Articles tagged “shopping”

Luxury

Milan Gears Up for Lunar New Year Hoping for Return of Chinese Tourists

Stores are cashing out for Lunar New Year, but not in red pockets. Backdrops and clothing dedicated to the Year of the Rabbit are hoping to lure Chinese tourists. The return of this important group of customers will be crucial for luxury sales and performance in malls.

Milan Gears Up for Lunar New Year Hoping for Return of Chinese Tourists

Tourism

American Shoppers With Strong Dollars in Europe Help Compensate for Absent Chinese Travelers

A new definition for "affordable luxury:" Americans shopping in Paris for Birkin bags from Hermes, and walking away with exceptional deals because of the strength of the dollar versus the euro.

American Shoppers With Strong Dollars in Europe Help Compensate for Absent Chinese Travelers

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.

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.

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.

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.

Luxury Beauty Brands Make Over Airport Retail

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.

Why Aren’t Visitors Splurging in Crazy Rich Singapore?

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.

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

Business Travel

Mall Operator Westfield Emulates Luxury Hotels for New Service Style

It is difficult to distill years of nuanced luxury training down into a single program, but Westfield's eagerness to look to luxury hospitality is a sign that it is headed in the right direction.

Mall Operator Westfield Emulates Luxury Hotels for New Service Style

Tourism

5 Charts Showing the Rise of Independent Chinese Travelers

We're still many years away from seeing a tipping point when more Chinese travel independently than with tour groups. But this data should be a wake-up call to destinations and travel brands that a shift is already happening in some places and for some segments of the market.

5 Charts Showing the Rise of Independent Chinese Travelers