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New CLA Report: Chinese Tourist Spending to Double by 2020

September 28, 2015/0/0/

The world’s top tourism spenders since 2012, Chinese travelers are poised to become even more valuable for retailers, hoteliers, and travel destinations worldwide. According to a new report by China Luxury Advisors and the Fung Business Intelligence Centre (FBIC), total overseas spending by Chinese tourists, which is expected to increase 23 percent this year to […]

Business & Finance, Marketing & Branding, Travel/Leisure , ,

Serving China’s Global Luxury Consumer No Small Task

March 1, 2014/0/0/

Fueled by a stronger yuan, high prices at domestic stores, greater ease of travel, and China’s ongoing anti-extravagance campaign, more Chinese than ever headed abroad in 2013—most of whom had their sights set on luxury shopping. Last year, Chinese shoppers accounted for over one-third of all luxury purchases in Western Europe, dedicating 33 percent of […]

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