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Luxury swiss watch sales slow down in Hong Kong

Luxury swiss watch sales slow down in Hong Kong

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Anti-government protests in 2019 and the Covid-19 pandemic will have heavily affected Hong Kong’s tourism industry, – and by domino effect – the sale of Swiss watches, now faces an uncertain future.

Waiting for mainland tourists

 

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Fewer and fewer mainland Chinese are travelling to Hong Kong for tourism or business. Yet they are the biggest spenders in the city’s luxury shops. In particular, they are the most important and biggest spenders in watch shops, which are suffering from their absence. Experts in the luxury watch market are also divided on whether these customers will ever return to Hong Kong‘s streets in large numbers.

 

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