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prada ankle boot Heathrow, and next year will open a boutique in Paris Roissy Charles de Gaulle airport and another in Dubai.Kering's Gucci, which like mega brand rival Louis Vuitton has suffered a slowdown in the past two years partly due to emerging market shoppers' growing preference for logo free products, has opened boutiques in the same locations recently.Tourism spending is up 12 percent worldwide since January while spending by Chinese tourists in Europe is up closer to 20 percent, according to data from tax refund company Global Blue.Chinese tourists, who barely featured in luxury brands' customer statistics a little over a decade ago, now make up 29 percent of global luxury spending, consultancy Bain Co said in a report published this week.That trend is set to continue, with Boston Consulting Group BCG forecasting nearly half of all air traffic in the medium term will come from the Asia Pacific versus 37 percent now.Though most luxury brands raised prices, particularly in the euro zone and in Japan, to make up for currency moves, Bain estimates that over two thirds of luxury spending by mainland Chinese was made overseas in 2013, due partly to local duties.According to Renaissance Capital, Europe remains the cheapest market for handbags with price 9 percent below those in Hong Kong and 28 percent below mainland China, while the yen's weakness has played in favour of luxury shoppers in Japan.BCG expects the Chinese travel market will grow at a compound annual rate of about 11 percent from 2012 to 2030.Chinese urban travellers took about 500 million domestic and outbound trips in 2012, spending about billion, and it expects those numbers to increase to 1.7 billion trips and trillion in spending by 2030."This channel affects customers that are more interested in luxury than the average," said Patrick Albaladejo, deputy managing director of Hermes, adding that travel retail represented a "significant" portion of the brand's total sales.L'Oreal , the world's biggest cosmetics group and maker of Lancome creams and Yves Saint Laurent lipstick, created a division last month dedicated to travel retail, which it described as a "sixth continent.Sales from travel retail generate 15 percent of