The Downturn In The Economy Is Weak In Purchasing Power; &Nbsp, Chinese Customers Help Spain In Luxury Pints.
Most of Spain in 2011.
industry
It's a year of unbearable looking, but Spain.
Luxury goods
The industry has ushered in this year.
Consumers from abroad have become the biggest customers of the Spanish luxury industry in the past year, and Chinese and Russian personalities are attracting attention.
According to data from Asociaci n Espanola del Lujo, the total sales of luxury goods in Spain in 2011 totaled 4 billion 320 million euros, an increase of more than 20% compared to 3 billion 600 million euros in 2010.
In the depressed Spain, luxury goods have become the only industry that maintains high growth.
Consumers from abroad, especially those who travel to Spain, have become a driving force for the rapid growth of luxury goods in Spain.
The Cristina Garc Garc a, the executive director of the luxury goods association, was the main buyer of luxury goods in Spain before the real estate bubble burst. But after the bubble burst, a large number of domestic consumers lost their purchasing power. Foreigners now buy far more than the local consumers.
Russians and Chinese
Spain
Buying luxury goods on the one hand is because Spain's luxury goods price is 30% lower than the price of its home country.
In addition, consumers in these two countries can get more than 10% rebates, which further increases the competitiveness of luxury goods in Spain.
Cristina Garc a said: tourists from these two countries usually list all the luxury items before they arrive in Spain. They buy expensive luxuries at the exclusive stores, just like Spaniards go to supermarkets to buy daily necessities.
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