Welcome!

Microsoft Cloud Authors: Janakiram MSV, Yeshim Deniz, David H Deans, Andreas Grabner, Stackify Blog

News Feed Item

Virtuoso® Names 10 Hottest Destinations

Trends & Observations In Luxury Travel Announced At 2014 Virtuoso Travel Week

LAS VEGAS, Aug. 12, 2014 /PRNewswire/ -- Leading luxury travel network, Virtuoso®, harnessing data from its worldwide travel agency members, today revealed where the affluent will be venturing for the remainder of 2014, including the crucial holiday time and winter months.  Announced during the network's annual Virtuoso Travel Week event, taking place this week at Bellagio Resort & Casino in Las Vegas, Virtuoso shared the top destinations for travel overall as well as those spots that are seeing the fastest growth, while also sharing insight on how and why consumers are making travel decisions.  The results ... a surge in demand for Down Under, some surprises in Central Europe and the next evolution in family travel – global citizenship.

Virtuoso Chairman and CEO, Matthew D. Upchurch, shared insights on the buying habits and motivations of upscale travelers.  He noted that the same consumer is buying travel in two polar opposite ways: planning upwards of a year in advance for certain trips while also booking close-in, impulse trips to round out their travels.  Several factors are driving the high demand, most notably the massive rise in tourism with more than one billion people now crossing international borders as tourists, the rise in affluence throughout the world and, of course, the 78 million Baby Boomers who are now traveling.

These factors also have led to an evolution in family and multigenerational travel that Virtuoso has identified.  While the trend line for more than a decade has shown that consumers want to travel to connect with their love ones, using travel to supplement traditional education for children is a new philosophy Virtuoso has termed the "Journey to Global Citizenship."  The desire to connect and build lasting memories as a family still holds true; however, Upchurch says parents and even grandparents are looking at travel as a means of giving the next generation a leg up in the world. 

"One of the smartest things you can do, if you have the means, is take your kids to China or India or Brazil," says Upchurch.  "These countries will influence much of the business being done now and in the future, and kids who have insight into these cultures, who learn to adapt in unfamiliar surroundings early on, and who gain an understanding of the world around them, will have a certain advantage when it's time to enter the workforce."

Upchurch also shared how travelers are approaching many of these destinations.  For the tried and true places, people are looking to experience them in a new way, visiting lesser known sites, absorbing more of the local culture, looking for anything not found in a guide book and, probably most telling, seeking a certain 'feeling' rather than basing destination choices on what to see and do.  His other observation is that travelers are on a hunt to "collect countries." 

"There is a race towards trying to get to some of the more pristine places because of the rise in mass tourism and globalization.  The opening up of some of the new, non-traditional destinations that we've identified, offer even more incentive for travelers to explore."

Drawing upon its data warehouse of more than $32 billion in client transactions, then Virtuoso shared that international (non-U.S. countries) travel is up 21 percent compared to the same time last year.  Travel to Virtuoso's 10 most popular destinations are averaging an 18 percent uptick:

The Virtuoso "Top 10"



1.

Italy (6%)

6.

Germany (+ 31%)            

2.

United Kingdom (30%)

7.

Mexico (+ 17%)

3.

France (23%)

8.

South Africa (- 5%)

4.

Canada (9%)

9.

Netherlands (+ 18%)

5.

Spain (20%)

10.

Greece (57%)

Perhaps more enlightening, though, are the countries seeing the largest year-over-year growth.

 Virtuoso's "Hot List"



1.

New Zealand (+ 196%) 

6.

Croatia (+ 68%)

2.

Chile (+ 103%)

7.

Australia (+ 58%)

3.

Indonesia (+ 103%)

8.

Ecuador (+ 57%)

4.

Hungary (+ 86%)

9.

Greece (+ 57%)

5.

Hong Kong (+ 72%)

10.

Norway (+ 54%)

The group also revealed that Central Europe is experiencing a surge:  Hungary (86%), Croatia (68%), Austria (48%), Poland (48%), and Czech Republic (23%).  Russia, however, has seen a sharp decline, down 69%.  Overall, travel to European countries is up by 23%.

Virtuoso also provided a glimpse at the network's typical client, sharing that the median age is 56 years (53% are age 35-64) and 70% are married or partnered.  They are affluent with $200,000 median household income and a net worth of $1.75 million.  And, they are well-traveled with 95% owning a passport and 47% prepared to take 4-7 or even more trips this year.

Virtuoso counts 340 agencies with more than 620 locations throughout North and South America, the Caribbean, Australia and New Zealand amongst its membership.  All told, that represents more than 8,900 travel advisors and upwards of US $12.5 billion in annual sales.  Virtuoso is the leader in the luxury sector, with exacting standards for both travel agency and preferred supplier partners.

About Virtuoso:
Virtuoso® is the leading network of luxury travel advisors and entities.  This by-invitation-only organization comprises 340 agencies with more than 8,900 elite travel specialists in 20 countries in North and South America, the Caribbean, Australia and New Zealand, as well as over 1,700 of the world's best travel providers and premier destinations.  The network's member agencies generate over $12.5 billion annually in travel sales, making the group the most powerful in the luxury travel segment.  Their relationships with the finest travel companies provide the network's affluent clientele with exclusive amenities, rare experiences and privileged access. For more information, visit www.virtuoso.com. To view Virtuoso's latest videos, go to www.youtube.com/user/VirtuosoTraveler.   

 

Media Contacts:


Misty Ewing Belles

Alice Marshall

Virtuoso – Director, Public Relations

Alice Marshall Public Relations

Phone: 202.553.8817

Phone: 212.861.4031

E-mail: [email protected] 

E-mail: [email protected]

 

SOURCE Virtuoso

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
It is of utmost importance for the future success of WebRTC to ensure that interoperability is operational between web browsers and any WebRTC-compliant client. To be guaranteed as operational and effective, interoperability must be tested extensively by establishing WebRTC data and media connections between different web browsers running on different devices and operating systems. In his session at WebRTC Summit at @ThingsExpo, Dr. Alex Gouaillard, CEO and Founder of CoSMo Software, presented ...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics gr...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things’). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing? IoT is not about the devices, it’s about the data consumed and generated. The devices are tools, mechanisms, conduits. In his session at Internet of Things at Cloud Expo | DXWor...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution. In his session at @ThingsExpo, Akvelon expert and IoT industry leader Sergey Grebnov provided an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.