The COVID-19 pandemic had a devastating impact on the global economy in 2020, with consumers in nearly all socioeconomic groups significantly affected. However, the most affluent consumers in Hong Kong escaped relatively unscathed from the economic consequences of the pandemic, which enabled sales of premium and luxury...
Restrictions on international travel due to COVID-19 resulted in a marked decline in inbound tourism in 2020, with a 90%...
Luxury hotels are expected to record what looks like relatively strong growth in 2021. However, measured against the sev...
Luxury foodservice is expected to record dynamic growth in 2021, backed by a strong local consumer base, which will retu...
The travel restrictions imposed by the government from March 2020 suspended inbound tourism. It was the first time, in 2...
GlobalData’s Country Profile report on the savory snacks sector in China provides insights on high gro...
According to CRI’s analysis, in recent years, the growth rate of China’s cotton spinning industry is slowing down and la...
