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Growth in overnight Mainland visitors to Hong Kong has slumped to a fraction of last year’s figures. Total visitor numbers from China’s Mainland in May rose by five per cent year on year – but it’s the day trippers making the numbers, not the cashed up…
China’s ban on group tours to South Korea in retaliation against a planned deployment of a missile defence system there could see a revival of tourism to Hong Kong, where retailers have been struggling. “South Korea, Southeast Asia and Hong Kong are all…
Feeling the pinch from a tough trading environment, luxury goods retailer Richemont has announced restructuring measures, including the closure of stores. Richemont Asia sales have declined despite a 26 per cent increase in sales in Mainland China. Global…
