A luxury shopping complex in Bangkok. The Asia-Pacific region generated luxury goods sales worth US$438 billion, the largest number globally, last year. Photo: EPA-EFE A luxury shopping complex in Bangkok. The Asia-Pacific region generated luxury goods sales worth US$438 billion, the largest number globally, last year. Photo: EPA-EFE
A luxury shopping complex in Bangkok. The Asia-Pacific region generated luxury goods sales worth US$438 billion, the largest number globally, last year. Photo: EPA-EFE

Global luxury market – once aiming to rival Indonesia’s US$1.1 trillion economy – heads for 18 per cent drop, as coronavirus grounds Chinese travellers

  • The sector was worth US$1.06 trillion in 2019 and had been forecast to reach US$1.09 trillion this year: Euromonitor
  • Asia-Pacific likely to see the most declines, as sales fall in China

Topic |   Luxury & Gaming
A luxury shopping complex in Bangkok. The Asia-Pacific region generated luxury goods sales worth US$438 billion, the largest number globally, last year. Photo: EPA-EFE A luxury shopping complex in Bangkok. The Asia-Pacific region generated luxury goods sales worth US$438 billion, the largest number globally, last year. Photo: EPA-EFE
A luxury shopping complex in Bangkok. The Asia-Pacific region generated luxury goods sales worth US$438 billion, the largest number globally, last year. Photo: EPA-EFE
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