As the US Visa discussion continues (described in an earlier post), more experts are chipping in their own takes on potential benefits of eased rules, sizing up the volume and impact of the Chinese tourists’ colossal spending.

Earlier this month, the U.S. Travel Association urged the government to overhaul its visa system, saying it serves as a virtual “keep out” sign.

Chinese travelers are among the world’s biggest spenders. snapping up Louis Vuitton LVMH bags and jewelry at Tiffany & Co in the world capitals they visit.

They are set to overtake their Japanese counterparts as the second-largest luxury spender behind the United States within a few years.

“Quite frankly, the Chinese tourist is today the dominant influence in the gateway cities,” Polo Ralph Lauren Chief Operating Officer Roger Farah said on a call with Wall Street analysts on Wednesday.

“Our sales at duty free are mindboggling,” said Bernd Fritz, chief executive of the perfume company Coty.

source: http://www.reuters.com/article/2011/05/26/us-luxury-summit-visas-idUSTRE74P6RO20110526

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