More than two thirds of luxury purchases by Chinese buyers is done overseas. Photo: Reuters
More than two thirds of luxury purchases by Chinese buyers is done overseas. Photo: Reuters

Europe’s luxury sector looking forward to the return of big-spending Chinese tourists

  • The growth forecast for the luxury sector has been revised to 11 per cent this year, up from 7 per cent earlier, according to RBC
  • The Chinese accounted for ‘a third of luxury purchases in the world and two-thirds of those purchases were made outside China’, according to Bain’s Joelle de Montgolfier

More than two thirds of luxury purchases by Chinese buyers is done overseas. Photo: Reuters
More than two thirds of luxury purchases by Chinese buyers is done overseas. Photo: Reuters
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