Why Chinese Tourists Are The 'Dream Consumers' For The Luxury Retailers Of Fifth Avenue

[FarCenter]

Chinese tourists are visiting New York City in droves, and bringing with them a "spend, spend, spend" mentality that's been a huge boon to retailers.

306,000 tourists visited New York from China and Hong Kong last year, up from just 59,000 in 2002, Crain's recently reported.

And the typical Chinese tourist stays an average of 11.3 nights in the city, and spends some $3,297 per visit, according to the latest numbers from the New York Convention and Visitors Bureau.

Read more: http://www.businessinsider.com/chinese-tourists-new-york-marketing-2011-10

[dkf]

1. Wow. No wonder the Hawaii delegation wants more visas for the Chinese and Koreans.

[Amonester]

2. bloombeRg and his NYPD thugs don't want them spender$.

Nope.

They have to act like total violently provocative a$$hole$.

Tell ALL the fat cat hotels, restaurants, et al, these stupid f*ck$ R deliberately destroying tourism in NYC.

[Mimosa]

3. China has average per annum GDP of 5%, India's last year was 8%

What's USA GDP? Around 1.2 using rigged accounting? We transferred the jobs and profits to them. :(

[pampango]

4. If they would let their currency appreciate as it should, their tourists could spend even more.

With such a huge population and increasing prosperity, there will be more Chinese tourists everywhere in the future. I remember when Americans were the "rich tourists" that other countries were happy to attract.

[Earth_First]

5. I cannot afford a SINGLE night in New York City...

and the AVERAGE stay is 11?!

[Prometheus Bound]

6. We had 23 million Mainland China visitors in Hong Kong last year.

With more this year. And they are big spenders, particularly on gold, jewellery and luxury brands. Line-ups outside Chanel and the other big names.

[HipChick]

7. I was inside a LV store

Woman picked out about 25 bags...paid cash..I'm sure for family and friends