News Company

How the decline in Chinese tourists around the world has hit the luxury sector

  • Written by Xiaoqing Chen, Lecturer in Management, University of Aberdeen
How the decline in Chinese tourists around the world has hit the luxury sectorNot your average souvenir shop.Melanie Pongratz via Unsplash

Large groups of Chinese visitors have become a pillar of the global tourism industry. Coronavirus has not only put paid to this enormous source of income for major cities and sights around the world, it is having a massive knock-on effect for the luxury goods business.

For any tourist,...