buyappleacc.com is a reputed website selling apple developer account, providing us, China and worldwide developer individual accounts for sale. It's at low price and good quality. Always provides satisfying services!

HomeTechnologytext

aws账号(www.2km.me)_Asia reopening boosts travel, fashion brands; pandemic winners take backseat

admin2021-10-3052

aws账号

aws账号www.2km.me)提供aws账号、aws全区号、aws32v账号、亚马逊云账号出售,提供api ,质量稳定,数量持续。另有售azure oracle linode等账号.

SINGAPORE/SYDNEY - Fashion brands and airlines are creeping back into investors' good graces in Asia as lockdowns ease and vaccination rises, boosting travel and leisure activities, taking some shine off pandemic stalwarts such as supermarkets and gadget makers.

Earnings report cards show that people are spending less time watching TV or shopping online for groceries as they resume dining out or plan vacations after emerging from coronavirus curbs. Luxury purchases from China's big spenders, still unable to travel abroad, are also rebounding.

Asia-Pacific airlines are offering more flights as some countries resume domestic travel, and some like Singapore allow quarantine-free travel for select vaccinated visitors. Australia's planned reopening of state and international borders has led to a surge in bookings.

"There is massive demand for loved ones wanting to get together for Christmas," Alan Joyce, CEO of Australia's Qantas Airways said last week. "There is demand for people wanting to take that holiday that they have been looking forward to for nearly two years."

To be sure, a recovery in the tourism sector in Asia is months away and China's huge domestic travel market remains in flux. As well, businesses including McDonald's are still struggling with frequent and temporary curbs that countries impose to control outbreaks.

But airline stocks in the Asia Pacific region climbed nearly 5% over the last three months while global airlines slipped 6% due to a slower-than-expected return of corporate travel.

The broader MSCI All Country Asia Pacific Price Index rose roughly 2% in the same period.

European fashion houses like LVMH and Kering have signaled ongoing strong demand in China as appetite for luxury items remains largely undimmed, despite power shortages and a property sector crisis hurting the economy.

"China's population and its middle classes are increasing and their appetite for beauty is not satisfied," L'Oreal CEO Nicolas Hieronimus said last week.

Hieronimus expects a recent shift in Chinese government policy to narrow the gap between rich and poor to boost the middle class, a sentiment echoed by LVMH.

Japan's Fast Retailing reported record profits in China last quarter, where it will open its first flagship store next month. Japanese cosmetics giant Shiseido Co believes next summer will be a "turning point" as inbound tourists from China return.

EARLY WINNERS

Companies globally are struggling with severe labour shortages, supply bottlenecks and marine logjams as economies bounce back from pandemic lows, resulting in a steep rise in costs. A long-running chip shortage has disrupted the auto industry and slammed production at the biggest car makers around the world.

For supermarkets, among the early winners of the pandemic when people scrambled to stockpile food and toilet paper, the rising inflation is likely to offset some of the post-pandemic slowdown.

Reviews

Popular tags