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COVID-19

There is no doubt that Coronavirus has affected popular travel destinations around the world in ways that no other act or incident before it has. The interesting thing to look at is how different destinations have responded and what plans they are putting in place as they seek to recover this year and into the...
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The concept of “revenge spending” emerged in China in the 1980s with descriptions of burgeoning consumer demand following the poverty of the Cultural Revolution. In the past few months, researchers have reapplied it to the resurgent spending on luxury goods, as strict stay-at-home orders eased across China. In April, for example, a single Hermès store...
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