Tag Archives: Hong Kong

Mainland Chinese tourists driving Hong Kong sales

Mainland Chinese tourists driving Hong Kong sales

Hong Kong is reaping the benefits from the Mainland Chinese tourism shopping spree, as Mainland Chinese flock to Hong Kong to purchase a wide variety of products, from food to personal care to high end luxury. The two top cited reasons are lower prices than in the Mainland (as much as 20% for luxury goods) and peace of mind when it comes to product quality.

Mainland Chinese visitors accounted for 67% of retail sales (which were up 26% from last year) in the first eight months of 2011, and represented the largest group of spenders. Retail sales are expected to grow 15 to 20% from the period a year ago during the recent October Golden Week holiday.

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