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More Cities Benefit as Chinese Tourists Flock to US “Gateways”

September 21, 2015/0/0/

Announced last November, the U.S. government’s decision to grant 10-year tourist visas to Chinese citizens was widely expected to boost inbound Chinese arrivals, particularly in major “gateway” cities like Los Angeles, New York, and San Francisco — and it has. The Los Angeles Tourism and Convention Board reported a 20 percent increase in visitation from […]

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“Chicken Little” Shrugs, Goes Shopping

September 2, 2015/0/0/

Recent data shows that in July — even as Xi Jinping was reportedly ordering China’s stock market regulators to propel its indexes upward ahead of an international diplomatic mission, and hedge fund managers were swooning in the wake of rumored economic weakness — Chinese travelers nonetheless intensified their gleeful assault on popular tourism destinations around the world. […]

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Staying Ahead in China’s Luxury Car Market

November 3, 2014/0/0/

The world’s largest auto market since 2010, China will surpass the US to become the world’s largest premium car market by 2020. Having entered China when the country had no luxury auto segment to speak of, European luxury automakers Audi, BMW, and Mercedes-Benz continue to occupy 80 percent of high-end market share in China, posing […]

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Reaching China’s Millennials an Ongoing Challenge For Luxury Brands

October 17, 2014/0/0/

It’s been a tough year for some of the world’s largest luxury companies. Prada’s profits slipped by one fifth in the first half of 2014, while Gucci’s second quarter sales fell 2.4 percent, and LVMH sales grew just 3 percent in the second quarter — just half of analysts’ predictions. Many of these companies place […]

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