Hurun Report releases Chinese Luxury Consumer Survey 2014 and Hurun Best of the Best Awards 2014. According to Hurun Report Chinese Luxury Consumer Survey 2014, the average spending of China’s high net worth individuals has decreased by 15%, with spending on gift giving down by a dramatic 25%. HNWIs are busier than ever. They … Read more
The total value of import/export trade across China’s borders in the yacht and leisure boat market grew by 25.7 per cent over the last year to US$476m. According to new statistics, exports accounted for US$258m – an increase of 24.1 per cent – while imports grew by 24.1 per cent to US $218m. Like … Read more
Forbes Travel Guide’s Ratings: Luxury Brands Continue to Shine. Forbes Travel Guide unveiled its 56th list of Star Rating recipients worldwide, including 15 new Five-Star hotels, 16 new Five-Star restaurants and five new Five-Star spas. The total number of Five-Star hotels now numbers 97 worldwide, the most in Forbes Travel Guide’s history. This year’s list … Read more
Premium and high-end car manufacturer Mercedes-Benz is breaking new ground by entering the premium travel business with Mercedes-Benz Travel, being the first automotive brand entering the international market for premium travel services. The Stuttgart automaker presented its new “Mercedes-Benz Travel” brand in Shanghai. The first market for this new business concept will be China, … Read more
Chinese consumers still love luxury goods, love Burberry and prefer to buy their items abroad, according to “Luxury Purchase Power” survey by Chinese news site iFeng quoted by jingdaily. This year, Burberry topped the list of favorite brands and was followed closely by Chanel, Gucci, Louis Vuitton, Prada, and Dior. This reflects overall trends … Read more
Gucci China-red – exclusive Year of the Horse collection Italian luxury label Gucci is the latest to jump in on the year of the horse bandwagon with China-exclusive Year of the Horse collection, following in the footsteps of fashion designer Carolina Herrera who launched a special-edition red-and-gold Matryoshka bag, DKNY‘s new 16-piece collection, Moleskine x … Read more