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Thursday, December 2, 2010

Chinese Tourists Boost Europe Luxury Sales

Good article telling you a lot about the increase of wealth within China as shown by Chinese tourists in Europe.

Chinese Tourists Boost Europe Luxury Sales - WSJ

Key Points:
  • 22% of all Gucci sales in Europe are to Chinese tourists
  • 2.4 Million Chinese tourists will visit Europe in 2010 (estimate)
  • Average spend per Chinese tourist is 718 Euro ($932) on tax free shopping
  • 30% of London Burrberry Sales are to Chinese tourists

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