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Before a black-tie crowd of travel industry marketers at the annual Adrian Awards ceremony sponsored by the Hospitality Sales & Marketing Association International (HSMAI), Ed Ventimiglia, senior vice president and publisher of Departures, the American Express Publishing magazine, took a tough stand on luxury and its vitality. (The winner was Abercrombie & Kent Residence Club for a "Discovery Kit" brochure)
Here are highlights of the remarks by Ventimiglia, who also shared thoughts from Richard David Story, Departures Editor in Chief.
"You may have noticed that our award is still called the Departures Luxury Marketing Achievement Award. That's because - no matter what some pundits say to the contrary - we do not believe that luxury is a dirty word OR a dying category. True luxury endures."
"Luxury has gone back to what we at Departures have always known it was about: superior quality and service, enduring value, uniqueness, and authenticity. The customer perceives these as providing value - making true luxury goods and services still well worth their price."
"Our editor in chief, Richard David Story, summed it up very nicely when
he said: 'Luxury was always intended as a limited resource. Whether it
was travel or retail, architecture or real estate, the word was
synonymous with exclusivity.... luxury was never meant to go mass. But
it did, and look what happened. We are now experiencing an almost
Darwinian selection process in which nothing comes easy - neither the
sell nor the buy. And consumers are back in the driver's seat, demanding
products and experiences tailored to their specifications, for their
individual needs and desires.' "Drive-by-luxury, " Richard concludes,
"has come to a stop. "
More insights from Ventimiglia:
- "The companies we are here to recognize
tonight realize that, at a time when all consumers are pulling back,
reassessing priorities, and spending with care, marketing and advertising are
more important than ever. They
understand that:
- Now is the time to stay laser-focused on
your core customers and strengths.
- Now - when your voice will be heard most
loudly in the marketplace - is the time to build and deepen loyalty among
customers by reinforcing your brand
story, your vision, and your values.
- Now...more than ever before, it's the time
to differentiate your brand and show how you fit into the Consumer's
lifestyle."
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