Oliver Wyman: Chinese Tourists to Curb Luxury Spending in 2025 [Yahoo! Finance Canada]
Marsh & McLennan Companies, Inc. (MMC)
Last marsh & mclennan companies, inc. earnings: 4/30 07:00 am
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Source: Yahoo! Finance Canada
The research was based on a survey of 7,350 mainland Chinese consumers with a monthly household income of at least 30,000 renminbi, or $4,152, a level achieved by around 5 percent of China's total population in 2024. Around half of the respondents replied in June, and the other half in October. More from WWD With foreign airlines cutting or pausing direct flights to China due to weakening ties, interest in global travel has waned as well. Based on the survey, 57 percent of respondents expressed intentions to reduce international shopping budgets, while 45 percent indicated they expect to travel less frequently in the coming year. Imke Wouters, partner at Oliver Wyman, noted that affluent households responded especially cautiously, as confidence in financial stability remains weak. However, international travel to the neighboring visa-free Malaysia remains robust, according to the survey. “Malaysia's diverse cuisine, attractive shopping experiences, and rich cultural tapestr
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MMC
News
- Marsh & McLennan Companies, Inc. (NYSE: MMC) had its price target raised by analysts at Barclays PLC from $236.00 to $246.00. They now have an "equal weight" rating on the stock.MarketBeat
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MMC
Earnings
- 10/17/24 - Beat
MMC
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- MMC's page on the SEC website