An end to China's travel curbs this month is expected to revive demand in the global luxury retail market, which has been starved of mainland visitors for three years, but many consumers now see more reasons to do their high-end shopping locally.
This helped local staff cultivate relationships with China's VIP customers, who previously preferred to shop overseas.
"It will be interesting to see how new luxury consumers will perceive the difference between domestic and overseas luxury shopping," he said.International travel restrictions and local policies to spur spending also drove many consumers to China's tax-free island of Hainan as a luxury shopping destination.
At 14,400 yuan , Louis Vuitton's medium-sized Neverfull bag is only 18% more expensive in Shanghai than in Paris, if travelers claim their 12% VAT refund.
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