Grounded but ready to shop: Where are China?s luxury consumers going"
The luxury industry derives a tremendous amount of annual revenues from international travellers and with trans-national viral threats ending air travel, Asia Pacific region shows an unlikely way forward via Chinese live-streaming
The post Grounded but ready to shop: Where are China’s luxury consumers going" appeared first on LUXUO.
A person stands under an umbrella looking at the deserted courtyard outside the Louvre Pyramid, the main entrance to the museum which was once a royal residence, located in central in Paris on March 2, 2020. – The Louvre in Paris, the world’s most visited museum, was closed for a second day running on March 2, 2020, after staff refused for a second day running to work due to coronavirus fears, a union said. The Paris museum insisted that closure was not necessary in response to fears over the virus, which has spread to over 60 countries after first emerging in China late last year. (Photo by Ludovic Marin / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images) The tourism industry has been hardest hit by the global health crisis; with air travel falling 95%, with $1.2 trillion of losses, it?s not just the airlines and travel companies that have been hardest hit, it?s also the luxury brands that rely on travel to generate a significant portion of revenues.
According to United Nations? World Tourism Organization projections, there could be 1.1 bullion fewer international travellers in 2020 – a disaster considering Bain &am...
The post Grounded but ready to shop: Where are China’s luxury consumers going" appeared first on LUXUO.
A person stands under an umbrella looking at the deserted courtyard outside the Louvre Pyramid, the main entrance to the museum which was once a royal residence, located in central in Paris on March 2, 2020. – The Louvre in Paris, the world’s most visited museum, was closed for a second day running on March 2, 2020, after staff refused for a second day running to work due to coronavirus fears, a union said. The Paris museum insisted that closure was not necessary in response to fears over the virus, which has spread to over 60 countries after first emerging in China late last year. (Photo by Ludovic Marin / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images) The tourism industry has been hardest hit by the global health crisis; with air travel falling 95%, with $1.2 trillion of losses, it?s not just the airlines and travel companies that have been hardest hit, it?s also the luxury brands that rely on travel to generate a significant portion of revenues.
According to United Nations? World Tourism Organization projections, there could be 1.1 bullion fewer international travellers in 2020 – a disaster considering Bain &am...
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