Chinese tourists spent 12% more in travelling abroad in 2016

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2016 results on expenditure from major outbound markets reflect increasing demand for international tourism across the world, with a 12% increase in spending, China continued to lead international outbound tourism, followed by the United States, Germany, the United Kingdom and … Read More

Young, Rich and Responsibility Free: How Luxury Brands Are Persuading Wealthy Chinese Millennials to Spend Their Cash

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Young, wealthy Chinese consumers broadly fall into two camps: the first is the ‘fuerdai’ (literally ‘second generation rich’), or millennials who have inherited wealth from their parents and spend it on luxury goods in order to gain status and be … Read More

Alibaba Offers Australian Luxury Tour for China’s Big Spenders

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Alibaba recently chose seven Chinese high-value customers from its “Alibaba Passport” (APASS) Club to participate in a luxury tour to visit Australia amid the ongoing “Australia-China Year of Tourism.” The trip, which will be documented and partially live-streamed on social … Read More

Tiffany’s strong sales in Asia offset US weakness as the brand aims to lure younger shoppers

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Tiffany & Co. reported fourth-quarter earnings Friday that beat expectations, fueled mostly by strong international sales and product price increases. Same-store sales — a metric closely watched for retail stocks — were unchanged for this quarter, but better than a … Read More

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