详情描述

Chinese consumers driving market growth: accelerations in domestic spending, at the expense of its neighbors, Hong Kong andMacau

Uncertainties on Us - China trade war causing continuing declinein Asian travel to the us

Weakening of the Euro against all major currencies causingincreased tourist inflows to Continental Europe

Positive final quarter for the region,although with differences acrosscountries: Brexit in UK and continuous socio-political protests in

France represent potential risks for the future of the region

Ongoing changes in Us tax plan creating temporal uncertainties,negatively impacting consumer spending on personal luxury goods
Malls and department stores underperforming as traffic continues todecline, while monobrand stores maintain a positive growth trend

Fragmented performances across EU, with impact of socio-political turmoilin UK and France partially offsetting higher tourism spending in the EurozonePromising rise in domestic consumption on full-price stores, despitea declining flow of Chinese tourists Mild growth, still fueled by Chinese consumers

China dominating the luxury scene, with Hong Kong and Macau losingground

Mixed performances in Middle East: soft but positive re-awakening ofDubai, with Qatar and Saudi showing weak tourism luxury spending

us maintaining its positive growth , fueled by full-price channels with strong domestic consumption in the retail and online segments, plus revamped tourist flows from Mexico and Brazoff-price channel suffering from lower footfall, sign of an uncertain aspirational customer

On the radar: evolving Us - China trade agreements pose potential risk to luxury consumers'confidence in the coming months

Mexico on the rise; Canada still on a positive trend, thanks to favorable exchange rate boostinglocal consumption and offsetting reduction in tourist purchases

Differences across countries in domestic consumptions; regional performance increasingly stimulated by tourists inflows and spending due to weakening currency Weakening macro-economic outlook, political evolution following recent elections and unclear development on Brexit agreement potentially damaging overall confidence of local consumers towards luxury spending

Positive growth trend across the entire region, except in Hong Kong and Macau, impacted byreduced tourist spending (mainly from Chinese)

Expanding middle class's disposable income fueling growth in SEA countries: Indonesia, Philippinesand Vietnam in the spotlight

Sustained growth in S.Korea, particularly in downtown locations, primarily fueled by localconsumers, with a mild but encouraging rebound of tourist flows

Japan maintaining its exclusivity: boost in travel retail favored by the 2020 Tokyo Olympic games, with Chinese tourists confirming their interests in the region
Increasing average ticket as 'new rich' from SEA still prefer splurging in Japan due to more product choice: creation of new routes for grey market 'lkina-rich' on the rise: young tech entrepreneurs less interested in ostentatious luxury and more in experiences

【更多详情，请下载：2019年奢侈品全球市场研究(春季版)】