Breitling CEO Calls Dubai a Mature Market For Luxury Goods

The video discusses the luxury market in the Middle East, focusing on Dubai's dependence on both local and tourist markets, particularly Chinese tourists. It highlights the impact of demographics, economic factors, and geopolitical uncertainties on market growth. The discussion also covers how external factors like Brexit and regional instability can affect the luxury goods industry, emphasizing the need for a positive market environment.

What percentage of sales in Dubai is dependent on Chinese tourists according to the text?

What is the significance of the local market in relation to the tourist market in Dubai?