TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Big Bang of Luxury

Category: , Posted:29 Jun 2013 | 06:00 am

Welcome to rainy season in Phuket. It's Friday morning as I ponder the sound of rain pelting down on the roof and it feels almost as if I'm in Syria taking incoming fire. My life is that of a minimalist. Give me a black t-shirt, shorts and a well worn pair of Sanuks. No watch, no jewelry, just an outdated Blackberry, which I make no apologies for.
At times though, I long for more. My wife always berates me for not bringing an umbrella outside on rainy days. Like today, as I sit here in my office after the heavens opened up and doused me like a water cannon on the mean streets of Istanbul. I've changed my status on Facebook to "Soggy". Is more better? Or is more just more?
Asia remains out of step with the larger world. It always has, and probably always will. Maybe the date line has something to do with it, pulling an all-nighter is never a bad thing. Keeps you edgy, like playing with broken glass. Over in Hong Kong, Edward Snowden is doing long stretches without sleep, though, sadly, Gitmo looks to be on his horizon. Silence the lambs in a nutshell.
But dammit, I'm here to talk about Asia's big bang of luxury and the tidal wave of "conspicuous consumption". A long time ago in the 19th century, economist Thorstein Veblen coined the term in his tome The Theory of the Leisure Class. He somehow peaked behind the curtain of time to see what would evolve later in the 20th century and beyond into the burgeoning middle class, or as those more cynically inclined would call it; the consumer class.
Though when Veblen coined the term conspicuous consumption his critique was aimed more directly at the upper crust world of the "haves". For those with money, suddenly objects of desire become cars, houses, second houses, travel and the finer things in life. Sure there was a blip in the 1960s and certainly Mao, Lenin, Castro and Uncle Ho tried to derail the gravy train, but the wall of consumerism was built on solid foundations well before the new millennium and there has been no looking back.
Here in Thailand, the surge of the upper class and a groundswell in the middle class has changed the world we live in forever.
Without doubt the poster boy for this episode is Steve Jobs, buy at higher prices, buy more and buy often.
Create the perception and feed the beast of consumerism. It's abjectly brilliant and I have to admit to owning an Apple MacBook Air, and yes my iTunes account is very active.
Phuket has its own class warfare, the ultra wealthy with their villas, mega yachts and private jets, and the aspirational emerging consumer class who love those Cs – cars, condos, country clubs, credit cards and smart cellphones.
Yet luxury remains a fickle giant, and though the island has garnered a massive inventory of high net worth individuals, the battle to stay on top is never an easy one. So much is being written about sagging infrastructure, mass tourism and chaos at the beaches. While the government and tourism leaders talk the talk of wanting high-end travelers; the changing world is seeing more a shift to smaller and less pricy.
To say Phuket has a split personality or is conflicted is a given. Cheap shoebox condo hotels gather steam, alongside luxurious multi-million dollar ultra-villas – can we see a merge of the tribes here and cater to the rich, the want to be rich and those on a budget?
Tricky business. I spoke to someone who attended the trendy global chic travel show LE Miami and the feedback from the jet set is: that despite our Aman/Trisara/Andara/Sri Panwa foursome, the aisles were buzzing about Samui. Smaller, more exclusive, less crowded. Will the rich and famous leave us in our hour of need?
Probably not, as we have a mighty wind of new luxury brands opening hotels on the island over the next few years and Phuket is just such a strategic location. Yet on a broader canvas, conspicuous consumption now represents so much more than just real estate and travel – it's an insatiable appetite for more, faster, newer and glossier.
It's a different world we live in and I'm not entirely sure it's a better place. Except for iTunes of course; and MacBooks.

Other News

Read more

South Korea Tops Asia’s Branded Residences Pricing Premiums In C9 Hotelworks Latest Report

Category: Hotels|Real estate, Posted:11 Sep 2024 | 10:17 am South Korea’s luxury real estate market has evolved significantly, transitioning from traditional residential properties to innovative branded residences. The trend began in 2008 when The Ananti Hotel introduced a pioneering co-ownership model, targeting affluent buyers seeking luxury vacation homes and social prestige. This success spurred other domestic brands like Lotte and Hanhwa Resorts to follow […]
Read more

New Zanzibar Market Report From C9 Hotelworks Highlights Surge In Tourism Demand

Category: Hotels|Tourism, Posted:10 Sep 2024 | 14:41 pm Zanzibar’s tourism industry is experiencing a remarkable resurgence, having successfully surpassed pre-pandemic visitor numbers since 2022 according to a new report by C9 Hotelworks. In 2023, the island welcomed over 638,444 visitors from around the globe, marking a significant recovery. Projections for 2024 indicate a further 9% growth, with January to May arrivals reaching 255,408 […]
Read more

Registration Open For Asia’s Sustainable Hospitality Learning Event PHIST 2024

Category: Hotels|Tourism, Posted:04 Jul 2024 | 15:41 pm PHIST (Phuket Hotels for Islands Sustaining Tourism), Southeast Asia’s biggest sustainability event for the travel and hospitality sectors, will return to spark conversation and drive the green agenda this September, with an impressive line-up of key figures and industry innovators led by Peng Sum Choe, CEO of Pan Pacific Hotels Group. Led by the Phuket […]
SiaJai logo

Thailand's Leading Homecare Marketplace