Market Report, "Travel Retail in China", Published
The ongoing slowdown in the global economy and the uncertain economic outlook in China continued to have a major adverse impact on demand for corporate business travel retail in 2012, especially among MICE travellers. In light of the severely tightened corporate travel budgets, China's business travellers either reduced the frequency with which they engaged in business travel or shortened their business trips. This had a seriously negative effect on travel retail in China during the forecast...
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