Understanding the Chinese Travel Market
The report found that one in every four social media users in what they call ‘initiators’ — influential usrs that regularly start conversation, create content and publish their views online and are the fertile starting point for new ideas, services and products.
A further 29 per cent of Chinese social media users are ‘commenters’ who react and comment on other people’s views. They are also the ‘accelerators’ of new ideas.
The largest group, comprising 45 per cent of social media users, are ‘gawkers’ who quietly …
Brazilian and Chinese visitors led a resurgence in foreign tourism spending within the U.S. in the first half of the year, giving hope to domestic hoteliers, airline companies and others that the travel-spending slump of 2008 and 2009 is over, according to a report released Wednesday.
Foreign tourists spent about 20% more here during the first six months of 2010 than they did a year earlier, Visa (V) reported. American citizens also boosted their spending abroad, increasing travel purchases on their Visa cards by 9.3% compared to the same period in …
The world’s second biggest economy is attracting a lot of interest from hotels.
China, which recently overtook Japan as No. 2 on the world’s gross domestic product list behind the United States, is No. 1 as far as hotel development in the Asia/Pacific region goes, according to STR Global data.
Damien Little
director
Horwath HTL
As China’s economy has grown, so too has domestic travel, said Damien Little, director of Horwath HTL in Singapore. Plenty of stimulus money has been pumped into the Chinese economy, and the government has loosened some property-development regulations, which have …
Brett Butcher believes Chinese tourists escaping to the sun will revolutionize the leisure industry in Asia. The 50-year-old Australian managing director of Langham Hotels International said ever wealthier people from the colder north of China will increasingly want to take their holidays in warmer climates.
He believes this will prove a boon to hotels on Hainan, the tropical island off China’s southern coast, and to various other destinations in Southeast Asia.
“It is the next big growth story in China which has yet to happen. People are going to start to ask themselves …
Global business travel spending will increase 6.2 percent from a recession-depressed 2009, to $896 billion, according to a new report from the NBTA Foundation. Researchers expect the global figure to surpass the 2008 peak of $926 billion in 2011, with growth driven by strong trade conditions in Asia, healthy business travel volumes in the Middle East and Latin America, and double-digit business travel spending growth in several manufacturing sectors–offsetting continued weakness in Europe.
“At mid-year 2010, we have already seen many of the air and hotel indicators recovering more quickly than …
China’s outbound tourism will survive the coming economic downturn in China, because Chinese are not travelling for indiviual pleasure.
