A New Round Of Price Increases After Luxury Goods

According to the data of several travel networks, the price of European tour related routes has also been lowered due to the drop in the cost of local pportation, hotels and other places, due to the decline of the euro and yen exchange rate. The overall decline is about 30% compared with the same period last year. A survey by reporters found that many of the lines originally quoted for 14000 yuan can now be established by less than 10 thousand yuan.

Insiders pointed out that, from the current booking data, European travel related product bookings increased by about 50% over the same period.

As the yen continues to fall, this year, Japan has also become the peak season for spring festival tourism, and it has also brought the credit card consumption of cardholders in Japan.

Reporters learned that since last year, the dollar has returned to strength, and the US dollar index has risen nearly 20% from mid year to last year. Recently, the pressure from overseas macroeconomic policies, including the QE launched by the European Central Bank, and the unexpected actions of the Central Bank of Switzerland, Canada and Singapore, have created an external currency.

Imagination.

The depreciation of the US dollar has fallen sharply. The depreciation rate of the euro has reached 20%. The effective exchange rate of RMB has appreciated constantly, and the pressure of decoupling has gradually increased.

In fact, from the data of nearly half a year, the euro fell by 16% in the past six months, and the yen dropped by 14%.

"Part of Europe from next month."

Prices will be increased to hedge against the risk of falling exchange rates.

Luxury industry insiders pointed out that "price adjustment ranges from 10%~20% to different brands."

In fact, the annual price increase also failed to disguise the overall decline of the luxury goods industry. Even the French luxury group's revenue growth in the fourth quarter of last year was lower than market expectations, and for the first time in many years, it lowered its annual growth target.

Bain company related research pointed out that China's mainland luxury market watches and men's clothing sales fell sharply, luxury luggage growth slowed down.

Data show that in 2014, the global personal luxury consumption growth rate was only 2%, the lowest growth rate since 2009, and the first negative growth in the Chinese market.

The industry expects that in 2015, luxury goods and electricity providers, channels to sink, attracting young and new buyers will be a new opportunity for the luxury industry. The long and haughty luxury brands need change.

Weapon 1: overseas consumption credit card highest discount over 20%

For outgoing card consumption, experts suggest that in Europe and the United States, two double currency cards with "UnionPay" plus Master or Visa logo are generally enough to go to Hong Kong, Macao and Southeast Asia.

Because of overseas credit card consumption, currency conversion fees are usually generated.

At present, the UnionPay does not charge this part of the formalities, while Visa and MasterCard usually charge for 1%~2%.

If you are in the United States to brush RMB + dollar double currency card consumption, you can directly trade in dollars, do not need to convert currency, and naturally do not need to pay fees.

It is cost-effective to use Visa and MasterCard in the US dollar area.

UnionPay does not charge currency conversion fees, and has a strong network coverage in the Asia Pacific region. In particular, Hong Kong and Macao have basically achieved full coverage. Many Southeast Asian countries and regions can also use UnionPay cards, so they can do more UnionPay cards in Southeast Asia.

It is understood that this year's Spring Festival, UnionPay international in 30 countries and regions in the world launched a month of Spring Festival holiday ex gratia plan, covering 1500 selected businesses around the world, including laverfield department store, nine shopping mall in Europe and other well-known shopping groups.

UnionPay International said that the above merchants could enjoy the highest discount rate of 20% in the consumption of UnionPay cards, and the cardholders could buy outbound travel products through CYTS, CITS, three travel agencies of CTO and Ctrip. After the credit card consumption was met overseas, the highest 6% of the travel agencies could get back to their cards. The credit card of the main banks of the main banks could be returned to overseas consumption 5%~10%.

If the stack is involved in all the activities mentioned above, the highest discount will exceed 20%.

Weapon 2: overseas ATM withdrawals process is different, do not forget cash or card.

UnionPay has also issued overseas credit card reminder: offshore credit card to try to go through the union channel, can save fees.

If you use the VISA or Master card to exchange credit cards, the local currency will be converted into US dollars, and the exchange fee will be charged at 1% to 2%.

In addition, after shopping in a store marked with a shopping rebate sign, the cardholder can fill out the credit card number area on the global tax rebate card. The fastest 7 days tax refund will be remitted to the issuing bank and then to the UnionPay card account.

It should be noted that some overseas ATM withdrawals process is "first refund card, then vomit money", which is different from the operation mode of domestic ATM.

Weapon 3: find stolen brush to be frozen in time.

Once a bank card is found stolen, many cardholders will panic and do not know how to deal with it.

If a cheated or stolen brush is found, the issuing bank or payment institution should be called immediately, and the card or account should be frozen or lost in time.

Some Payment institutions require the cardholders to provide the alarm receipt as a proof material for the denial of the paction. Because the public security organs have provisions on the admissibility of the case, it is suggested that the cardholders call 110 before going to the police station to report the case.

If there is a problem in the Spring Festival, how can it be remedied if the credit card is overseas? The UnionPay suggests that if a cardholder fails to use a card and needs cash in case of loss or damage to the card, he may call his card customer service telephone or his UnionPay service phone to apply for the emergency cash support of the highest value of $5000.