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The New Conquistadors: Chinese Tourists Turn to Latin America

June 8, 2015/0/0/

With the summer high season approaching, outbound travel from China is slated to enjoy its best year ever in 2015. Not only are Chinese travelers becoming more numerous, however, they are also becoming more adventurous. Individual travel exceeded group travel for the first time in 2014, and although it receives a very small percentage of […]

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Luxury’s Renminbi Roulette: Why Currency Adjustments Are Risky Business

March 30, 2015/0/0/

CHANEL’s recent decision to increase prices in Europe by 20 percent and lower them in China raised eyebrows throughout the global luxury industry. Ostensibly this move was designed to “align” prices in anticipation of an international e-commerce push. Coming in the wake of the Euro’s sharp devaluation since mid-2014, which accelerated significantly in the month […]

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