30% OF LUXURY GOODS WORLDWIDE IS BOUGHT BY CHINESE

Chris Grad -
Luxury goods are back in popularity. China, for instance, takes advantage of the increased purchasing power of the population to create a niche in the high-end products market. ...

LUXURY TRAVEL GROWING FASTER THAN OTHER SECTORS

Chris Grad -
Lasting experiences are outweighing souvenirs and tangible goods when it comes to tourists’ spending, a new study from Amadeus “Shaping the Future of Luxury Travel” reveals. The findings also suggest ...

SPAIN AFTER ATTACKS: LUXURY TOURIST SPENDING UP BY 18%

Denise Chen -
In the first six months of this year, the luxury tourist spending by foreign visitors around Europe grew by 11%. In Spain, the increase during the last 9 months reached 18% despite the attack in Barce...

GLOBAL MARKET FOR LUXURY GOODS LIKELY TO DECLINE

Pat Hyland -
The luxury goods market is expected to decline by 1% this year, according to Bain & Company. Geopolitical crises, terrorist threats, turmoil caused by Brexit, slowdown of emerging economies and of Chi...

JAMAICA TOURISM CELEBRATING POSITIVE NUMBERS

Joe McClain -
The number of tourists visiting Jamaica in the first nine months of 2015 increased by 5.5% over the corresponding period in 2014, according to a statement by the government of the island....
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