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…
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….
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…
According to the China Tourism Academy, Australia was one of the top 5 favorite destinations of Chinese tourist. The country was however lagging behind New Zealand, USA and Canada. Here are the reasons why Australia attracted fewer tourists than other countries: The country is more appealing to Chinese tourists… According to a study conducted by…
Tourism is Cambodia’s second-largest revenue and China is their 3rd largest tourist arrival group. According to a report of the Cambodian Ministry of Tourism the country welcomed 460,000 Chinese tourists in 2013, as to know a rise of 38 percent compared to 2012. The Ministry’s chief of the statistics, Kong Sopheareak, said: “We see a…
The China Tourism Academy forecasts that there will be 116 million Chinese outbound travelers who are expected to spend $155 billion for the whole year of 2014. The international shopping measurement specialists calculated than 90% of Chinese travelers budget is spent on shopping. Most of them spend an average of 1,460 euros per purchase. But…