CreatripTeam

With China's luxury market slowing due to economic uncertainties, luxury brands like Dior and Louis Vuitton are turning their attention to Thailand, particularly in high-end areas of Bangkok. Wealthy individuals and increasing numbers of tourists contribute to a booming luxury market, with a projected increase in Southeast Asian millionaires and relaxed visa regulations encouraging affluent long-term residents. The Thai government's initiatives have led to a significant rise in tourist numbers, driving growth in luxury sales by up to four times in recent years, positioning Thailand as a crucial luxury hub.