Coronavirus (COVID-19) From permanent shifts to temporary change, we identify the themes transforming consumer markets as behaviour, values and priorities shift in the light of the Coronavirus pandemic.
Find content by

Optimism for the Luxury Goods Market in China

5/13/2021
Fflur Roberts Profile Picture
Fflur Roberts Bio
Share:

After a slump in the first quarter of 2020 due to lockdown measures, the luxury market in China rebounded much faster than expected. This was mainly due to pent-up demand for shopping, but also due to an increase in local consumption. Although China will continue to be impacted by uncertainty surrounding travel flows, Euromonitor International's latest travel data suggests that tourist spending will increase by around 80 percent in 2021, having dropped by 57 percent in 2020.

For more information about the luxury market in Asia Pacific, you may read our recent article Luxury Spending in Asia Pacific Beyond Coronavirus: Key Strategies for the Future.

Interested in more insights? Subscribe to our content

Latest Insights

コロナ後のコーヒーショップの進化とは

Michael Schaefer 14 September 2021

Global Economic Forecasts Q3 2021

Euromonitor International 08 September 2021

Coffee Shops' Post-Coronavirus Evolution

Michael Schaefer 30 August 2021

Shop Our Reports

Restaurant At-home: Innovating With the Culinary Experience

A scorecard approach evaluating survey results, macro environment and claim usage across 40 markets to help companies prioritise where to emphasise…

View Report

Electric Mobility: Opportunities and Challenges in the Clean Fuel Industry

The briefing examines the global development of the EV industry. It breaks down the analysis into three key pillars: EV industry overview, EV charging industry…

View Report

Exploring Opportunities in Services and Payments in the New Normal in Sub-Saharan Africa

Coronavirus (COVID-19) has shaken up the consumer goods, services and payment industries in Sub-Saharan Africa, putting pressure on supply chains and depressing…

View Report
Passport Our premier global market research database with detailed data and analysis on industries, companies, economies and consumers. Track existing and future opportunities to support critical decision-making across all functions within your organisation Learn More