Hong Kongs Retail Rents Falter

The video discusses the decline in retail rents in Hong Kong, primarily due to changes in luxury spending habits among tourists, particularly from mainland China. The shift is attributed to a crackdown on lavish spending and changing shopping and travel habits, with tourists opting for mid-range brands and shopping directly in Europe. This has led to a consistent drop in retail sales, especially in the watch and jewelry sectors, over a six-month period.

In what ways have mainland shoppers shifted their focus in terms of brands?

How have changing travel habits affected shopping behaviors of tourists in Hong Kong?