Travel in Asia: Understanding their psychology

2020-12-24T09:13:57+00:00

Due to its young age and big size, luxury spending in China is unique. Despite China’s slowing economy in 2019, Chinese luxury spending is still growing. By 2025, Chinese luxury spending, which accounts for a third of global luxury spending, will double this decade’s figures, thanks to China becoming the country with the most high-income households worldwide. For luxury industries to handle these, they must understand how China’s rich people differ from luxury consumers around the world. It turns out that many international travelers who visit Asia are curious as well. An international traveler’s question: Why are Asian people interested in [...]