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Luxury travel will be one of the sectors to see growth in 2009, bargain hunting and last-minute travel dominate in the current global financial crisis.

A newly-released report indicates that luxury travel will be one of the sectors to see growth in 2009, according to ITB Berlin, one of the travel industry’s leading trade shows.

The ITB World Travel Trends report predicted that the effects of the global financial crisis will tend to favour niche markets such as luxury travel.

However, bargain hunting and last-minute travel will dominate at the same time, according to ITB Berlin.

Dr Martin Buck, director of the Competence Centre Travel and Logistics at Messe Berlin, said: ‘Whether we like it or not – the idea of saving money at all costs is back with us again.’

Based on the assessments of around 60 tourism experts who met at the World Travel Monitor forum in Pisa in November 2008, the report also indicated that short breaks in Europe could be increasingly popular this year.

Dr Buck said: ‘Higher costs and a new kind of insecurity affecting consumers will undoubtedly impact negatively on long-haul travel in 2009.

Ha Pham, founder and CEO of the Luxury Travel Vietnam Company believes the time is ripe for high-end travelers worldwide discovering Vietnam in lap of luxury. The Luxury Travel Company is Vietnam’s first luxury tour company and full travel service agency.

” Luxury travelers have time and money to travel. The current financial crisis they may shorten their holiday, stay in the less luxurious hotels…but still travel” Ha added.

Luxury Travel Vietnam Company is experienced in providing special services and unique tourism products to luxury global travelers since 1990 and highly recommends tourism industry players to selling niche luxury tourism products to niche market.

Vietnam’s first luxury tour operator will be present at ITB to promote Vietnam luxury tourism and its destinations. Visit Luxury Travel Company Stand at ITB Berlin or check it out at www.luxurytravelvietnam.com.

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