Latest News for: China luxury travel


Tourism alliance to promote intercultural dialogue

China Daily 23 May 2023
A global NGO initiated by China, the alliance was inaugurated in September 2017 ... Once considered a luxury, travel is now a regular way of life for the public and an important means for people to showcase and improve their quality of life, particularly as tourism is increasingly growing to be a major industry for economic development, Zhu said.

Forget Europe, China’s ‘extremely valuable and coveted’ tourists are heading for the Gulf

South China Morning Post 14 May 2023
With their ancient cultural and historical sites – plus ‘very good shopping’ – the Gulf monarchies such as Saudi Arabia and the UAE have their sights set on enticing a new wave of luxury travellers from China ... .

Chinese company earnings reveal lopsided economic recovery

Hellenic Shipping News Worldwide 11 May 2023
People in China splashed out on dining, travel and luxury goods after ...

Fewer luxury shoppers but bigger spenders as Chinese return to Europe 

Hong Kong Standard 05 May 2023
China's five-day Labour Day holiday in early May was once a good excuse for a quick European jaunt - with a side of luxury shopping on the agenda.  ... China's "higher income, top luxury spenders (are) already travelling abroad again," she said, leading to an observable lower per-capita spend in Hainan. .

Estee Lauder sinks after dour 2023 view on slow Asia travel retail

Reuters 03 May 2023
May 3 (Reuters) - Estee Lauder Cos Inc (EL.N) on Wednesday forecast a bigger drop in full-year sales and profit, disappointing the Wall Street that was expecting better results on rebounding travel retail after COVID-19 restrictions eased globally and in China.

Estée Lauder forecasts bigger drop in sales and profit

Business Day 03 May 2023
Estée Lauder on Wednesday forecast a bigger drop in full-year sales and profit, disappointing a Wall Street that was expecting better results on rebounding travel retail after Covid-19 restrictions eased globally and in China ... of travellers to consumers in luxury beauty lagged.

Qatar Tourism concludes its tour in 4 Chinese cities

Blitz 02 May 2023
China is one of the main export markets for tourism, as many of its travelers are looking for a destination that provides them with a luxurious tourist holiday in a modern city. Last year, the representative office of Qatar Tourism in China hosted 31 seminars and training courses ...

Arabian Travel Market opens doors to 34,000 visitors over four-day tourism conference

The National 01 May 2023
Tens of thousands are expected to gather at the Dubai World Trade Centre for the 30th annual Arabian Travel Market, which starts on Monday and ... The return of luxury travel will also be high on the agenda, as well as sessions focusing on markets including China, India and the GCC.

Elon Musk praises Chinese smart Fuxing bullet trains

ECNS 24 Apr 2023
Other comments include “Can't wait to hop on China's luxurious high-speed train and add some adventure to my trip!” ”My dream is to travel to China.” ”When I go to China I will make sure to take this!” “This is truly amazing.” “Took the Bullet Train back in 2019 from Beijing to Shanghai."and "Something I will never forget.

Europe profits from China's recovery

People Daily 21 Apr 2023
While auto and luxury are the most exposed sectors in the sample, we expect our preferred sectors — travel and leisure, chemicals and basic resources — to benefit most from China's economic recovery ... After three years of travel restrictions in China, and a 20 trillion yuan ($2.90 ...

Hainan works to promote high-level opening-up

People Daily 20 Apr 2023
This makes Hainan one of the largest provinces in China in terms of the total tonnage of international vessels ... Tapestry, Inc., a New York-based house of modern luxury lifestyle brands has inaugurated its China travel retail headquarters in Hainan, and Estée Lauder Companies, Inc.

Luxury market gains back shine on recovering consumer confidence

China Daily 12 Apr 2023
China's luxury market is expected to recover this year, supported by its rebounding consumer confidence, said a recent report ... According to Yaok Research Institute, in 2022, China's luxury market totaled 956 billion yuan ($138.86 billion), taking up 38 percent of the global total.

LVMH 1Q Rev EUR21.04B

Market Watch 12 Apr 2023
LVMH Moet Hennessy Louis Vuitton SE on Wednesday reported first-quarter sales above expectations, as a lifting of sanitary restrictions in China boosted performance there, and a rebound in international travel drove duty-free sales. The French luxury-goods giant, owner of fashion ...

Crisis, what crisis? Five signs that luxury spending is booming

The Times/The Sunday Times 09 Apr 2023
The entire luxury sector is looking healthy, buoyed by the relaxing of Covid restrictions in China and the steady recovery of international travel. “The [European] luxury goods sector has outperformed the market due to the excitement about China’s reopening,” analysts at investment bank UBS wrote last week ... Pandemic memories to boost travel.

First US official visits China marking low-key return to dialogue since Blinken's scrapped trip

Hindustan Times 28 Mar 2023
Rick Waters, who heads the State Department's new so-called "China House" that supervises US policy toward Beijing, traveled to Beijing as well as Shanghai and Hong Kong, department spokesman Vedant Patel told reporters ... 'US-China conflict a luxury world can't afford', warns Singapore PM.

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