A string of corruption scandals that pushed Beijing to crack down on bling and promote a “frugal working style” could spell bad news for the the luxe industry.
The Four Seasons hotel brand continues its expansion in China with the opening of its first property in Beijing. The opening is scheduled for September 28.
Villas at ThaiHot Mansion and Courtyards by the Canal are selling at US$47 million each, making them the most expensive homes in China.
Bulgari Hotels & Resorts will open a new hotel in Shanghai in 2015and will be located in a riverside complex in the artistic district of Suhe Creek.
To celebrate the brand’s 20th anniversary in China, Louis Vuitton has opened its first Maison in Shanghai on July 21.