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The latest report by Boston Consulting Group has revealed China remains the biggest driver in the world's luxury market, despite the country's economic slowdown.
According to the report, True-Luxury Global Consumer Insight, China ranked on top, as the result of an increased appetite for luxury consumption, in a survey of more than 12,000 consumers worldwide.
The top five most popular luxury shopping destinations, among Chinese, have been listed below:
5. Milan
Shoppers walk past closed luxury shops at the Gallery Galleria Vittorio Emanuele II in Milan, Italy, on August 21, 2013. [Photo/VCG]
The report also revealed bespoke became the most desired feature among luxurious clothing, jewelries and bags.
It also noted luxury spending habits mostly occurred at home, with only 35 percent of Chinese people stating they purchased their last luxury item abroad, compared to 61 percent two years ago.
4. New York
A woman walks past a billboard advertising wristwatches in New York City on April 9, 2015. [Photo/VCG]
3. Paris
Shoppers pass a Jimmy Choo luxury footwear store in Paris. [Photo/VCG]
2. London
Christmas lights shine on Regent Street and in Mayfair in London on Dec 13, 2016. [Photo/VCG]
1. Tokyo
A sales clerk helps a customer at the Lotte Duty Free Shop in the Ginza shopping complex in Tokyo on April 20, 2016. [Photo/VCG]
(CHINA DAILY)
