Overview of the Chinese Luxury Outbound Tourism Market In the past 20 years, Chinese travel more and more and is looking for the most beautiful experiences possible, without really caring about the cost. Indeed, the income of Chinese has exploded (from 8.300CNY in 2000 to 90.500CNY in 2019) and it has directly impacted their desire…
By opening up to more merchants, the Xiaohongshu social e-commerce platform expands its restrictive vendor account settings to include sellers of all sizes rather than just registered trademarks. This allows the platform to advance its marketing initiative. It seeks to improve the monetization of its users and traffic. The application is one of some content-driven…
China offers many business opportunities for foreigners and locals alike. However, the level of success depends on your strategy. The unstable nature of doing business in China explains why some foreign entrepreneurs get rich by investing there, while others are frustrated. The difference between these two groups of people is that one group has explored…
Investors are watching China closely for the economic trend following the coronavirus. Recent earnings reports from leading Western companies with a strong presence in China are encouraging. Of course, data from China itself has suggested that a rebound is beginning to take hold. But many investors and economists believe that official Chinese government figures contain…
[et_pb_section fb_built=”1″ _builder_version=”3.22″][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.26.5″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] The time has come to establish a foothold in China, thanks to technological breakthroughs China is preparing to issue a digital version of its currency, the yuan. That said, if you want to start a business in China, now is…
During the COVID-19 the tourism industry was one of the most damaged sectors. Companies operating in the travel and tourism sector suffered losses, particularly in some sectors such as hotel, travel agency, restaurant and car rental sectors. Chinese tourism in Cambodia China has become the largest source of foreign tourists to Cambodia since 2017. China…
Chinese tourism market from 2012 to now Outbound tourism from China has grown significantly over the past 15 years. China continued to hold its position as the world’s highest spender on international travel from 2016 to 2017, a position the country has held since 2012. The World Travel & Tourism Council (WTTC) predicts that China…
Chinese tourism overview China has the world’s largest pool of tourists and in the past decade, Chinese tourism has seen outstanding growth. Now more than ever, Chinese people are traveling and spending more on travel and their destination. In 2016 the China National Tourism Administration (CNTA) forecasted that by 2020, Chinese outbound trips would total…
New Zealand loses feeling with Chinese visitors The China-New Zealand Year of the travel industry is attracting visitors from the neighbourhood, yet it has not supported guest numbers from the China Individuals’ Republic. source Aussie guests are helping compensate for the proceeds with slide-ins in numerous Asian markets, especially China. Measurements NZ said if all…