Osaka, long Japan’s “second city,” is winning the race against Tokyo to draw foreign tourists, but after a boom, its retailers and property developers are adapting to shifting tourism spending patterns.
The UK is a magnet for luxury tourists but the potential for spend at its upscale fashion stores is being let down by the country’s ‘Stone Age’ method of refunding VAT, experts claim. And Brexit could make it worse.
Chinese holidaymakers shelled out the most money in European countries over the Lunar New Year. Data also suggests that Chinese visitors to Europe dropped the most money in department stores and luxury shops.
Longchamp creative director Sophie Delafontaine presented a collection inspired by transatlantic travel between Paris and New York City with a classic rock 'n' roll aesthetic, as the brand continues to expand globally.
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that he and other officials will travel to Beijing next week for trade talks, aiming to clinch a deal to avert a March 2 increase in U.S. tariffs on Chinese goods.
Father-daughter duo Lenny and Zoe Kravitz have been tapped as the new faces of luggage and travel accessories brand Tumi. The campaign marks the first time the two have appeared together on a film project.
International tourist spending was one of the few bright spots in UK retail last month and despite one of the worst festive seasons on record, tourists’ average transaction value rose in double-digits in December.
Tiffany & Co tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home.