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