– Orchard Road’s slow recovery is due to the absence of Chinese tourists and moderate-spending locals
– Locals and tourists traditionally contribute equally to consumption, but there has been a decline in both groups
– Indian visitors have been making up for the decline in Chinese tourists
– Luxury brand shoppers have been active, compensating for the absence of moderate-spending locals
– The absence of Chinese tourists has heavily impacted the retail sector
– Shaw expressed surprise at the influx of Indian visitors, providing support to local businesses
– With the gradual recovery of the global economy, there is hope for the return of Chinese tourists and moderate-spending locals
– The continued presence of Indian visitors and spending of luxury brand shoppers offer hope for Orchard Road’s economic revival