Summary: New must-do for Chinese tourists: French wine tour. U.S. Tourist Visa Demand Surges from China. How the Chinese Rich Shop… Abroad. Selling China on California. Chinese Tourists on Global Luxury Spending Spree Driving Revenue at U.S. Retailers. Showing off: The culture behind China’s luxury goods market. Luxury Car Brands and Their Chinese Stereotypes. China’s Super-Rich Buy a Better Life Abroad.
Both Michelin and French hotels are diverting Chinese tourists from Paris to the vineyard. http://www.cnngo.com/shanghai/visit/new-prey-chinese-tourists-french-wine-tour-775143
About 160,000 of the 1 million visas issued last year in China were to students, who make up the largest foreign national group at American universities and colleges. http://www.bloomberg.com/news/2011-11-08/u-s-tourist-visa-demand-surges-on-china-brazil.html
Analysts now know that the best place to learn about Chinese ultra-rich consumers is not the mainland. http://red-luxury.com/2011/11/16/how-the-chinese-rich-shop-abroad/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+RedLuxury+%28Red+Luxury%29
“Roughly half of our U.S. sales increase in the quarter came from higher spending by foreign visitors, increasingly led by Chinese travelers,” said Mark Aaron, vice-president of investor relations for Tiffany & Co. In October, Harrod’s reported sales had been driven up by Chinese tourists, who, on average spend £3,500 per store visit.http://www.ibtimes.com/articles/251631/20111117/chinese-tourists-luxury-spending-tiffanys-coach-saks.htm?utm_source=twitterfeed&utm_medium=twitter
Showing off: The culture behind China’s luxury market. The Economic Observer, a Chinese newspaper, reported that one factor fueling the trend is that Chinese culture puts a premium on showing off wealth. The prevalence of “face” culture means consumers are self-aware and concerned about winning others’ respect with their purchases. Many people in China regard luxury goods as symbols of status and power.http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1202&MainCatID=12&id=20111120000063
“Because the market is so young, brand perceptions and a car’s face” — an idiom meaning prestige or repute — “are both critical,” said Zhang Yu, managing director of Automotive Foresight, a Shanghai industry consultancy. Here are a few of the stereotypes that are impacting sales in China: http://red-luxury.com/2011/11/22/luxury-car-brands-and-their-chinese-stereotypes/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+RedLuxury+%28Red+Luxury%29
Education for the kids, clean air, and rule of law are luring wealthy families to emigrate. http://www.businessweek.com/magazine/chinas-superrich-buy-a-better-life-abroad-11222011.html