Category: Travel/Leisure

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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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On the Road Again: China’s Burgeoning “Staycation” Boom

September 14, 2015/0/0/

Affluent Chinese tourists may attract headlines and hand-wringing for their lavish spending, exponentially growing numbers, and bad behavior, but less over-the-top are the millions who stay at home and explore their own country. In recent years, Beijing has invested heavily in efforts to double domestic spending on tourism by 2020, with a goal of throwing some 5.5 […]

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Are Luxury Groups Positioned to Weather China’s Economic Storm?

August 24, 2015/0/0/

One thing that often gets lost in the mix of articles asking “Is Luxury Dead in China?” is the fact that the world’s largest luxury conglomerates have quietly been working to buffer themselves against the fluctuations of the Chinese domestic luxury market while making sure to benefit greatly from the rise of the outbound Chinese […]

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What Does China’s Currency Devaluation Really Mean for Luxury?

August 17, 2015/0/0/

Last week was a tumultuous one for international markets and the luxury industry. China’s unexpected announcement of a “one-off” devaluation of the Renminbi (RMB) — which actually happened twice — stunned markets, with shares falling across the globe. However, it was arguably those in the luxury sector that were hit the hardest, with firms such as LVMH […]

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From Confucius to California: Chinese Explore New Family Planning Options

August 10, 2015/0/0/

In China, traditional family values center on continuation of the family bloodline. According to Confucian philosophy, the worst form of unfilial conduct is a failure to leave behind descendants. During China’s feudal era, a woman’s virtue was often judged solely upon her ability to conceive and give birth. This has changed dramatically over the past […]

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