China’s luxury pricing problem is about to get worse
By Marco Passoni I read with interest this week the news that inbound international tourism in China has risen 305% according to the government in the first quarter of 2024. Outbound traffic from China has always been a talking point for both the travel retail and luxury sectors, but this influx of arrivals in China […]
An honest look at China’s future for luxury and travel retail
By Marco Passoni The luxury market in China is set to grow between 4 and 6% this year, from a starting point of $63 billion, which appears to be good news for both the luxury market and the travel retail sector. I have been accused in the past of being a doubter on China, but […]
Paris or Hainan? Where next for Chinese shoppers?
By Marco Passoni I saw an interesting article on the Fashion Network website last week, which posed an interesting question in relation to China’s luxury shoppers now travel restrictions in the country have been eased: Paris or Hainan? Since news of the change to China’s travel rules on 8 January was announced, both the luxury […]
The return of China’s travelling shoppers brings new challenges not a return to old glory
By Marco Passoni The impending return of China’s travelling shoppers is great news for both the travel retail and luxury sectors, but we must recognise that it does not mean the return of the good old days. Since the reopening of travel borders in the wake of the pandemic, I have been among those advocating […]
