According to Bain & Company, Chinese consumers made 27% of their luxury purchases in China in 2018, up from 23% in 2015.
Huazhu will raise no more than USD 970 million through the second listing in Hong Kong.
Hong Kong reveals travel bubble talks with countries like Japan, Thailand, Germany; China Duty Free Group expands in Sanya with new airport joint venture.
By the end of August, duty-free spending on Hainan Island had jumped 221.9% year-on-year to RMB 5.58 billion, or USD 810 million, according to China Customs.
As a result of such efforts, the nation's civil aviation flights topped 13,000 per day at the end of August, equal to 90% of pre-virus levels.
Confirming an earlier Post report, officials said that from Friday restaurants would be able to seat four diners to a table, up from two.
People were still very cautious and tended to book last minute.
Tencent-invested OTA partners with LINE unit in Thailand; Resumption of tourism between China, Thailand "not happening any time soon".
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