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The premise of the International Luxury Travel Market (iltm) is simple: to work out where the well-heeled want to go over the next 12 months. Thousands of travel agents descend on the Palais des Festivals et des Congres in Cannes for the industry’s flagship trade show every December, plotting out client itineraries with major hospitality groups. This year there is near-unanimous agreement about the destination of choice. “Japan has been on steroids,” says Rainer Stampfer, the president of global operations for hotels and…

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