Luxury Marketer

Headlines: Brexit, China staycation, tough times, exuberant growth

October 25, 2023

Instead of traveling abroad, many young vacationers in China are opting for weekends at the Bulgari to the Bellagio. Image credit: Bulgari Hotel Shanghai Instead of traveling abroad, many young vacationers in China are opting for weekends at the Bulgari to the Bellagio. Image credit: Bulgari Hotel Shanghai

 

Curated headlines by Luxury Roundtable

We bring you the latest headlines in luxury to save you time. Please note that most sources are behind paywalls.

Big mistake? Brexit, end of VAT a costly blunder for Chinese tourism in the UK
During China’s recent National Day holiday, an increasing number of Chinese tourists to Europe opted to visit Ireland, Italy and France instead of the once-popular London, anecdotal evidence from travelers and experts suggests. (Jing Daily)

China’s homegrown getaway: Unraveling the luxury staycation trend
The impact of the pandemic created a new staycation trend in China, with many citizens preferring to stay in their home cities for vacations, or take short trips to surrounding areas. (Jing Daily)

Tougher times for luxury brands separate winners from losers
The luxury-goods industry’s first slowdown since the pandemic is separating the winners from the losers. (The Business of Fashion)

Exuberant luxury growth is over. What’s next?
Luxury goods sales are finally reflecting the realities of the economic cycle. But analysts say there’s cause for optimism — even in the US and China. (Vogue Business)