Latest News for: China luxury 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.

Women prove they have the talent for management

China Daily 17 Mar 2023
After working for a few international hotel brands and several major luxury hotels, she joined J Hotel, a homegrown ultraluxury hotel by Jinjiang International Holdings, one of China's leading travel and hospitality conglomerates based in Shanghai, in July 2021.

Việt Nam's hotels recovering from pandemic but still face challenges: Savills

Vietnam News 15 Mar 2023
This was mainly due to stronger demand from business and leisure travel, especially pent-up demand for luxury accommodation from overseas visitors. Following China’s border reopening in early 2023, many countries are gearing up for the return of Chinese travellers.

Hong Kong shops stand empty as top brands leave for mainland China

Business Day 07 Mar 2023
Many luxury brands expanded in mainland China during the pandemic, opening stores in far-flung locations to reach consumers unable to travel ... Hainan also accounted for 13% of China’s domestic luxury spend in 2021 vs 6% prepandemic, and tax regulations are set to ease further, allowing more duty-free stores to open.

Is Vinyl Really More Final Than We Think?

The Keene Sentinel 02 Mar 2023
Luxury and vinyl aren’t two things I’d normally associate together ... Luxury vinyl plank flooring is now the most common type of flooring in the US ... Most luxury vinyl plank flooring is made in China but pvc pipes and windows are often manufactured in the US ... Our luxury plank flooring ...

Trengganu & Kelantan not entitled to oil royalty, says Rafizi

Malaysia Today 01 Mar 2023
He was responding to Puchong MP Yeo Bee Yin, who warned that imposing the luxury goods tax on tourists would make Malaysia less attractive to travellers, especially those from China. Putrajaya is planning to introduce the tax this year under Budget 2023, imposing it on luxury fashion items such as high-end watches.

Hualuxe hotels poised to meet needs of cultured crowd in growing market

China Daily 24 Feb 2023
"We have been accompanied by the meteoric rise of China and the rising pride and confidence in its traditional culture," she explained."With the market's rapid consumption upgrade, especially amid high-net-worth ... This is creating huge potential in China's luxury hotel market.".

Delta Global Bets on Hong Kong to Grow Regional Business on the Back of E-Commerce Boom

Vietnam News 23 Feb 2023
In Mainland China and Hong Kong, specifically, corporate responsibility was ... As the demand for luxury brands increases in places like China and Korea through channels such as travel retail and e-commerce, the packaging industries for premium brands are likewise anticipated to boom.

Don’t count on China to save the world economy

Live Mint 16 Feb 2023
... China immediately after reopening, it expects a record year for revenue, powered by sales in China, Hong Kong and Macau as travel resumes.Bernard Arnault, chairman and chief executive of luxury goods giant LVMH Moët Hennessy Louis Vuitton SE, told analysts and reporters on Jan.

Gucci China, US slump pushes Kering sales down 7%

Reuters 15 Feb 2023
PARIS, Feb 15 (Reuters) - Sales at French luxury group Kering (PRTP.PA) fell 7% in the fourth quarter, dragged lower by a slump in revenue at its biggest brand Gucci which was hit by COVID lockdowns in China and weaker demand in the United States due to a stronger dollar.

China to account for 25 pct of global luxury market share by 2025: PwC

Xinhua 10 Feb 2023
10 (Xinhua) -- China's luxury goods market is expected to grow to 816 billion yuan (about 112 billion U.S ... "China's luxury market is rapidly recovering from the pandemic with greater strength, resilience and flexibility," said Steven Zhong, ESG ...

China to account for 25% of global luxury market share by 2025: PwC

China Daily 10 Feb 2023
SHANGHAI - China's luxury goods market is expected to grow to 816 billion yuan ($112 billion) by 2025, or approximately 25 percent of the global total, said a report from PwC China on Thursday ... "China's luxury market is ...

Coty raises profit forecast on resilient demand, price hikes

Reuters 08 Feb 2023
Mercier told Reuters China posed a big opportunity in the coming quarters combined with ... Analysts expect China's move to relax the toughest COVID curbs and lift some travel restrictions to benefit luxury and beauty companies that had flagged a hit to sales in the country.

China trying to increase influence on journalists in Southeast Asia through training programs: Report

Beijing News 05 Feb 2023
China has been trying to increase its influence on journalists in Southeast Asia and other developing regions by conducting a large number of training programs, Nikkei Asia reported ... The trips include stays in luxury apartments in Beijing, a monthly stipend, and travels around China ... China's Uneven Campaign to Influence Asia and the World.

Estee expects bigger drop in profit on higher costs, slow China recovery

FX Empire 02 Feb 2023
companies such as Estee had been impacted by China’s strict zero-COVID policy, but analysts expect the country’s recent move to relax its toughest curbs and lift travel restrictions to boost sales for luxury and beauty companies.

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This photo made from video provided by the Russian Defense Ministry Press Service on Wednesday, March 29, 2023, shows a Yars missile launcher of the Russian armed forces being driven in an undisclosed location in Russia.
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