The report predicts that by 2019, the number of outbound Chinese tourists could number 174 million.
SEOUL was the most popular international destination among Chinese tourists, thanks in large part to its K-pop phenomenon and K-dramas.
Tourists from around the world seem to be increasingly demanding when it comes to what they expect from their hotel.
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.
French contemporary label Zadig & Voltaire announced plans to open hotels in Paris in 2014, but its founder says Chinese tourists can’t stay there.
Wealthy Chinese travelers prefer to stay at the Hyatt and Marriott chains of hotels, according to New York-based wealth research firm Luxury Institute.
Luxury bicycles are the new darlings of the fashionable and wealthy in China, reports the Wall Street Journal China Chinese-language website.
Sheraton is the most sought-after luxury hotel brand on the Internet in mainland China, followed by Hilton and Shangri-La.
Vivienne Tam has designed a pair of slippers featuring a “Water Dragon” motif for Hilton Hotels & Resorts’ Chinese hospitality program, Huanying.
Chinese shoppers are increasingly buying luxury goods in mainland China, turning away from high-end stores abroad and in Hong Kong.
The big-selling luxury brands in China are Gucci Kids, Burberry Children, Baby Dior and Armani Junior and the most popular items are clothing and toys.
Chinese consumers will be the leading buyers of luxury goods brands by 2015, snapping up pricy items at home and abroad, according to the Boston Consulting Group.
Chinese buyers showed their economic clout in Paris at an auction of watches owned by French film idol Alain Delon, with prices going through the roof.
The growing power of the Chinese consumer might have the world in its thrall but it seems it won’t be too long before their lust for luxury is more satisfied a little closer to home. Traditionally, Chinese shoppers have had to head overseas to pick up the latest fashions or other luxury items, due mainly … Continued
Luxury Swiss retail giant Richemont, owner of such brands as Cartier, Piaget and Jaeger-LeCoultre, is to open the world’s largest shop for luxury watches in Paris. Business Montres quoted an internal memo saying a three-storey 2,200 square metre (24,000 square foot) shop would open early 2013. The shop would take over the premises of the … Continued
Mainland luxury Chinese consumers are becoming increasingly open to shopping for, and finding information about, luxury brands online with news portals. Weibo is one of the most popular sources for information, according to the results of a survey released November 28 by PR group Ruder Finn Asia. The survey was conducted among 1057 Mainland Chinese … Continued
The Swiss watch industry is in rude health with exports leaping once again last month and watchmakers set to notch up a record year thanks to Chinese consumers Despite the the effect of the global debt crisis, the demand for Swiss watches hit a peak in October, putting smiles on the faces of the country’s … Continued
The luxury sector is set to post double-digit growth this year to 191 billion euros driven by the appetite of Chinese consumers for top-quality goods, according to a study by Bain & Company released on Monday. While “the global economic situation is difficult” the luxury sector “is in good health and is growing above all … Continued
Jimmy Choo founder Tamara Mellon hopes to open up to 50 stores in China over the next five years in what she dubbed an “exciting” market for high-end goods. China is the world’s fastest-growing market for luxury products and an ongoing economic boom is creating new billionaires every year in a huge explosion in wealth. … Continued
Thousands of rich Shanghai residents have turned China’s most cosmopolitan city into the luxury capital of a country that is expected to become the world’s largest market for the sector between 2012 and 2015. Shanghai topped China’s luxury market in 2010-11 with 18% of overall sales, ahead of Beijing’s 16% and the eastern city of … Continued