Frederic Winckler says that Asians have been playing a dominant role in the luxury market for some time, although for years this has been partially disguised by the fact that many of their purchases—indeed about two-thirds—were made overseas in Europe,...
Chinese spending on luxury goods, which has driven some stocks to record highs, is likely to subside once the pandemic eases in favour of spending on travel, dining and outdoor leisure, a publication tracking the Mainland market reports.
The consensus view is there is still pent up demand for travel amongst Mainland Chinese and disposable income to do so, however, there are subtle changes in travel preferences that Asia’s operators would do well to take note of.
China’s economy is seeing renewed strength in premium activity, driving demand for luxury cars and VIP gaming in Macau, though longer term the outlo
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