76% of China's luxury consumption happens overseas: report

Written by Staff Writer Courtesy China Daily on . Posted in Luxury Business News

HAIKOU - Chinese consumers purchase 76 percent of their luxury goods while overseas, a report published on Saturday said.  Chinese people's domestic consumption of luxury goods was 25 billion US dollars in 2014, down by 11 percent from the previous year, while their luxury consumption in overseas market grew by more than 9 percent annually to 81 billion US dollars last year, said a report issued by the Fortune Character Institute, an organization specializing in lifestyle studies of the rich in China.

Club Med to Unveil New Luxury Villas on Private Island Resort in the Maldives

Written by Staff Writer Courtesy Travel Pulse on . Posted in Luxury Travel & Lifestyle

Club Med – the original all-inclusive resort company – proudly announces the opening of Finolhu Villas, an exclusive resort on a private island paradise in the Maldives. This will be the newest addition to Club Med’s Villas & Chalets category, the most upscale accommodation selection within the brand’s portfolio, and as this resort has been designed with serenity in mind, it will be reserved for adult guests only.