Are you a travel agency trying to enter the Chinese market? We can totally understand your desire as China is the biggest outbound market in the world. However, it should be noted that if you want to build a viable travel agency in China you will have to tailor your strategy and mainly go online….
Tourism is Cambodia’s second-largest revenue and China is their 3rd largest tourist arrival group. According to a Ministry of Tourism study, China was the main source of foreign tourists to Cambodia in the pre-pandemic era, and the country attracted 2.36 million Chinese tourists in 2019, producing around 1.8 billion US dollars in income. Cambodian Tourism…
According to a study by the United Nations World Tourism Organization and the China Tourism Academy, China sent more travellers abroad than any other market before the coronavirus pandemic paralyzed international travel in 2020, with about 150 million Chinese tourists spending $277 billion abroad in 2018. That exodus stopped in 2020, and as part of…
TRENDS The New China Outbound Tourism Handbook 2023 forecasts 228 million Chinese travellers per year by 2030. The international shopping measurement specialists calculated that 90% of a Chinese traveller’s budget is spent on shopping. Most of them spend an average of 1,460 euros per purchase. But these purchases are not only for the tourists themselves……
A recent report showed that the increasing number of Chinese outbound tourists will spend for over $255 billion abroad by 2025 Chinese tourists to conquer to world Over the next decade, Chinese outbound tourism is expected to remain the largest travelling force around the world, totaling about $255 billion spent abroad. Oxford Economics carried out…
According to the Ministry of Commerce, Chinese tourists spended up to 1.2 trillion yuan ($183 billion) on shopping abroad last year ; mostly on luxury goods. The Fortunate Character Research Center evaluats the Chinese overseas consumption of luxury goods of 46% of the global purchases, namely $116.8 billion and at least $91 billion was spent…
Luxury tourism is a success: 2012 is the year when the Chinese tourists became the biggest spendthrifts of the world during their journeys abroad. A strength of even more powerful consumption is to be planned in coming 25 years. In spite of the fluctuations of stock-exchange market and the devaluation of the change, a slowing…