“Chinese tourists queuing up to buy Louis Vuitton bags in Japan at 4 am”: Trending hashtag on Chinese social media
According to Umetrip (航旅纵横), as of April 22nd, bookings from Chinese tourists for both inbound and outbound international flights have exceeded 790,000, an increase of over 1.5 times from the previous year. Specifically, among the most popular outbound travel destinations, Japan emerged as the top choice. In the first quarter of this year, Chinese tourists spent RMB […]
Southeast Asia’s luxury market: a rising star on the luxury map
The luxury market in Southeast Asia is often overlooked compared to China, Japan, and South Korea. However, the luxury market in this region is on the rise. It generated USD 14.38 billion in revenue in 2022 and is expected to continue to grow. The ASEAN comprises 10 member states, six of which, namely Singapore, Thailand, […]