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Hurun Report Chinese Luxury Consumer Survey 2014
Hurun Report        2014-01-16        Back

 

Chinese Rich Spend 15% Less Than Last Year

Hurun Report releases Chinese Luxury Consumer Survey 2014 and Hurun Best of the Best Awards 2014

 

l  Overall spending by the Chinese high net worth down 15%on last year, whilst spending on gift-giving down a dramatic 25%.

l  China’s high net worth individuals (HNWIs) busier than ever, on business trips 8 days a month, up one day on last year. Time for leisure dropped by 20%.

l  Average Chinese millionaire took 7.5 days holiday last year.

The Hurun China Business Confidence Index, an index measuring the confidence in the economy going forward two years, rose for the first time in five years:3 out of 10 are highly confident in the economy going forward.

l  64% emigrating, or planning to do so, up from 60%, mainly as a result of one third of super-rich now already emigrated.

l  Collecting: Watch collecting overtaken for the first time in five years, by traditional Chinese ink painting collecting.

l  28.7% prefer UK as destination to educate children at high school level, slightly ahead of the US at 26%.

l  36% favour US for undergraduate and above education

l  40% of super-rich plan to use private jets, half of whom plan to time share.

l  Gifting: Whilst red wine and watches are gifts of choice within RMB 20 thousands an item, travel vouchers and healthcare products were fastest growing gifting categories

l  Super-rich prefer reading but travel remains the top leisure activity.

l  Holiday homes: 6 out of 10 Chinese high net worths interested in owning a holiday home. Yunnan is fastest growing destination, although Sanya continues to lead the holiday home destinations.

l  Luxury travel destinations: Australia shoots back into top slot, knocking France off its crown for first time in 4 years.

l  Health: 61% don’t smoke, and 40% claim not to drink alcohol, doubled over last five years.

l  On average, Chinese HNWIs sleep 6.5hrs a night, going to bed at 00:30am and waking up at 7am.

 

(16 January 2014, Shanghai) The Hurun Research Institute today released the Hurun Best of the Best Awards and Hurun Report Chinese Luxury Consumer Survey 2014. This is the tenth consecutive year that Hurun Report has published the survey, which reveals the brand preferences, consumption habits and lifestyle trends of China’s wealthiest individuals. Widely regarded as an ISO9000 for China’s luxury sector, the CLCS has become a benchmark for the luxury sector.

 

Overall,gift giving has decreased by 25%, possiblydue to the impact of anti-corruption initiatives and a slow-down in the economy.For the first time, Louis Vuitton has lost its crown as the preferred brand for gifting by men, losing out to Hermès. Chanelcontinues as the preferred brand for gifting by women. Maotai is – for the third year running - the only Chinese brand that made it to the list, but it has fallen one place to 14th. Whilst leather accessories proved most popular overall, jewelry brands had a bad year in the gifting market.

 

Best Brand for Gifting by Men                    Best Brand for Gifting by Women

 

Brand

% of respondents

 

 

Brand

% of respondents

1 ↑

Hermès

10.5%

 

1 —

Chanel

9.5%

2 —

Apple

9.3%

 

2 —

Louis Vuitton

8.9%

3 ↓

Louis Vuitton

9.0%

 

3 ↑

Apple

8.3%

4 —

Chanel

8.6%

 

4 *

Hermès

7.9%

5 ↑

Gucci

7.1%

 

5 ↑

Gucci

6.7%

6 ↓

Cartier

5.5%

 

6 ↑

Dior

6.4%

7 ↑

Prada

4.2%

 

7 ↓

Cartier

5.6%

8 ↓

Montblanc

4.0%

 

8 —

Prada

5.2%

9 ↑

Giorgio Armani

3.8%

 

9 *

Giorgio Armani

4.5%

10 ↓

Burberry

3.5%

 

10 *

Bulgari

3.6%

11 *

Bottega Veneta

3.0%

 

11 *

Bottega Veneta

3.5%

12 ↑

Longines

2.9%

 

12 *

Fendi

2.9%

13 *

Zegna

2.8%

 

13 ↓

Tiffany

2.1%

14 ↓

Maotai

2.2%

 

14 *

Salvatore Ferragamo

2.0%

15 *

Bulgari

1.9%

 

15 *

Chopard

1.6%

Source:《Hurun Best of the Best – Chinese Luxury Consumer Survey 2014》

 

For men, red wine and watches are the preferred choices for gifts under RMB 20,000, with imported spirits such as whiskey and cognac up two places into 3rd place. For women, the preferred choices are jewelry, fashion and watches. Travel vouchers rose fastest, ranking 4th this year.

 

When selecting gifts for the elderly, more than half of all individuals chose healthcare products, followed by travel vouchers and houses. For children, consumer electronics ranked top, followed by clothing. The super-rich had a tendency to gift travel vouchers to women.

 

 

Best Gifts for Men

from Men*

 

 

Best Gifts for Men

from Women*

 

Best Gifts for Women*

 

 

Best Gifts for Elderly

 

 

Best Gifts for Children

1

Red Wine

 

1

Red Wine

1

Jewelry

 

1

Health Product

 

1

Electronic Product

2

Baiju

 

2

Watch

2

Apparel

 

2

Travel Voucher

 

2

Apparel

3

Watch

 

3

Electronic

Product

3

Watch

 

3

House

 

3

Car

4

Electronic

product

 

4

Art

4

Travel voucher

 

4

Medical Products

 

4

Watch

5

Cigars

 

5

Cigars

5

Electronic Product

 

5

Gift Card Vouchers

 

5

House

*RMB 20,000 or less

 

 

Hurun Report Founder and Chief Researcher Rupert Hoogewerf said, “The government’s crackdown on luxury gifting has had its effect, with luxury gifting down 25% year on year.”

 

 

Overview

2014 is the tenth year that the Hurun Research Institute released the Hurun Best of the Best – Hurun Report Chinese Luxury Consumer Survey 2014. Hurun Research conducted the survey between May and November 2013, interviewing on a one-on-one basis 393 Mainland Chinese ‘millionaires’, defined as individuals with a personal wealth of Renminbi 10 million or more (equivalent to USD 1.6 million / Euro 1.2 million / GBP 1 million). Amongst them were 41 ‘super-rich’, defined as individuals with wealth of RMB 100 million (USD 16 million / Euro 12 million / GBP 10 million). The ratio of males to females was 6:4. Over the past 10 years, Hurun Research has interviewed 4818 millionaires, of which 12% are super-rich, making the Hurun Report Chinese Luxury Consumer Survey the largest and most comprehensive survey of its kind in China, an ISO9000 for China’s luxury sector.

 

Overall, the average spending of China’s high net worth individuals has decreased by 15%, with spending on gift giving down by a dramatic 25%. HNWIs are busier than ever. They are taking more business trips – up 7% to 7.5 days a month, leaving less free time to travel for leisure. The number of days they spend on holiday has decreased by 10%. The average HNWI took 7.5 days holiday last year, whilst working more weekends. The number of HNWIs who have emigrated, or are planning to do so, rose from to 64% up from 60%, driven mainly by the number of super-rich who have already emigrated.

 

The Hurun Business Confidence Indexshows that the confidence that Chinese millionaires have in their economy has risen for the first time in 5 years, with 3 out of 10 feeling ‘extremely confident’. Real estate was the investment of choice, followed by equities, although the super-rich shunned equities and invested more heavily in art and alternative investments. Gold was down 6% in comparison to last year.

 

The average age of respondents was 38 years old; the same age as last year. The average age of the super-rich interviewed was 39 years old, 1 year younger than last year. The average wealth of respondents was RMB 59.2 million, last year’s average wealth was RMB 59 million. Significantly more emphasis has been placed on health over the past 5 years. The number of HNWIs who do not smoke has risen to 61%, up from 40% 5 years ago, and the number who claim not to drink has doubled to 40% over the last 5 years. Travel is their favourite leisure activity, whilst swimmingand golf continue to be the most popular sporting activities. Jogging has risen to 3rd place, resembling more the Western concept of fitness regimes, whilst for female HNWIs yoga continues to be most popular. Collecting traditional Chinese ink paintings has now overtaken collecting watches, although the super-rich still prefer collecting watches. The top international travel destinations are Australia and France, while Sanya and Hong Kong are the chosen domestic destinations. Millionaires send their children abroad to study at an average age of 18 years old, whereas among the super-rich, the average age is 16. For pre-university education, 28.7% say UK is the destination of choice , whilst the US remains at the top for post-graduate education at 36%

.

Respondents hailed from 23 different provinces across China, with Shanghai, Beijing and Guangzhou accounting for 60%. By regional distribution, 48.6%, 30.8% and 19% of respondents came from East China, North China and South China respectively.

 

Rupert Hoogewerf said, “There is a paradox at the heart of the Chinese entrepreneur: on the one hand they want to stay discreet, and on the other hand, they are currently buying more Rolls-Royces and luxury watches than any other nation.”

 

The Hurun Business Confidence Index noted that confidence in the Chinese economy has risen for the first time in 5 years - 3 out of 10 people are ‘extremely confident’ in the economy.

The number of HNWIs, who are ‘extremely confident’ in the Chinese economy over the next 2 years, has risen for the first time in 5 years, amounting to 31% of respondents and up from 25% last year. This was driven, in particular, by a sharp drop in the number of the super-rich, who are ‘not confident’ in the economy, amounting to 3.3% this year and down from 10% last year.

Source:《Best of the Best – Chinese Luxury Consumer Survey 2014》

 

Real estate remains the top choice for investments, increasing by 7% over the past year. Investment in stocks increased in popularity by 3.7% in comparison to last year, reaching 22.8%. The number of super-rich compared to millionaires who invest in stock, is less than half. Additionally, investment in gold has decreased by 6% this year.

 

Sanya has been the most popular domestic tourist destination for 4 consecutive years. Although it remains in 1st place, its popularity has waned somewhat. Hong Kong maintains its 2nd place rank and Macau has risen 2 places to 5th this year. In addition to Sanya, Macau has become the favored destination among the super-rich. Tibet broke into the top 3 preferred luxury domestic destinations this year.

 

In recent years,purchasing holiday homes has become very popular. 60% of high net worth individuals are interested in purchasing a holiday home, representing a 5% increase from last year. Yunnan has entered the top 6 for the first time ever as an increasingly popular location in which to buy such homes. Sanya, however, remains the preferred location, especially among the super-rich.  

 

Nearly 40% of high net worth individuals are planning to use private jets on a regular basis, with half of those opting to time share. 

 

The number of high net worth individuals who have emigrated, or are planning to do so, rose from 60% to 64%, accounting for 1 in 3 super-rich.

The United States is still the destination of choice, while the number of individuals emigrating to Europe has increased. Although the amount of people emigrating to Australia has increased in comparison to last year, very few of the super-rich choose to move there. It is worth noting that of the 64%, only 15% are looking to give up their Chinese nationality, with the majority looking to a permanent residency overseas.

 

 

Emigration Destination

1

United States

2

Europe

3

Canada

4

Australia

5

Singapore

6

Hong Kong

Source:《Best of the Best – Chinese Luxury Consumer Survey 2014》

 

Collecting watches has decreased in popularity for the first time in 5 years, being replaced by ancient calligraphy.
Among HNWIs, collecting ancient calligraphy ranks in 1st place this year, with watches falling to 2nd place. Among most of the super-rich however, collecting watches is still preferred. Patek Philippe is the most popular watch brand among high net worth individuals for the 7th year in a row. Collecting jewelry ranked 3rd this year and, for the 10th consecutive year, Cartier has been the most popular jewelry brand. Jade ranked 3rd place this year. Wine ranked 4th place this year and Louis XIII is still the most popular imported spirits brandfor the 5th consecutive year. Overall, 70% of millionaires and 80% of the super-rich enjoy collecting as a hobby. Christie's is the preferred auction house.

 

UK first choice for education of kids – 28.7%

The United Kingdom is the 1st choice destination among high net worth parents, who wish to send their children forsecondary education, followed by the United States. For undergraduate studies, the reverse is true - the United States is favoured by 36%, followed by the United Kingdom.

 

 

Preferred Education Destination (secondary schooling and below)

Percentage

 

 

Preferred Education Destination (undergraduate and above)

Percentage

1

United Kingdom

28.7%

 

1

United States

36.4%

2

United States

26.2%

 

2

United Kingdom

24.4%

3

Canada

12.0%

 

3

Australia

10.8%

4

Australia

9.4%

 

4

Canada

8.4%

5

Switzerland

7.5%

 

5

Switzerland

6.2%

6

New Zealand

3.6%

 

6

New Zealand

4.8%

7

Singapore

3.4%

 

7

Singapore

4.0%

8

France

2.8%

 

8

Japan

1.5%

9

Germany

2.3%

 

9

Germany

1.4%

10

Hong Kong

2.1%

 

10

France

0.7%

Source:《Best of the Best – Chinese Luxury Consumer Survey 2014》

 

Cheung Kong Graduate School of Business is considered the best school for both EMBA and CEO courses among China’s wealthiest individuals. The number of individuals who seek a local EMBA degree has also increased.

 

China’s high net worth individuals are busier than ever. They are inundated with 7% more business trips than last year - up to 7.5 days per month - leaving less free time available for leisure. Excluding national festivals, the high net worth community spent, on average, 7.5 days on holiday and worked more during the weekends

China’s high net worth individuals are busier than ever. They are inundated with more business trips, leaving less free time to travel for leisure. Millionaires attend business trips on an average of 7.5 days per month, half a day more in comparison to last year. The super-rich must attend business trips lasting as long as 12 days per month, 3 more days in comparison to last year. The number of days millionaires spend abroad travelling has decreased from an average of 2.8 times to 2.1 times per year. Super-rich individuals have also spent less time travelling abroad with an average of 3.4 times the previous year to 1.7 times this year.

 

Australia ranked 1st this year, replacing France in the top 3 preferred international tourist destinations. France has been top for the past 3 years, but only comes in at 2nd this year. Dubai (United Arab Emirates) has jumped from 8th place to 3rd in the list and the Maldives also rose up the rankings from 10th to 5th place. The United States and Singapore, which ranked 2nd and 3rd respectively last year, both fell to 6th and 9th place. The United Kingdom fell out of the top 10 this year and in fact, only 3 of the top ten countries are from Europe; half the number in comparison to last year. However, the number of super-rich individuals who travelled to Germany are relatively high.

 

Sanya has been the most popular domestic tourist destination for 4 consecutive years. Although it remains in 1st place, the proportion of HNWIs choosing to travel there has decreased somewhat. Hong Kong maintains its rank at 2nd place while Macau rose 2 places and is ranked 5th this year. In addition to Sanya, Macau has become the favoured destination among the super-rich. Additionally, Yunnan make into top 3 for the first time.and Tibet exchanged places this year.

 

 

Preferred International Luxury Travel Destination

 

 

Preferred Domestic Luxury Travel Destination

1 ↑ 

Australia

 

1 - 

Sanya 

2 ↓ 

France

 

2 - 

Hong Kong 

3 ↑ 

Dubai

 

3 ↑ 

Tibet 

4 - 

Switzerland

 

4 ↓ 

Yunnan 

5 ↑ 

Maldives

 

5 ↑ 

Macao 

6 ↓ 

United States 

 

6 ↓ 

Hangzhou 

7 * 

Japan 

 

7 ↓ 

Xinjiang 

8 ↑ 

Germany 

 

8 * 

Beijing 

9 ↓ 

Singapore 

 

9 ↑ 

Qingdao 

10 * 

New Zealand 

 

10 ↓ 

Sichuan Province

↑ =ranked higher than last year ↓ = ranked lower than last year   * New entry this year

 

Yachts have become the toys of the super-rich with now around 40% owning such luxury machines. This has increased by 10% over the last year. There are still a number of millionaires who own yachts but the proportion of these is lower, standing at 20%. Ferretti has shot back into the top spot as the best yacht brand this year.

 

 

The consumption rate has declined by 15% in comparison to last year

Millionaires’average annual spend accounted for 1.9% of their net wealth, a 1% decrease from the previous year. The annual average spend among the super-rich accounted for 1.3% of total wealth.Levels of consumer spending have remained the same as last year, as many still spend highly on tourism, daily luxuries and their children's education. The China Merchants Bank credit card is the most popular among high net worth individuals for the 10th consecutive year.

 

Health

As greater emphasis is being placed on leading a healthier lifestyle, the number of high net worth individuals who do not smoke has increased by 7.6% to 61%. 40% of HNWIs do not drink, an increase of 12% in comparison to last year and the number of super-rich individuals who smoke and drink exceeds the number of millionaires who smoke and drink. Red wine is the preferred alcoholic beverage among HNWIs. Single malt whiskey and champagne, such as Perrier Jouet, have increased in popularity, while Maotai remains the most popular baiju.

 

On average, high net worth individuals go to sleep at 00:30am and wake up at 7am. The super-rich enjoy going to the spa and having massages - foot massages are particularly popular among these individuals.

 

Social Responsibility
High net worth individuals believe that government taxes best represent entrepreneurial social responsibility. The super-rich and wealthy women are generally more concerned about the environment. The number of those who do not participate in philanthropic causes has increased by 4% since last year. Many HNWIs prefer to donate funds to one specific charitable cause.

 

Media

The internet is the most popular form of obtaining information. Print sources are ranked 2nd, followed by television and social activities. Super-rich individuals claim that watching television is the most popular way to gather news relating to financial activities.

 

Awards

The Best of the Best Awards rank the high net worth community’s favorite luxury brands in each category. The Star Performer is given to the brand which is favorably recognised within its own industry and has developed the most throughout the past year. The Best New Arrival award is given to the brand which experienced high growth in popularity, reputation, and new product sales over the past year.

 

Award

Brand

Jewelry, Watches and Fashion Brands

 

Best of the Best

 

Best Jewelry

Cartier

Best Jade

Cui Huang Ge

Best Luxury Writing Instrument

Montblanc

Best Overall Watch

Patek Philippe

Best Watch with High Complications

Patek Philippe

Best Jewelry Watch

Cartier

Best Fashion Label For Men

Giorgio Armani

Best Fashion Label For Women

Chanel

Best Luxury Children's Garments

Burberry

Best Accessory for Men

Hermès

Best Accessory for Women

Hermès

Star Performer

 

Brand for Gifting by Men Star Performer

Longines

Brand for Gifting by Women Star Performer

Gucci

Jewlery Star Performer

Chanel

Skincare Product for Women Star Performer

Estée Lauder

Jade Star Performer

Bao Yi He

Overall Watch Star Performer

Blancpain

Watch with High Complications Star Performer

Breguet

Jewelry Watch Star Performer

Van Cleef & Arpels

Fashion Label For Men Star Performer

Givenchy

Fashion Label For Women Star Performer

Dior

Handmade Shoes Brand Star Performer

Jack Peng

Accessory for Men Star Performer

Dunhill

Accessory for Women Star Performer

Louis Vuitton

Best New Arrival

 

Jewelry Wristwatch Best New Arrival

Omega Ladymatic

Watch with High Complications Best New Arrival

Blancpain ChineseBlancpain Chinese Calendar Red

Accessory for Women Best New Arrival

Powerland

Car

 

Best of the Best

 

Best Super Luxury Executive Car

Rolls-Royce Phantom

Best Super Luxury Car for Self-Drive

Maserati GT

Best Luxury Executive Car

Mercedes-Benz S-Class

Best Luxury SUV

Audi Q7

Best Luxury All-terrain SUV

Land Rover-Range Rover

Best Executive Car

Audi A6L

Best High Performance Sports Car

BMW M3

Best Supercar

Lamborghini LP700-4 Aventdor

Best Roadster

Mercedes-Benz  SLK

Best Luxury Sports Car

Porsche 911 Carrera

Star Performer

 

Super Luxury Car for Self-Drive Star Performer

BMW 6 Series

Luxury Executive Car Star Performer

Volkswagen Phaeton

Hyundai  Equus

Luxury SUV Star Performer

BMW X5

All-terrain SUV Star Performer

Toyota Prado

Executive Car Star Performer

Jaguar XF

Luxury Private Custom Star Performer

Mercedes-Benz Zung Fu

Electric Car Star Performer

Tesla Model S

Best New Arrival

 

Luxury Executive Car Best New Arrival

Mercedes-Benz S-Class 2014

Limited Edition Supercar Best New Arrival

Ferrari LaFerrari

Supercar Best New Arrival

Aston Martin Vanquish

Luxury Sports Car Best New Arrival

Jaguar F-TYPE

Modern Classic Car Best New Arrival

Morgan Motor

Luxury Sports Car Best New Arrival

Jaguar F-type

Yacht

 

Best of the Best

 

Best Yacht Brand

Ferretti

Best New Arrival

 

Luxury Yacht Brand Best New Arrival

FIPA AB116

Business Jet

 

Best of the Best

 

Best Business Jet Brand

Gulfstream

Best Large Size Business Jet

Embraer Legacy 650

Best Ultra Long Range Business Jet

Dassault Falcon 7x

Best Business Jet Operator

Deer Jet

Best Jet Financier

Minsheng Financial Leasing

Star Performer

 

Helicopter Star Performer

Bell Helicopter

Ultra Long Range Business Jet Star Performer

Bombardier Global 6000

Business Jet Sales Advisor Star Performer

Genesis Aviation

Jet Financier Star Performer

ABC Financial Leasing

Best New Arrival

 

Mid-Size Business Jet Best New Arrival

Embraer Legacy 550

Long Range Business Jet Best New Arrival

Dassault Falcon 5x

Air Taxi Best New Arrival

Piper Meridian

Alcohol/ Tobacco

 

Best of the Best

 

Best Premium Imported Spirits Brand

Louis XIII

Best Premium Whiskey

Royal Salute

Best Cognac Brand

Martell

Best X.O Cognac

Hennessy XO

Best Single Malt Whiskey

Macallan

Best Chinese Spirits

Moutai

Best Premium Champagne Brand

Perrier-Jouët

Best Premium Cigarette

Chunghwa

Best Cigar Brand

Davidoff

Star Performer

 

Premium Imported Spirits Brand Star Performer

Ballantine

Star Performer

Yamasaki 18 Years

Chinese Spirits Star Performer

Fenjiu

Luxury Chinese Spirits

Swellfun

Premium Champagne Star Performer

Moet & Chandon

Fine Wine Star Performer

Yao Ming Family Reserve

Best New Arrival

 

Limited Edition Cognac Best New Arrival

Martell 1858

Single Malt Whiskey Best New Arrival

Spey

Luxury Chinese Spirits Best New Arrival

Wenjun

Financial Service/ Auction House/ Education

 

Best of the Best

 

Best Domestic Private Bank

China Merchants Bank

Best Foreign Bank for Personal Banking

HSBC

Best Offshore Private Bank For Ultra High Net Worths (US$25m+)

UBS

Best Financial Services Bank

Citic Corporate Banking

Best Credit Card

China Merchants Bank

Best International Auction House

Christie's

Best Domestic Auction House

China Guardian Auction

Best Executive MBA Programme

Cheung Kong GSB

Best Global CEO Programme

Cheung Kong GSB

Best UK Education Service Provider

BE Education

Star Performer

 

Domestic Private Bank Star Performer

CMBC

Credit Card Star Performer

Bank of Construction

Prestige Credit Card Star Performer

Citic Infinite Credit Card

Auction House Star Performer

Beijing Poly

Executive MBA Programme Star Performer

Fudan University

Executive MBA Programme in Zhejiang Star Performer

Zhejiang University

Executive MBA Programme in South China Star Performer

Sun Yat-Sen Business School

Immigration Adviser Star Performer

Visas Consulting

Best New Arrival

 

Domestic Private Bank Best New Arrival

Ping An Bank Private Bank

Equity Investment Fund Best New Arrival

YHX Bank

Clubs

 

Best of the Best

 

Best Private Club in China

Chang'an Club

Best Elite Circle Club

Le Cercle

Best Private Club in Shanghai

The Roosevelt Club

Best Modern-Day Members Club in Shanghai

M1NT

Best Private Club in Beijing

Hong Kong Jockey Club Beijing Clubhouse

Best Private Club in Sichuan

Chengdu China Club

Best Private Club in Suzhou

Hanyuan International

Best Golf Club in Zhejiang

Fuchun Resort

Star Performer

 

Private Club in Shanghai Star Performer

Kee Club

International Royal Fashion Club Star Performer

Linx Royal Menbers' Club

Private Club in North China Star Performer

Beijing J&E Mansion

Best New Arrival

 

Private Club in East China Best New Arrival

Shanghai Science Hall JE

Travel

 

Best of the Best

 

Best Luxury Hotel Brand

Shangri-La

Best Hotel in Sanya

Ritz-Carlton  Sanya

Best Luxury Hotel in Guangzhou

Ritz-Carlton Guangzhou

Best Luxury Hotel in Beijing

China World Summit Wing

Best Hotel in Sichuan 

Shangri-La Hotel  Chengdu

Best Luxury Resort Under 50 Rooms

Aman Resorts

Best Tax Refund Brand

Global Blue

Best Luxury Travel Retail

Dfs

Best International Brand of Healthcare Management

Lemen Int'L

Best Luxury Travel Agency to Antartica

Diadema

Best Domestic Business / First Class

Air China

Best International Business / First Class

Singapore Airlines

Best Domestic Luxury Destination

Sanya

Best International Luxury Destination

Australia

Best Air Route from China to Europe

Emirates

Best London Luxury Shopping Destination

Harrods

Best Spa Brand

Banyan Tree Spa

Best Fashion Roast Duck Restaurant in Beijing

Duck de Chine

Star Performer

 

Luxury Hotel Brand Star Performer

The Ritz-Carlton

Hotel Brand Star Performer

Wanda Hotels & Resorts

MICE Hotel in Ningbo Star Performer

Shangri-La Ningbo

Luxury Hotel in Macau Star Performer

Galaxy Macau

Domestic Luxury Destination Star Performer

Changbai Mountain

International Luxury Destination Star Performer

New Zealand

Air Route from Beijing to Hong Kong Star Performer

Cathay Pacific

Air Route from Shanghai to Hong Kong Star Performer

Dragonair

Spa Brand Star Performer

Urban Retreat

Best New Arrival

 

Luxury Hotel in Sanya Best New Arrival

Westin Sanya Haitang Bay Resort

Luxury Business Hotel in Shanghai FTA Best New Arrival

Sheraton Shanghai

Luxury Hotel in Wuhan Best New Arrival

PuYu Hotel

Luxury Hotel in Chongqing Best New Arrival

Banyan Tree Chongqing Beibei

Luxury Hotel in Kunming Best New Arrival

InterContinental  Kunming

Luxury Hotel  in Shenzhen Best New Arrival

Four Seasons Hotels & Resorts Shenzhen

Luxury Hotel in Tianjin Best New Arrival

WandaVista Tianjin                                                    Ritz-Carlton Tianjin

Luxury Hotel in Southeast Asia Best New Arrival

The Mulia, Mulia Resort & Villas - Nusa Dua, Bali

Hotel in Yunnan Best New Arrival

Hotel Indigo Lijiang

Hotel in Huzhou Best New Arrival

Sheraton Huzhou Hot Spring Resort

Luxury Resort Within 3 Hours of Shanghai Best New Arrival

Le Passage Mohkan Shan

UK Luxury Shopping Destination Best New Arrival

London Luxury Quarter

Furniture

 

Best of the Best

 

Best Furniture

Davinci

Best Luxury Kitchen Appliance

Miele

Best Luxury Bathroom

Duravit

Best Cabinets

Schiffini

Best Mattress

Hästens

Best Piano

Steinway & Sons

Star Performer

 

Luxury Furniture Experience Center Star Performer

JSWB

High-end Custom Mahogany Brand Star Performer

Kang.yong.qian

Kitchen Appliance Star Performer

Fisher & Paykel

Bathroom Accessory Star Performer

Laufen

Best Coffee Experience Star Performer

Nespresso

Mattress Star Performer

Simmons

Media

 

Best of the Best

 

Best Art Media

Artron

Electronics

 

Best of the Best

 

Best Camera

Canon

Star Performer

 

AV System Star Performer

Samsung UHD F9000

Others

 

Best of the Best

 

Best International Brand of Healthcare Management

Lemen Int'L

Star Performer

 

High-End Commercial Developer Star Performer

Hongxing Estate

Chinese Specialty Brand Star Performer

Yangcheng Lake Chinese Mitten Crab

Caterpillar Fungus Star Performer

Very Grass 5X

Best New Arrival

 

Commercial Property in Guangzhou Best New Arrival

Aoyuan City Plaza

Luxury Shopping Mall in East China Best New Arrival

Yifeng Waitanyuan

Luxury Early Education in South China Best New Arrival

Lions Education

Caterpillar Fungus Best New Arrival

Zangbao Shenglong from Nagqu, Tibet

 

 

 

Methodology

Between June and December 2013, the Hurun Research Institute, a wholly-owned subsidiary of Hurun Report Inc, surveyed393Mainland Chinese ‘millionaires’, defined as individuals with a personal wealth of RMB10 million (equivalent to USD 1.6 million / Euro 1.2 million / GBP 1 million). Amongst them were 69 super-rich individuals with wealth of RMB100 million (USD 16 million / Euro 12 million / GBP 10 million). Their average age was 38 years (39among the super-richband); the ratio of men to women surveyed was 6:4. Respondents were from 23first and second tier cities. The Hurun Research Institute has carried out this survey now for10years running, making this the largest and most authoritative survey of its kind in China.

 

This press release is an executive summary of the Chinese press release.  For the full press release, please refer to the Chinese-language version on the www.hurun.netwebsite.

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