Carolyn Childs, co-founder of MyTravelResearch.com, cited at the Luxperience Thought Leaders seminar in Sydney yesterday that the increase in purchases of mega yachts and private islands is evidence that the ultra-rich are trending towards private consumption habits, away from the prying eyes of the public. Technological change and its impact on workplace communications has also triggered a counter demand among the rich to de-tech completely while on holiday, she added. The emergence of the nouveau riche, not least in China, India as well as G7 economies, has seen luxury consumers around the world splinter into personality types such as “philanthropist”, “dynast”, “lotus eater”, “hedonist”, “pioneer”, “jet setter”, “enrichment seeker” and “replenisher", according to Childs. Get the full story at TTG Asia