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 600 Thousand Russian Enterprises Went out of Business in 2018
The Share of Unprofitable Organizations Increased in Russia
The PwC Russia Accelerator is Looking for Technical Startups
Fitch Halved Russia's Economic Growth Forecast
Russian Companies were Minimally Involved in the Transactions on the Purchase of Foreign Business in 2019

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Valeriya Gai Germanika  Nizhny Novgorod  Exhibitions in Moscow  Ural Mining and Metallurgical Company  Adygea  White Elephant Award  Russian airlines  Soviet Literature  World Chess Olympiad  accident  Russian Actresses  Russian business  The Big Cartoon Festival   Crowdfunding  Russian regions  St. Petersburg Museums  Orient  Mikhail Svetin  Russian painters  odd news  Unusual Monuments  Russian sportswomen  Kuban Stadium   Chiharu Shiota  Ulyanovsk-Vostochny  Russian Cinema  Advanced Reasearch Foundation  The Meters  Rosneft  St. Petersburg  Sochi  Russian tourism  beekeeping museum   Udmurtia  Fashion  Moscow  Elections 2012  travel to Russia  Russian Rock Music  Russian theatre  Festivals in Moscow  Czech Airlines  Space Exploration  Mikhail Bulgakov  Mercedes-Benz Fashion Week Russia  Anapa  Bike rent  airport transfer in Russia  Festivals  Gold Autumn Festival 

Travel Blogs
Top Traveling Sites