Luxury retailer Chalhoub expects ‘limited effect’ on sales from coronavirus – The National

Luxury retailer Chalhoub expects ‘limited effect’ on sales from coronavirus – The National

Luxury retailer Chalhoub expects 'limited effect' on sales from coronavirus. Region's luxury retail market is set to grow 1%-2% in 2020, Chalhoub Group chief says. Dubai-based luxury retailer Chalhoub Group expects a "limited effect" on its UAE sales following a slower influx of Chinese travellers around the world as a result of the coronavirus outbreak, its chief executive said.. UAE companies will 'bounce back' quickly from the impact of the coronavirus outbreak once the virus is contained and air links between the two countries are fully restored, Patrick Chalhoub said.. "The bright side is once this virus is contained, the UAE and Dubai will be much faster to recover and capture back the Chinese customers," Mr Chalhoub told The National.. Chinese shoppers comprise about three to 10 per cent of Chalhoub Group's sales of its luxury brands in the UAE, which is below the global average, he told reporters on Tuesday.. About 3.68 million Chinese passengers travelled through Dubai International Airport last year, a 5 per cent year-on-year increase.. Dubai, home to the world's biggest long-haul carrier, Emirates, has about 90 flights a week to Chinese cities.. The UAE retail market has endured a tough couple of years as growth