Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
For Asia's well-heeled millennial travelers, new experiences are far more appealing than the comfort of organized tours.
"You have to have a lot to excite them," Amrita Banta, managing director of Agility Research said Thursday during a panel discussion at the Millennial 20/20 summit, the first of its kind in Asia, which debuted in Singapore this week.
Agility Research recently surveyed more than 900 millennial respondents in China, India, Hong Kong, Singapore, Malaysia, Taiwan and South Korea who traveled internationally in the past year, hoping to decode the affluent Asian millennial traveler.
Of the respondents, 61 percent said they wanted a custom experience when sight-seeing, compared to only 38 percent who preferred a packaged, group-led tour.
Nearly 80 percent said they wanted to visit somewhere they had not visited before, while 77 percent said they chose destinations offering new activities and experiences. Their top travel destinations included Hong Kong, Singapore and Tokyo.
Understanding the behavioral patterns of young Asian travelers is crucial given the clout they wield.
Asian millennials are expected to spend $340 billion on international trips by 2020, according to Brand Karma, as the middle class rises and increases spending.
Affluent Chinese households are spending $65,000 on average on tourism in a year, according to a recent study of Chinese millennials.
While the vast majority of Asian millennials, of course, use digital platforms before their trips to plan and book hotels or tours, social media is playing an increasing role, too.
In the Agility survey, 62 percent of the respondents said social media was important to them when researching travel options.
The rise of digital platforms is expected to help Asia dethrone North America as the largest digital travel market in the world next year.
But while experiential traveling increases in popularity, shopping while on vacation is still important, too.
More than half of the respondents said they prefer buying luxury brands during their trips and 44 percent prefer to purchase luxury items at airports.
At "Millennial 2020", Jayson Goh, managing director of airport operations management at Changi Airport Group, highlighted the changing landscapes of airports. "The airport is now a meeting point, where friends will meet from different countries," he said.
Changi Airport, frequently cited as one of the best airports in the world, has identified ways to target millennial travelers as it found that the average time spent in airports was increasing.
"Feedback for the service environment is very important," Goh said. "Millennials go on social media and now even expect a reply, too."