03 May '11, 10am

China shoppers thirst for luxury goods

SHANGHAI : The growing demand for high end goods in China is also influencing travel patterns. The just ended Labour Day holiday saw an additional 20 per cent more Chinese tourists heading to Hainan's Sanya. The reason - the opening of a new duty-free store there selling luxury items. The recently opened duty-free store in Sanya has become a must-go destination for Chinese travellers. Already, airlines are increasing flights to Hainan and travel agencies are tailoring their itinerary to meet demand. China imposes hefty taxes on luxury goods, so buying high-end items duty free can mean savings of up to 30 per cent. "These tourists prefer to buy products related to their travel needs, such as branded sunglasses, clothes and diving equipment. They cost several hundred yuan cheaper than if they were to buy from Shanghai," said Bian Xiang Guo, Assistant General Manager, Domesti...

Full article: http://www.channelnewsasia.com/stories/lifestylenews/view...

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