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For Immediate Release | Official News Wire for the Travel Industry

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ILTM Asia Pacific 2019: Luxury travel ‘mindstyle’ shifts from indulgence and status to health and wellness

May 30, 2019 by PressEditor

Travel brands must significantly upgrade their health & wellness proposition to better connect with the new mindstyle of luxury travelers in Asia Pacific (APAC). Plant-based dining, MediSpa and digital detoxing are just some of the expectations of the new wave of luxury consumers across APAC, while there is huge gap between the simple vegetarian options, massage rooms and ‘free WiFi’ being offered by some travel businesses today.

Such findings are made clear in a new insight report by Reuter: Intelligence, created in partnership with the ILTM Asia Pacific, that analysed the key sectors and leading case studies of health and wellness in APAC and how a new consumer mindstyle is set to impact the travel market.

Lee Folland, Research Director of Reuter: Intelligence said, “The report, analysing diverse categories of industry, discovered that luxury Asian consumers now have a health and wellness mindstyle – both their mindset and lifestyle are centred around the world of wellness. This means that travel and hospitality businesses must shift away from simply promoting intangible ‘escapes’ to tangible, results-based holistic health and wellness.”

Asian wellness mindstyle across diverse sectors

The diverse aspects of wellness mindstyle presented in the report look at where each industry sector was, is now – and where it’s heading – across various categories. Health & wellness travel in the region is distinct from its western counterpart, with regional cultures having a different take – and historic experience – with wellness.

Alison Gilmore, Portfolio Director of ILTM said, “This report is a deep dive into an awe-inspiring new segment, packed full of actionable insights that business leaders will find both timely from a strategic perspective, and fascinating from a personal one. One thing is for certain; things are changing and they are changing fast. But, armed with the right data and the right interpretation, no other industry is better placed to capture and serve this explosion of need.”

Luxury travel must catch up with the wellness industry

The Global Wellness Summit (GWI) Global Wellness Tourism Economy report stated that the industry is worth USD 4.2 trillion globally, a year-over-year growth of over 12%. In APAC, the corporate wellness market alone is expected to reach US$7.4 billion by 2024 (transparency market research) representing a growth rate of 9%, and Asia has been the fastest-growing region in both wellness tourism trips and revenues for each of the last five years.

Affluent Asian consumers are seeking new forms of wellness experiences in the face of hectic modern lifestyles and the pressures brought by professional demands, environmental pollution and the invasion of social media. This is greatly impacting the travel industry as consumers look to combine their wellness mindstyle with the escapism of luxury tourism.

The consumer drive for health and wellness means that they are exploring innovative and exciting wellness throughout forms of hobbies, sports, relaxation and life. While a fitness centre and spa may have been the sum total of a luxury resorts ‘wellness’ offering in years gone by, the most pioneering brands are now offering retreats with holistic wellness, featuring cutting-edge techniques, technologies and services.

eTN is a media partner for ILTM.

MEDIA CONTACTS:

Lucy Clifton: lucy.clifton@spotlightcoms.com Tel: +44 (0) 208 334 4003 / +44 (0) 7973 464273 (WhatsApp)

Nina Gardiner:Nina.gardiner@spotlightcoms.com Tel: + 44 (0) 7770 306689 (WhatsApp)

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Filed Under: Travel & Tourism Tagged With: APAC, Asian, HEALTH, ILTM, Luxury, TN, wellness

Aircraft Exhaust System Market Will Reflect Significant Growth Prospects during 2018 – 2028

December 11, 2018 by Newswire

Commercial aviation sector is expected to contribute majorly compared to others in the global aerospace industry owing to surging demand for commercial jet airliners with burgeoning air passenger traffic. Nearly every aircraft utilized for regional and commercial travel functions on the principles of aircraft exhaust system that are turbofan based, which are identified as the most demanding and expensive compared to others. With increasing delivery of fighter aircraft, military aviation sector is likely to pose notable opportunities for growth of aircraft exhaust system market.

Exhaust Systems with Reduced Greenhouse Emissions to Be Emerging Trend In Aircraft Exhaust System Market

Need for development of new and advanced exhaust systems that enables in reducing pollution, thereby increasing engine power by means of superchargers is expected to contribute significantly towards growth of aircraft exhaust system market. Growing demand for lightweight sound suppressant and low-drag exhaust components is expected to further fuel the growth of aircraft exhaust system market. However, high installation and manufacturing cost with crucial maintenance and operational charges are expected to significantly hinder the growth of aircraft exhaust system market.

Developing Regions to Contribute Significantly Towards Revenue Sales in Aircraft Exhaust System Market with Surging Demand for New Aircrafts

Lower crude oil prices with decreasing airline ticket prices has led to rising demand for air travel compared to rail or road, which in turn creates significant growth opportunities for Europe aircraft exhaust system market. North America aircraft exhaust system market is likely to witness notable growth with surging demand for new aircrafts and replacement of the aging fleets. Rapidly increasing demand for commercial aircraft in APAC owing to increasing number of commercial airlines underpinned by burgeoning number of regional travel rates is expected to drive the region’s market growth.

Enhancing Operations & Customer Service to Be the Current Focal Point of Aircraft Exhaust System Market Manufacturers

Manufacturers in aircraft exhaust system market are taking immense efforts in expanding their market shares by means of R&D investments and activities for minimizing weight, drag as well as aircraft fuel consumption, which in turn results in attaining greener environment.

  • Safran Nacelles: The aircraft exhaust system market player has been taking immense efforts in expanding its presence across China for developing cutting edge jet engine nacelles. Safran Nacelles has been entering into several collaborations with growing demand for its nacelle systems that helps in improved facilitated maintenance and fuel consumption along with enhanced thrust reverser efficiency. The company is in talks to manufacture components for nacelle system of jetliner, which in turn dives in production opportunities for aircraft exhaust system market.
  • UTC Aerospace Systems: The aircraft exhaust system market player has taken a major step in signing an agreement of FlightSense OSS (On-Site Support) with China Southern Airlines, which is a 10year deal for supplying repair services and spare parts. This deal will also enhance supply chain operations of China Southern Airlines by utilizing cutting-edge technology as well as inventory support, which in turn would enable in shortening repair times of the airline. Along with improvement in operations and customer service, demand and supply of aircraft exhaust system is also expected to increase at a rapid pace.
  • Magellan Aerospace Corporation: The aircraft exhaust system market player recently received a 6year extension agreement with Airbus for manufacturing A350 XWB center wing box as well as keel beam detail portions. There has been information that the revenue generation form the work package would be over CDN $140Million dollars, based on the contract. The package also comprise of various large machined and structural components, which in turn dives in opportunities for manufacturing of aircraft exhaust system as well, thereby, contributing towards global market growth.

Classification of Aircraft Exhaust System Market Is Done By End-Use, Engine Type, Exhaust System Type, and Aircraft Type

Based on end-use, aircraft exhaust system market has been segmented into

  • Business aviation
  • Military
  • Commercial

Based on engine type, aircraft exhaust system market has been segmented into

  • Turboshaft
  • Turboprop
  • Turbofan
  • Others

Based on exhaust system type, aircraft exhaust system market has been segmented into

  • Collector System
  • Short Stack System

Based on aircraft type, aircraft exhaust system market has been segmented into

  • Regional Transport Aircraft
  • Very Large Body
  • Wide Body
  • Narrow Body

Aircraft exhaust system market research report holds detailed analysis on the global market as well as consists of favorable insights and facts together with historical data. Aircraft exhaust system market data that are industry-authenticated and statistically supported have also been integrated in the global report. Forecasts based on methodologies and suitable set of norms have been incorporated in the aircraft exhaust system market report. In addition, the global report presents information and detailed study based on market bifurcations such as geographies, industry and end-uses.

Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/toc/rep-gb-6438

Extensive Study on Aircraft Exhaust System Market Research Report Covers:

  • Detailed market segmentation
  • DROTs
  • Aircraft exhaust system market sizing
  • Demand and sales
  • On-going issues and trends
  • Companies and competition related to them
  • Technological discoveriesair carf ehous.jpg

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Filed Under: Press Release, Travel & Tourism Tagged With: APAC, exhaust, Market, New Aircrafts, Systems, XWB

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