Articles tagged “shopping”

Online Travel

How Google Plans to Make Money in Travel — and Everything Else

Google eventually will monetize its vacation rental listings, but paid advertisements in its Things To Do vertical will happen sooner. Conscientious objectors Airbnb, Expedia/Vrbo and Booking, which aren't participating with Google in vacation rentals for now, will likely have something to say about the shape of that money grab.

Dennis Schaal, Skift | 8 months ago
How Google Plans to Make Money in Travel — and Everything Else

Online Travel

4 Charts Showing the Massive Global Travel Opportunity: Courtesy of Trip.com IPO Filing

As many private equity and other investors will tell you, massive opportunities remain in the travel industry over the long term. The travel market will undeniably look very different in 2025 than it does today. But if you believe Trip.com's projections, boom times are ahead for many companies.

Dennis Schaal, Skift | 10 months ago
4 Charts Showing the Massive Global Travel Opportunity: Courtesy of Trip.com IPO Filing

Business Travel

A Plunge in Tourism Is Hurting Luxury Retail in Europe

The fashion capitals of Paris, Rome, and Milan are awakening to a harsh reality. Chinese and other Asian tourists accounted for a crucial slice of the luxury retail sector’s sales in Europe before coronavirus, but those visitors aren't likely to return soon.

Silvia Aloisi, Francesca Piscioneri, and Christian Lowe, Reuters | 2 years ago
A Plunge in Tourism Is Hurting Luxury Retail in Europe

Business Travel

Luxury Beauty Brands Make Over Airport Retail

Duty-free airport retail is an excellent way to reach coveted consumers. But airports also serve as the perfect global showcase for brands to test market products, try out new retail concepts, and build brand awareness among customers from emerging countries.

Laura Powell, Skift | 3 years ago
Luxury Beauty Brands Make Over Airport Retail

Business Travel

China’s Outbound Travelers May Be Spending Less on Luxury Goods

Fears of a Chinese slowdown have spooked luxury brands that look to outbound tourists from the world's second-largest economy to fill their shops. We at Skift can worry with the best of them about global trends, but for now, this Chinese spending decline seems modest and manageable.

Kim Bhasin, Cécile Daurat, and Matt Townsend, Bloomberg | 3 years ago
China’s Outbound Travelers May Be Spending Less on Luxury Goods

Tourism

Why Aren’t Visitors Splurging in Crazy Rich Singapore?

Singapore grapples with affordability, as seen in drops in shopping, dining, and hotel spending by tourists, who are also staying a shorter time. Going for more high-yield tourists and giving them the value they'd expect from paying high prices is the solution, and Singapore must do it fast. Here's why.

Raini Hamdi, Skift | 3 years ago
Why Aren’t Visitors Splurging in Crazy Rich Singapore?

Tourism

Chinese Independent Travel Sees Women Overtake Men as Dominant Force

When it comes to Chinese independent travel, women now make up the majority of travelers and they are spending a lot of money. But group travel still dominates in China.

Jing Travel | 3 years ago
Chinese Independent Travel Sees Women Overtake Men as Dominant Force

Tourism

International Tourists Fall Back in Love With Macy’s

Given the current U.S. tourism climate, it's difficult to know why visitors are flocking to Macy's in greater numbers. Still, it's another sign that things are looking up, at least temporarily, for the retailer.

Lindsey Rupp, Bloomberg | 4 years ago
International Tourists Fall Back in Love With Macy’s

Tourism

Weak Swiss Franc is Killing Shopping Tourism in Border Towns

The euro is stable but full of uncertainty these days, and economics wisdom likely points to France and Germany's Swiss border shopping towns getting some relief soon enough.

Hugo Miller and Catherine Bosley, Bloomberg | 4 years ago
Weak Swiss Franc is Killing Shopping Tourism in Border Towns

Tourism

Beverly Hills Tourism Gives a Facelift to Its Shopping and Evening Strategy in Amazon Era

Shopping is one of the parts of any trip that many travelers look forward to. Online shopping is certainly impacting in-destination spending in some markets, and more tourism boards are getting creative with how to compete with e-commerce giants.

Dan Peltier, Skift | 4 years ago
Beverly Hills Tourism Gives a Facelift to Its Shopping and Evening Strategy in Amazon Era