The Chinese New Year, which falls on 8 February 2016 to mark the Lunar New Year Golden Week, has been billed this year’s “greatest travel nightmare”.While many Chinese citizens travel to their hometowns for the big day, it’s become increasingly common for families to travel overseas for the celebration. And it’s the latter trend that’s set to become more of a dream than a nightmare for retailers, as prime shopping spots across London and the South East are set to profit, according to payments firm Worldpay. The company reported that London’s department stores can expect eager tourists from China to power a 30 per cent increase in card transactions than the amount that would ordinarily be made at this time of the year. “The economic situation in China may be a little more complex than it was eighteen months ago, but the spending potential of China’s huge and growing middle class remains virtually untapped,” said Dave Hobday, UK MD, Worldpay.
Read more on the Business Class lifestyle:
- Increasing demand for private jets and skiing trips from the business class
- Sushisamba to join Covent Garden’s “pedigree brands” with new branch
- Apple Watch more desirable than Rolex on 2016 list of world’s top luxury brands
On the subject of celebratory travel and luxury, Land Rover is offering the chance to experience “the most luxurious road trip on Earth” – for the sum of £100,000.By Zen Terrelonge
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