Luxury stocks such as LVMH and Richemont are expected to face a challenging start to the new year due to a decline in demand from Chinese shoppers. Chinese travelers are resuming air travel, but their spending habits have changed, impacting luxury retailers in Hong Kong. The drop in high-spending Chinese tourists has prompted adjustments by luxury retailers in Hong Kong.
Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists @ReutersChina https://t.co/lK14QzuL1d
Chinese Tourists Are Back. They Just Aren't Shopping Like Before. https://t.co/QE9dFd9Udp
Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists https://t.co/PmvnkmYpdr via @farahmaster
Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists https://t.co/RkkrkKkWko https://t.co/9RRXQNtc5y
"After being grounded for three years during the pandemic, Chinese travelers are taking to the skies again. But they don’t look or spend the same." @natashakhanhk https://t.co/iDZaXOld1H https://t.co/iDZaXOld1H
Chinese travelers are taking to the skies again. They just aren’t shopping like before. https://t.co/pARiGIgdaY https://t.co/pARiGIgdaY
LVMH, Richemont and other luxury stocks may be in for a tough start to the new year as demand from Chinese shoppers wanes https://t.co/froerSBGwK
LVMH, Richemont and other luxury stocks may be in for a tough start to the new year as demand from Chinese shoppers wanes https://t.co/HVGh9QmOYR