It is understood that due to the outbreak of the new wave of new crown epidemic in China, Chinese tourists who consume high in Europe have decreased. At the same time, China’s luxury market sales have also declined significantly this year.
On the other hand, with the weakness of the euro (falling below $ 1 last Wednesday), Europe’s attractiveness to American tourists has increased, and American tourists have replaced Chinese tourists to become the main growth momentum of the European luxury goods industry in the second quarter of this year. American tourists surge Entering the Monteon Avenue in Paris, patronizing luxury boutique stores, including designer brands such as Louis Vuitton, Chanel and Gutci. According to the latest data, the strengthening of the US dollar against the euro has led to fourfold European tourism spending in June compared with last year, of which American expenditure increased significantly.
According to the data released by the luxury company Richemont and Burberry on Friday, sales in Europe have increased, which helps offset more than 30% of the Chinese market.