A recent watch industry trend is the increase in demand for Swiss watches
among people from China and the Far East. During 2011, Switzerland has
seen a huge increase in visitors from Asian countries who come in
search of first-class watches for men
and for women. In total, the numbers visiting Switzerland from China
in 2011 rose by 68 per cent this year, compared with 2010.
Swiss watch manufacturers include esteemed brands, such as Tag Heuer, Breitling and Rolex.
Of course, China and Japan have always been avid consumers of the luxury market in general, and premier watches
in particular. However, the demand has grown exponentially over the
past year and Swiss watch manufacturers who have observed a steep rise
in Chinese shoppers who travel specifically to the European country in
search of first-class Swiss Made watches.
Indeed, the total number of people visiting Switzerland from China
rose by 68 per cent this year, compared with 2010. What’s more, Swiss
watch manufacturer Piaget released a statement announcing that half of
its sales now come from Chinese consumers and has resulted in a 25 per
cent increase in total sales. (WOW!)
The trend is interesting during an economic downturn that has seen a
decline in international travel, even within the European Union.
However, as noted by the Wall Street Journal, the spending power in Far
East countries remains strong.
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