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Search results for “luxury goods”
Rising middle class in China imparts potential for the global tourism
03/28/2016
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2:08:30 PM
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ANZ projections indicate that China’s middle class by broad definition will reach about 93% of the urban population by 2030 and the rise of China’s middle class will help lift consumption share in GDP to around 50% by 2030 from 36% in 2014.
Marriott Investor Call: This Is What We Have in Store for Starwood
03/22/2016
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6:31:19 PM
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Marriott held a call for investors on this Monday morning, talking primarily about the new deal’s terms. Marriott decided to combine its Rewards with Starwood Preferred Guest loyalty programs and integrate their brands.With newly revised bid, the synergies have risen to $250 million, and Marriott expects them to be fully achieved within two years after closing.
Chinese consumers buy nearly half of world's luxury products
02/16/2016
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7:07:20 AM
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Chinese consumers spent RMB 1.2 trillion (about US$183 billion) abroad last year, buying nearly half of world's luxury products.
Huazhu expects continued growth into 2016
03/18/2016
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10:06:50 AM
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After a strong year of expansion in 2015, Huazhu (China Lodging Group) CEO Min Zhang discussed the company’s plan to continue its trajectory through 2016.
Chinese spend RMB 1.2 trillion overseas in 2015
02/14/2016
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11:00:22 AM
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Chinese consumers spent 1.2 trillion yuan (184 billion U.S. dollars) overseas last year, with over 60 percent going to luxury goods, according to an estimate by Fortune Character.
China spends big on holiday travel, movies and cruises
02/17/2016
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8:42:27 AM
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Spending is up, even with growth slowing and stocks slumping.
Gucci-buying Chinese boost Japanese premium-mall sales to record
02/14/2016
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10:54:40 AM
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Mitsubishi Estate plans to open a new high-end outlet in 2018 as overseas visitors to its malls surge more than 80 percent.
Measuring Airbnb’s Real Threat to U.S. Hotels Using Industry Metrics
02/04/2016
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12:57:27 AM
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According to a report released by CBRE, Airbnb grows faster in American smaller and emerging markets while it exerts greater influence in large American markets.
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