Chinese tourists are prized clients for Europe's luxury boutiques. Photo: GERARD JULIEN / AFP/FileSource: AFPThe European luxury sector is welcoming the end of pandemic lockdowns in China, as the return of big-spending Chinese tourists could sustain further growth. Prior to the pandemic, Chinese tourists visiting Europe were a major source of sales for luxury houses. After a drop in 2020, the luxury sector managed to surpass its pre-pandemic sales in 2021. The Chinese tourists may be needed if the flow of US tourists slows.

Source: The Star January 22, 2023 04:24 UTC