A view of a scaled-up mock of a Louis Vuitton bag during a promotional event by the French luxury brand in Shanghai on Dec. 4, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — China’s luxury sales are rebounding, and while they’re not back to 2021 levels yet, industry analysts and financial releases … Read more
Nearly one in five Americans said they plan to travel less in 2024, with most citing costs as the reason , according to Intrepid Travel’s 2024 Outlook Survey. But many travelers are pressing forward, seeking ways to save without compromising their trips. And for some 70% of respondents of Intrepid’s survey, that means avoiding peak … Read more
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024. Benoit Tessier | Reuters LVMH shares jumped more than 8% on Friday morning, after the world’s largest luxury group posted higher-than-expected sales for 2023 and … Read more
The increase in wealth has been seen from stronger retail participation, larger investments into the Indian stock markets, and gold and property purchases. Sopa Images | Lightrocket | Getty Images Rising disposable incomes are set to power India’s consumption story, further boosting the country’s consumer sector that is fast becoming a key driver for economic … Read more
An employee arranges a display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc’s biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a … Read more
Pandemic-era lockdowns ushered in the rise of “travel experiences” — or meaningful, purpose-driven activities that take a deeper, and often slower, dive into a destination. It’s not enough to simply go to a place anymore; many want to learn about it and be mentally transformed along the way. If that sounds like a tall order … Read more
Social media posts by Maldivian officials may cost the country millions in tourism revenue, as calls by Indian travelers to boycott the island nation intensify. “We are seeing a 40% drop in bookings over the last two days,” Ankit Chaturvedi, vice president and global head of marketing at the India-based travel software company Rategain, … Read more
Auctioneer Victoire Gineste gestures as she adjudicates for 20 million euros ($21.9 million) a recently rediscovered drawing by Michelangelo, the artist’s first known nude, at the Christie’s auction house in Paris on May 18, 2022. Emmanuel Dunand | Afp | Getty Images Wealthy, young collectors in Asia have been fueling demand for art — particularly … Read more
Tired of the usual sights or craving a break from the travel herd? These five travel spots may be the getaway you’re looking for. Adventure travel company Intrepid Travel’s new “Not Hot” list is out — spotlighting overlooked travel spots around the world. The company’s annual list attempts to combat overtourism by helping travelers “beat … Read more
I knew something was amiss when the taxi meter read 10.50 euros as we pulled away from the Roma Termini train station. While negotiating the evening rush hour traffic and typing into a translation app on his cell phone, the cab driver suggested the starting fare included a surcharge for all rides from Rome’s main … Read more
