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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…
The most popular foreign products in China Greater access to imported products Chinese buy many imported products for several reasons. With the democratization of the means of access to imported products, imported products consumed by China is increasing rapidly. Since the launch of Global Tmall by the Alibaba Group, the Chinese consumers have direct access…
According to the last report from Hotels.com, Chinese tourists should be around 174 million by 2019 to spend $264 million overseas. They will be mainly constituted of techsavy millennials with important buying power. Young Chinese are well on their way to take over the Chinese outbound market and hotel owner should stay aware of this….
Tujia, breaks the record in China Tujia, sometimes called the Airbnbn of China, has just finalized a new funding round worth $300 million, beating its earlier target for raising $250 million.This kind of fund-raising outperformance has become quite routine these days, helping to boost a new generation of Chinese Internet companies that often simply copy…
Last year, Spain became the third global holidays destination, after France and the United States. Spain received a record 65 million foreign tourists in 2014. This is the second consecutive year that Spain beats its record of of inbound tourism with 65 million visitors. That means an increase up to 7,1% in comparison with the…