As the luxury sector sees a global slowdown, Singapore, one of its key markets, is being impacted by the slow return of Chinese tourism.
While high-spending Chinese visitors are returning to some markets, including cities like Paris and Milan, “the recovery in tourist spending on personal luxury goods overall is uneven and the effects of the pandemic are still very visible across some key luxury shopping destinations like Singapore,” said Fflur Roberts, head of luxury at Euromonitor…
