NEW YORK—There was something missing at the luxury jeweller Tiffany & Co. in recent months: Chinese tourists. CEO Alessandro Bogliolo said that Chinese tourists have failed to show up, and open wallets up, with the same vigour that they had in the past. Last month, the owner of Louis Vuitton noted the same phenomenon of dwindling Chinese tourists. What we see is that Chinese tourists are travelling less,” said Bogliolo in a phone interview Wednesday. Article Continued BelowBogliolo speculated that the deteriorating value of China’s currency is to blame for the drop in Chinese tourists.

Source: thestar November 29, 2018 02:48 UTC