The study, which surveyed almost 6,000 respondents from China, Hong Kong, India, Singapore, Indonesia and Malaysia in March, found that 72 per cent of respondents planned on paying the same or more for a luxury car. More than six in 10 respondents had no plans to cut back on luxury watches or jewellery and almost one-fifth said they were planning on upgrading the class of their hotel on their vacation this year.
Asian spending unaffected by threat of recession: Agility Research & Strategy
SINGAPORE - Although Asians have said they plan to be more careful with their money, luxury items such as gadgets, cars and hotels are still on the shopping list according to a research poll by Agility Research & Strategy.
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