‘Golden era’ for Hong Kong retail is over as Chinese tourists continue to tighten their purse strings

‘Golden era’ for Hong Kong retail is over as Chinese tourists continue to tighten their purse strings

Tourists from mainland cities enter a Louis Vuitton store at Tsim Sha Tsui on June 5, 2024 in Hong Kong.  China News Service | China News Service | Getty Images Hong Kong’s retail sector has languished since the pandemic and analysts say it could be years before it bounces back. The city’s retail sales have … Read more

A new MIT study shows flying gets safer by the decade

A new MIT study shows flying gets safer by the decade

Airfare, departure times, flight length — these are the usual considerations for travelers who want to book a flight. But now, more are looking at a new factor: the aircraft itself.    One in five travelers said they are doing more research into the plane they may be flying on before they book, while slightly … Read more

Cannabis industry targets luxury consumers in New York

Cannabis industry targets luxury consumers in New York

The Travel Agency on Fifth Avenue in New York Cityis an adult-use recreational marijuana dispensary. Courtesy: The Travel Agency Cannabis consumption has turned a corner — and now it’s on Fifth Avenue. Shoppers walking along the iconic New York stretch of retailers can pick up jewels from Cartier and new threads from Saks, as well … Read more

Why travel demand to visit China is low, but interest in Japan is high

Why travel demand to visit China is low, but interest in Japan is high

With a plum position atop many “Best Places to Travel” lists, Japan is on track to welcome a record-breaking number of travelers in 2024. But China faces a different reality: a far slower return of international visitors. Both countries dropped Covid-related border restrictions relatively late — Japan in October 2022, and China in January 2023 … Read more

Ship that travels the world full time — here’s how much it costs

Ship that travels the world full time — here’s how much it costs

A floating apartment. A residential yacht. A holiday home that travels the globe. The World, a luxury liner, has many descriptions, but “cruise ship” is not one of them, said resident Jim Minarik. “The only thing that’s similar between the world and a cruise ship is they float on the water,” he said. “If our … Read more

Beyoncé launches whiskey line with LVMH’s Moët Hennessy

Beyoncé launches whiskey line with LVMH’s Moët Hennessy

Beyoncé at the 2024 iHeartRadio Music Awards held at the Dolby Theatre in Los Angeles on April 1, 2024. Michael Buckner | Billboard | Getty Images Beyoncé is holding her whiskey up high. The megastar is entering the luxury liquor business with the launch of a new whiskey line in collaboration with LVMH’s Moët Hennessy, … Read more

LVMH CEO Bernard Arnault’s family office invests in AI startups

LVMH CEO Bernard Arnault’s family office invests in AI startups

World’s top luxury group LVMH head Bernard Arnault presents the group’s annual results 2022 in Paris on January 26, 2023. Stefano Rellandini | AFP | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, … Read more

Where to stay and how to spend your money in Singapore

Where to stay and how to spend your money in Singapore

For many, Singapore — the city that inspired “Crazy Rich Asians” — is synonymous with luxury, with everything from top-tier accommodations to high-end shopping and restaurants. For the ultimate stay, Marina Bay Sands has an exclusive, invitation-only Chairman Suite, while Capella Singapore on Sentosa Island is a tranquil escape, known for hosting high-level international meetings. … Read more

How much does it cost to rent a superyacht? Try $1.4 million per week

How much does it cost to rent a superyacht? Try .4 million per week

The 255-foot superyacht Malia sold in 2023 with a price tag of $120 million. But she can be yours for a fraction of the cost: $930,000 per week. But with many large yacht charters, surcharges — for fuel, food, drinks, marina fees, onshore activities and special requests — are usually an additional 35% of the base … Read more

North Korea to reopen for international visitors, tour operators say

North Korea to reopen for international visitors, tour operators say

North Korea will resume international tourism this winter, ending a COVID-era ban on travelers, according to operators that organize trips to the country. Travel companies KTG and Koryo Tours, which organize trips to North Korea, said on Wednesday that their partners in the country had informed them about government plans to allow travel to some … Read more