Dreamscape carves a niche in the fast growing market for luxury travel.
Research company Allied Market Research has forecast that the global luxury travel market is expected to be worth $1,154 billion by 2022, registering a CAGR of 6.4% during the forecast period of 2016-2022. Interestingly, Asia–Pacific is set to be the most lucrative market, with higher growth compared to the global market. In Indonesia, the opportunities for the business are also huge as the country’s richest continue to prosper – last year, the wealth of Forbes Indonesia’s 50 richest, for example, totaled $129 billion.
Dreamscape Travel Network is among the few companies in Indonesia catering to wealthy travelers’ needs and demands. Started in 2006, the company has facilitated many of Indonesia’s wealthiest in their luxury travels to unique destinations like safaris in Africa or cruises to the Antarctic in lavish accommodation. The company’s clients can spend billions of rupiah on their vacations. The company is the only one from Indonesia to be listed in the 300 best luxury travel designers by Traveller Made. And while competition between travel agencies has tightened with the emergence of online players, Dreamscape claims its business grew by triple digits in the past couple of years.
“I think the future of the travel business will be specialization. I think people will still call travel agents for difficult things, like adventures, when they want to go to remote places, for difficult itineraries, luxury or something that’s special,” says Fitri Tresnawida, founder of Dreamscape.
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