Luxup sells London luxury

LONDON, 25 September 2012: Luxup, a members-only club for high spending travellers, announces the launch of its first website targeted Chinese and international travellers visiting London.

The rollout of more websites to cover city markets such as New York, Miami and Hong Kong should follow later this year.

Introducing world famous fashion houses, Luxup gives the industry’s most sought after shoppers access to luxury fashion goods and even entrance to exclusive fashion shows.

Members can purchase limited edition collections and access fashion events on the Luxup site that they then collect or experience at their travel destination.

Luxup works with leading brands including Loewe, Valentino, Lanvin, Dunhill, Liberty, Marni, Belstaff and Balenciaga.

Tourist spend is one of the key sources of growth in the UK luxury goods market, currently accounting for more than 25% of spending, with forecasts predicting travel spend to contribute 75% of luxury growth in Europe by 2015 (Goldman Sachs).

The UK personal luxury goods market alone is forecast to reach €7.5 billion in 2015. Globally, growth in luxury goods consumption is coming primarily from China and the Asia Pacific.

However, tourists from these regions face hassles gaining visas that have been the source of complaint from travel agents especially those handling Chinese and Indian travellers.

Sourced: ttrweekly