Hotelier India

Events: Events refer to activities that involve the planning and execution of various gatherings and celebrations. Events can include social gatherings and planned activities, such as competitions, weddings, and other social occasions. Through events, we can provide memorable experiences for people, making these occasions significant and impactful. Events are essential for the success of both large and small-scale celebrations, such as weddings, corporate gatherings, and other festivities. Hospitality: Hospitality is the practice of warmly welcoming and caring for guests, with grace and affection. It is an important aspect of our culture to offer kindness and care to visitors who come to our homes. The tradition of hospitality ensures that guests have unforgettable experiences when they visit our places or participate in our events. This practice is also crucial for hotels, restaurants, and other leisure establishments, as it helps to create a pleasant environment for visitors. Tourism: Tourism involves traveling away from one's usual place of residence to nearby or distant locations for the purposes of leisure, cultural enrichment, or in-depth learning. Tourism allows people to gain diverse knowledge about different cultures and languages, and it also provides an opportunity for relaxation and enjoyment. Tourism plays a significant role in the economy, as it boosts the financial stability of regions with attractive features. Tourists visit African countries to see beautiful landscapes, historical sites, and unique attractions.

https://lnkd.in/eTP6F3eG #Luxury-Travel #McKinsey #Leisure #Hospitality #Spending McKinsey has released many reports on luxury travel, and the 2024 edition is out. We won't repeat the usual findings about luxury travelers' preferences for five-star hotels, personalized services, and unique products. Today, we want to discuss McKinsey's definition of luxury travelers and our thoughts on the "new consumption view." McKinsey surveyed 5,061 individuals, defining luxury travel consumers as those with assets over $100,000. Instead of using high net worth to define luxury travelers, McKinsey considers those who purchase luxury travel products as luxury consumers, focusing on their willingness to spend over $500 per night on accommodation. This approach broadens the sample size significantly, as $500 per night isn't extravagant. Therefore, many of us, even those with modest incomes, can be considered luxury travel consumers if we're willing to spend on premium experiences. We certainly believe McKinsey's definition isn't just to increase the sample size. McKinsey explains that 35% of luxury travel spending comes from consumers with a net worth between $100,000 and $1 million. Without debating the accuracy of this data, let's consider what it reflects about current consumer trends. From another perspective, post-pandemic, even with inflation causing tighter budgets in many countries, spending on travel and dining has become more robust. This aligns with the idea of "cherishing the present" due to the unpredictability of life. Christopher Clark's book "The Sleepwalkers: How Europe Went to War in 1914" reflects on how people lacked a real sense of World War I’s onset, much like sleepwalkers. Similarly, NATO and Russia's tensions in Ukraine seem like a sleepwalk towards a potential World War III. Are we sleepwalking, or are the decision-makers capable of preventing such a war the ones sleepwalking? Distinguishing who is sleepwalking is not important. The pandemic and wars highlight life's unpredictability. Instead of leading a monotonous life, many families with assets between $100,000 and $1 million are now willing to spend on what was once considered luxury travel. This includes Michelin restaurants, African safaris, and trips to Antarctica or the Arctic. These families often travel as a unit, even bringing children along, reflecting a desire to experience life fully. This trend includes younger consumers aged 20 to 30 (12%). These families may splurge on special occasions but expect value for their money. They are willing to spend significantly on parts of a trip but not on every aspect. This represents a new consumer trend as identified by Haize Capital. Lastly, individuals with assets in the tens of millions might not fit this study's sample, and their spending patterns could differ from those reflected in this report.

To #LuxuryDMC Owners eyeing #AffluentIndianTravellers, Indians are booking travel destinations based on popular restaurants located there. Participating in the local restaurant scene and food festivals are top experiences they look forward to during their upcoming travels. Over 98% of surveyed Indians (Credits: American Express 2023 Survey) agree that they are open to venturing out of their comfort zone and trying new foods while travelling. Time to spice up their journey! Picture with credits to Prakash Singhal. #AffluentIndianTraveller #LuxuryTribe #AffluentIndians #LuxuryTravel #CulinaryExperience #GastronomyExperience

Food holds significant importance for Indian travellers when selecting a holiday destination or a cruise experience. However, an increasing number of Indian travellers are now shifting away from their requirements for Indian cuisine and seeking out local food experiences while traveling abroad. They recognise that food is the ultimate gateway to understanding a culture and destination. We interviewed Isha Goyal, CEO, STIC Travel Group, which represents Variety Cruises in India, to delve into what gastronomic experiences Variety Cruises offers for Indian travellers. #VarietyCruises #CruiseWithVariety #Cruises

Indian Hospitality industry is set to hit $31 billion by 2029! 🚀 That's not just a number it's a promise of >> more smiles >> more adventures and >> more unforgettable moments we get to create. Here's what gets us excited at Bamboo Saa: 1️⃣ Domestic travel is booming! More Indians are exploring new places! 2️⃣ Short breaks are the new trend. People are seeking green resorts with activities to reconnect with friends and family. 3️⃣ We're not just about vacations anymore. Business events and conferences are filling up our rooms too. 4️⃣ Remember when COVID hit us hard? We didn't just recover - we came back stronger. Our revenues are up 20% from last year! 5️⃣ The world is noticing us. Foreign investments in our sector have hit $17.1 billion since 2000. That's a lot of faith in our hospitality! 6️⃣ Small towns are the new cool. Tier-II cities and spiritual destinations are on everyone's radar. 7️⃣ Intimate gatherings are in! Weddings and MICE events with 200-300 people are taking center stage as people prefer closer circles post-COVID. What does this mean for Bamboo Saa? We're gearing up for more guests, more diverse experiences and more reasons to make you feel at home. But here's the real magic - it's not just about numbers. It's about the stories we'll tell, the memories we'll create, and the smiles we'll share. That's what hospitality is all about, isn't it? What's your dream Indian destination? 

So many opportunities still exist in market however it is great to know the strategy is working. Clear focus, hard work and a good product remains key in order to keep our visitors excited to visit. Partnerships have never been more important. NSW LEADS THE NATION FOR WINE TOURISM NSW is Australia's top destination for international visitors seeking wine tourism experiences. Tourism Research Australia data shows NSW was number one for international visitors, nights and expenditure in the year ending December 2023. The Hunter Valley was the most popular destination, welcoming 69 per cent of winery visitors. NSW welcomed 252,200 international visitors who visited a winery during the period. These visitors stayed 9.1 million nights and spent $1.3 billion, up 13.8 per cent compared to the same period in 2019. Key markets for wine tourism visitors are Korea, followed by the UK and USA. The future indicators suggest India will become a major market segment and the return of the Chinese market remains upbeat. Hunter Valley Wine & Tourism Association Michelle Wills Brian Rooney Jennie Curran Philip Hele, OAM Sara Ang (MComm Marketing NAATI) Australian Tourism Export Council Tourism Australia

Don’t Get Taken for a Tuk-Tuk: How to Avoid Goa’s Tourist Trolls! Let’s face it, Goa is a paradise. Pristine beaches, vibrant culture, and enough sunshine to make a sunflower jealous. But lurking in this sunshine state are creatures less delightful than dolphins - Touts. These overenthusiastic salespeople hawk tours and activities with the finesse of a crow snatching your bag of fresh fish. These touts are everywhere, peddling tours like they’re selling the last bottle of Kingfisher on a scorching day. One minute, they’re promising the Taj Mahal experience for a tenner, the next they’re channelling their inner Don Corleone, quoting prices that would make your wallet weep. It’s enough to make even the most seasoned traveller sweat like a horse after a spicy vindaloo. But here’s the real kicker: the quality is as shady as their sales tactics. You could end up purchasing a ticket on a luxurious cruise only to find yourself on a leaky dinghy with questionable life jackets. The only guarantee? You’ll definitely be paying more than you bargained for. And if you do take the bait? Forget about customer service. Complain about a dud experience? They’ll disappear faster than a sandcastle in the monsoons. On top of that, I’ve seen first-hand how these touts love to play pretend authority figures. They first demand to see proof of your “already purchased” tours. If you stand up to their “authority”, they gang up against you aggressively. It’s enough to make you want to retreat to your beach shack and never emerge. Here’s the truth: Goa deserves better than these touts tarnishing its reputation. That’s one of the reasons I created OneBoard - to connect tourists with legitimate experiences, without the hassle of haggling with shady characters. So ditch the touts and their tall tales. Do your research, and spend your hard-earned rupees on what truly matters - another round of cocktails while watching the sunset. Because Goa is about sunshine, serenity, and memories that shouldn’t leave you feeling like you’ve tangoed with a trickster.