Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

The Absence of Chinese Tourists will Negatively Affect the Russian Market of Premium and Luxury Goods
12.02.2020 14:21
The Absence of Chinese Tourists will Negatively Affect the Russian Market of Premium and Luxury Goods

Spendings of the Chinese  in Russia hit a third due to the spread of the deadly virus. According to the calculations of the Russian Standard Bank, the number of payments through the Chinese Alipay in January decreased by 31.2 percent (compared with January 2019). For the first week of February, the decline was already 73.4 percent. This is due to the ban on organized trips from China.

      The absence of Chinese tourists will negatively affect the Russian market of premium and luxury goods, which is dependent on buyers from China. Since the beginning of the year, the outflow of customers in premium segment shopping centers amounted to almost 9.5 percent. In addition to trade and tourism, museums also suffer losses.


Author: Anna Dorozhkina

Tags: Russia International Russian business shopping in Moscow   

Next Previous

You might also find interesting:

More than Half of Entrepreneurs in Russia Consider their Occupation to be Dangerous
The Fitch Ratings Agency Confirmed Russias Investment Rating at BBB Level
Investment Environment in Russia is Negative for Foreign Investors
Russia Ranks Third in the World in Terms of Fintech Services Penetration
Russian Bloggers Account for 10 to 15 Billion Roubles of All Advertising Budgets of the Country Per Year

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian theatre  St. Petersburg  Veliky Novgorod  Festivals in Moscow  crisis  Hip-Hop  Mercedes-Benz Fashion Week   Frauds  Yakutia  Zhukovsky Airport  Transaero  Hollywood Movies  Kudryashovsky Forest  Exhibitions in Moscow  Hereditary Disease  Olympic Games 2012 London  Baikonur  Russian regions  Victory Day  Lazar Gadayev  Dagestan  invest  travel to Russia  Sergey Obraztsov International Festival of Puppet Theatres  Russian tourism  Spacecrafts  Russian media  Russian business  Mercedes-Benz Fashion Week Russia  Russian Cinema  Charity  Satellites  Business in Russia  Great Patriotic War  Tatarstan  Moscow  abortion  Tapestries  Russian medicine  Gavrila Derzhavin  The Great Ball Exhibition  online banking  Russian circus  Moscow chambers  technologies  Gazprom Neft  Hermitage  Georgiy Zhzhonov  Krasnoslobodsk  Nizhny Novgorod Region 

Travel Blogs
Top Traveling Sites