Overall spending by the Chinese high net worth down 15% from last year, whilst spending on gift-giving down a dramatic 25% while China’s high net worth individuals (HNWIs) are busier than ever, on business trips 8 days a month, up one day on last year. Time for leisure dropped by 20%.
via Chinese Luxury Consumer Survey 2014. ~ Wednesday, 22nd January 2014 from 4Hoteliers.
