A new article in Business Insider came out today reiterating what we already know. Spendy Chinese tourists are traveling the globe, much to the benefit of luxury good retailers. An article in the Business Insider looked into Chinese tourists going to New York. Last year 306,000 Mainland Chinese visited New York - up from 59,000 in 2002.The typical Chinese tourist stayed for 11.3 days in New York and spent $3,297 per trip. Chinese tourists contributed US$877 million to the New York economy last year. Reasons cited for luxury purchases in the US include lower prices than those in China and the propensity for gift giving to bring back to family and friends.
We have noticed the influx of Chinese tourists to New York too, and have some exciting events planned for Chinese New Year in New York in 2012 that we will be announcing soon — contact us for more details.