Tokyo claims top spot as global luxury shopping destination


Joe Baker
Joe Baker
Senior Copywriter
Joe is a Senior Copywriter working on reports, news and analysis. Previously, he worked as a B2B copywriter, journalist and editor covering a broad range of topics, including technology, transport,… Read more
  • Tokyo has emerged as the ultimate luxury shopping destination in the world, according to data from high-end travel curator Lartisien. 
  • In recent years, Hong Kong has set its sights on becoming the ultimate destination for luxury tourism and has a powerful weapon of billionaire influencers in its arsenal.
  • Milan, often cited as Italy’s fashion capital, rounds out the top 10 with 69 luxury stores. 

According to data from high-end travel curator Lartisien, Tokyo has claimed the top spot on the list of the world’s global luxury shopping destinations. With 217 designer stores and the Ginza district as its luxury hub, Japan’s capital city is a paradise for fashion enthusiasts and discerning shoppers. 

In second place is Hong Kong, with its 211 designer stores and renowned malls such as The Landmark and Elements. Notably, Chanel dominates the luxury market in Hong Kong. Once known as Asia’s largest luxury shopping centre, the city’s interest in the luxury market suffered a significant blow during the Covid-19 pandemic due to strict containment measures. 

Seoul is making its mark on the fashion industry at third place in the global rankings. With 210 designer boutiques, the city’s retail landscape is rapidly evolving and becoming a rising luxury hub. Anchored by Asia’s largest underground mall, Starfield Coex Mall, Seoul offers a unique shopping experience for fashion-forward individuals. 

In comparison, Paris, the home of Europe’s largest luxury groups, has 177 designer stores. Known for its chic and romantic ambiance, Parisian fashion can be found in iconic locations such as The Golden Triangle and Rue du Faubourg Saint-Honoré.  

High net-worth individuals (HNWIs) looking to enjoy a luxury shopping experience should use a safe money transfer method when making payments overseas. 

New York, the cultural and fashion capital of the US, is known for its vibrant and diverse designer boutique scene. With famous avenues such as Madison and Fifth leading the way, New York comes in fifth place with 124 designer boutiques. 

Dubai has also established itself as a true luxury hub. It has 121 designer shops and has earned the sixth spot on the global list of top destinations. With its booming economy and world-famous shopping mall, Dubai has become a hotspot for those seeking the ultimate shopping experience in the Middle East. 

London is no stranger to taking the top spots when it comes to the global luxury landscape. However, while often appearing in the top three, the UK capital has achieved a respectable seventh place. With 112 luxury stores, London truly embodies the essence of opulence and sophistication. 

HNWIs seeking to indulge in the world of luxury shopping can choose from various international money transfer options available. 

Wealthy buyers can learn about secure international payments by reading our currency exchange reviews. 

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