CHINA - GHC Asia has opened an office in Chengdu, Sichuan Province – its fourth office in Greater China and fifth across Asia (in addition to three affiliate offices).
This comes on the back of huge growth in both inbound and outbound tourism, disposable income and real estate development in both Chengdu and the surrounding cities of West China.
Chengdu is China’s number three luxury market behind Shanghai and Beijing and the biggest luxury car market in the country.
Its 14 million residents are also seeing a huge influx of international flights from the likes of American Airlines, British Airways and KLM now in daily operation as well as being the third biggest city for hotel development in Asia behind Jakarta and Shanghai.
"We are seeing exciting developments in Chengdu from both the development happening there in tourism and retail, to the huge annual increase of international tourists growing by 65 percent year-on-year," said GHC Asia’s China managing director Gary Yu.
"Our Chengdu office offers the opportunity for our regional clients to gain greater access vast growing numbers of high-net worth individuals in the west of China, as well as help build local business’ footprint in Chengdu and nationally."
GHC Asia’s team in Chengdu will be led by associate director Phil Boyle and account manager Leta Cheng.
The team will work on national accounts including Ritz-Carlton and LUX Resorts, which have properties in the region, as well as developing the presence of overseas clients including McArthurGlen and Walpole British Luxury.
Since its foundation in Hong Kong in 1997, GHC Asia has opened offices in Shanghai and Singapore in 2006, Beijing in 2009 and Bangkok (an affiliate) in 2010, prior to Chengdu in 2015. It also has affiliates in Sydney and Tokyo.