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In a meeting held among the leaders from the global luxury travel industry, it was confirmed in the International Luxury Travel Market (ILTM) Leaders Forum - 24, that 2012 is likely to be the first year of significant post-recession growth since 2007.<br><br><br><br>Both china and [http://pinterest.com/search/pins/?q=Indian+Luxury Indian Luxury] Tours have gained significant growth during the period of recession that showed that luxury travel was unsusceptible to the global economic climate.  If you have any kind of inquiries regarding where and ways to utilize [http://www.thelifeofluxury.com/fashion-eyewear-by-gotti-switzerland/ fantasy events], you could contact us at our own page. Giving a glance on trend, bookings out of India last year grew by 129%, albeit on a small base.<br><br>The luxury Tours of India are more overwhelmed by the guests rather than the aspiration travelers who save for one-off luxury holidays. Thus, raise the Indian luxury market.<br><br>In the upcoming five years, the Indian market is estimated to grow at a rate of 21% with luxury travel growing at approximately 15%. The fast growth of market will represent high-spending sector across Asia as a whole.<br><br>The ILTM leader�s forum is finding it quite difficult to achieve the right balance of diverse business is crucial at all times, as by 2020 the world predicts to prepare 100 billion outbound travelers from China and 50 billion from India.<br><br>According to the Leaders Forum, the Panelists from different regions believe that their definitive goals were to increase profit margins. After recession, discounting is a disservice to luxury. Moreover, reducing rates to [http://data.gov.uk/data/search?q=increase increase] occupancy levels is a short-term fix that creates a larger problem in the end. Apart from all this, another major factor expected by the industry is the growth of family/multi-generational travel with 2011 marking the year that the oldest baby boomers turn 65.<br><br>Luxury India tour is all about having unique and authentic experiences, thus the luxury travel industry needs to maintain high levels of satisfaction and services, to continue the growth successfully and sustainably.<br><br>Each tourists moving on luxury tour will seek out for a meaningful experience that reflects the local landscape and is genuinely real.<br>The ILTM Leaders Forum will meet again to address global trends in global luxury travelers. The meeting will take place on 13 June 2011 at ILTM Asia in Shanghai.