tisdag 17 januari 2017

End of the boom? ‘Explosive shopping’ by Chinese tourists in Japan may be on the wane

Per capita spending by mainland tourists in Japan is down almost 19 per cent, as luxury items become more available in China.
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The heady days of Chinese travellers arriving in a shopping district in one of Japan’s major cities and stripping the shelves of the nearest stores appear to be over.
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The extravagant spending habits of cash-rich mainland Chinese in Japan was even given its own expression, “bakugai”, meaning “explosive shopping”.
But while visitor numbers continue to climb, hitting 24.04 million in 2016, up 22 per cent from the previous year and surpassing the 20 million mark for the first time.
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And while mainland Chinese remain the biggest spenders, splashing out an average of 227,821 yen (HK$15,500) per person during their stay, that figure was also down 18.9 per cent from a year earlier.
http://www.scmp.com/news/asia/east-asia/article/2062513/end-boom-explosive-shopping-chinese-tourists-japan-may-be-wane



 

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