Chinese Tourists Boost European Summer Tourism While Americans Scale Back As the world slowly emerges from the shadows of the pandemic, the tourism industry is experiencing a shift in traveler dynamics. This summer, European destinations are set to welcome an influx of Chinese tourists, providing a much-needed boost to hoteliers and restaurateurs across the continent. […]
Estée Lauder Companies, L’Oréal Suffer as China Duty-Free Spend Continues to Fall
Estée Lauder Companies, L’Oréal Suffer as China Duty-Free Spend Continues to Fall The allure of the Chinese travel retail market has long been a beacon of hope for global beauty conglomerates like Estée Lauder Companies and L’Oréal. With the influx of Chinese tourists seeking luxury goods at duty-free shops, these companies positioned themselves to capitalize […]