Be glad you didn’t have to join the 2018 earnings call at Tiffany & Co. when sluggishness headlined the agenda. The heritage luxury brand isn’t the only one feeling the pinch as Chinese visitation and spending patterns revert to pre-2016 level.
Greater Los Angeles is in the headlights, but destinations across the U.S. should take note.
This week, the Los Angeles Times reported on a distinct change from packed to empty at luxury stores where hundreds of Chinese visitors had been shopping in recent years…why it’s happening and what it means for inbound tourism.
Kathy Smits, VP of International Tourism at the L.A. Tourism & Convention Board and Julie Wagner, CEO of the Beverly Hills Conference and Visitors Bureau are among those quoted. Read more here.