Hong Kong cosmetics chain blames drop in Chinese tourists for declining profits

Posted by Daniel Meesak
On 30th November 2015
decline, hong kong, shopping, tax free, tourism, trend

As Chinese people are changing their tourism patterns towards more exotic destinations instead of going to the special administrative regions of Hong Kong and Macau, retailers in Hong Kong are seeing declining profits and lower numbers of mainland Chinese customers. The Hong Kong cosmetics chain SaSa saw its half-year net profit drop by 55%, mainly […]

Japan close to reaching ambitious 2020 tourism goal thanks to Chinese tourists

Posted by Daniel Meesak
On 23rd November 2015
chinese, goal, japan, olympics, record, shopping, tourism, tourists

The explosion in Chinese tourists arriving in Japan has led to Japan to be close to reaching its, initially considered very ambitious, tourism goal of 20 million foreign visitors in one year. The previous record was 13.4 million arrivals in one year, and it has already attracted 16.3 million visitors this year – with many […]

Chinese customers now account for 31 % of global luxury shopping

Posted by Daniel Meesak
On 16th November 2015
china, europe, growth, hong kong, luxury, macau, shopping, spending, tax free, trend

According to Bain & Company’s 2015 Worldwide Luxury Report, Chinese customers represent the largest group of customers for luxury products, holding a 31 % share of luxury shopping globally, followed by the United States (24 %), and Europeans (18 %). Despite that, Bain & Company reports that Asia performed historically poorly in the luxury market, […]

Japanese airport corporations to compete for Chinese tax-free shoppers with downtown stores

Posted by Daniel Meesak
On 2nd November 2015
airport, chinese, cosmetics, duty free, japan, outbound, shopping, tax free, tourism, tourists

Japanese airports are facing increased competition from downtown tax-free shops for tourist shopping, as the Japanese government target of 10,000 tax-free shops by 2020 has already been reached and with the number of shopping-oriented tourists from China rapidly increasing in their arrivals to Japan. Japan changed its regulation in regards to tax-free shopping on October […]

China considering punishments for tourists going on illegal bargain tours

Posted by Daniel Meesak
On 28th October 2015
bargain, china, hong kong, legislation, regulation, shopping, tourism, tours

So-called bargain tours have been a common element in tourism for many Chinese customers throughout the last years. Essentially, bargain tours are tours to destinations – many to Hong Kong – sold below the market price, with the catch that the tourists are forced to purchase goods to a minimum value in shops chosen by […]

Recap: 7 reasons why the Chinese will boost the global tourism industry

Posted by Newsdesk
On 26th October 2015
boost, chinese, investments, shopping, spending, tourists, visa

China has become the largest source of travel in the world, with traveller numbers up 20% to 109 million in 2014. However, the prospects of the outbound Chinese tourism industry have been put into question as the overall economic performance of China in 2014 and the first half of 2015 was characterised by a slowing […]

Influx of Chinese tourists prompting hotels to adapt in new ways

Posted by Daniel Meesak
On 22nd October 2015
adaptation, chinese, hotel, outbound, product, shopping, tourism, tourists

The growing number of Chinese tourists spending hotel nights abroad is prompting many hotels to adapt to the different demands and preferences that Chinese people have in comparison to other customer groups. Some of the types of product adaptation may be less expected than others. For example, hotels in Australia found that their storage rooms […]

#1: 7 reasons why the Chinese will boost the global tourism industry

Posted by Newsdesk
On 16th October 2015
chinese, cotri, luxury, shopping, spending, tourism, tourists

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