Asian tourists on Gucci Save as EUR weakens peso surges
Ayie Aligada, a former head of training airline Manila, acquired by the Philippine peso jump by 4 percent against the euro in recent weeks that many, if they have a bag packed Chloe € 1,475 ($ 1,857) on an off for a month in Europe .
She had a lot of companies are on his visit to Paris, Barcelona and Rome, where Asian buyers queue up outside the shops for luxury goods. Elaine Chua, 32, housewife from Singapore, went to Paris for four days in April and recorded more than 1,500 Singapore dollars ($ 1,178) on a Chanel bag, the price for a round-trip. Pongsak Luangaram, 41, a lecturer in Bangkok, had a plan to visit Japan and went to Italy in May to buy a Ferrari jacket.
Europe rose a more attractive destination for Asians after the peso by 19 percent against the euro last year and China's yuan rose by 17 percent. Bookings to 30 percent in Manila in the first quarter and China 12 percent should go to France in 2012. Their spending is supported by hotels, shops and restaurants such as the debt crisis is the local demand. Ermenegildo Zegna SpA is the storage of most styles of visitors and Prada SpA may favor to raise prices.
"Continues with the debt crisis and economic slowdown, the euro continued to weaken against Asian currencies," said Akira Takei, Tokyo-based head of international fixed-income division at Mizuho Asset Management Co., which more than $ 41000000000 serves and is part the third-largest listed bank in Japan. "The exchange rates are for buyers and Asian tourism businesses in Europe cheap, but the pickup in the number of visitors will not be enough to make the crisis reversed."