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. ...

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...

PORTUGAL: TOURISM SECTOR EXPECTED TO GROW THANKS TO LUXURY HOTELS

Gregory Dolgos -
A recent study on the tourism sector in Portugal revealed that the industry is likely to grow in the area of luxury hospitality and several niche products like nature, surf, sun, beach, and culture. T...

CHINESE TOURISTS REVIVE THE LUXURY WATCHES MARKET IN FRANCE

Ashley Nault -
Luxury watches sales increased by 8% in France in 2017, largely thanks to the return of Chinese tourists to France, after a loss of interest linked to the terror attacks, now the watch market is reviv...
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