tourist spending news and archive

China leads global tourism spending

According to industry predictions, Chinese consumers will account for more than 30 percent of all luxury purchases worldwide in 2014 and even 50 percent by 2020. Many of those purchases are made abroad while on a pleasure or business trip as Chinese consumers are the world’s top tourism spendersaccording to the “Digital IQ Index - Luxury China...

Fashion

Tourists Boost Retail Spending In London

Tourists and overseas visitors seem to be on the increase according to recent figures from the London Retail Consortium, having positive impact on retail sales. Sales in Central London increased by 4.6 per cent on a like-for-like basis compared with May 2003, when sales were still affected by the impact of terrorist threats and the SARS virus....