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Chinese Consumer, External Source, Opinion, Research, Tourism »

[11 Mar 2011 | 3 Comments | ]

There’s been plenty of evidence presented to convince the world that China is fast rising towards becoming the most influential international tourism market there is but a new report gets a little more specific with the details.
Not only should the world be catering to the needs of the Chinese traveler, apparently, it should be catering to the needs of Chinese women in particular.
The “2010 Trend Report of Women’s Travel” claims the amount spent on travel by “well educated and well-paid” single Chinese women rose to 4,300 yuan (468 euros) last …

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Chinese Consumer, External Source, Featured, News, Tourism »

[31 Dec 2010 | No Comment | ]
30 Percent Of Shoppers At London’s Luxury Retailors Are Chinese Tourists

Another sign of how dependent the world is on China is that nearly one third of luxury shoppers in London are Chinese tourists.
Chinese tourists account for 30 percent of the luxury goods market in England, CBRE tells the Daily Mail. They are followed by Russians, Arabs and Japanese, with British making up only 15 percent of the market.
You may noticed the same trend if you go shopping in New York.
While austerity-stricken Brits can’t afford Gucci and Burberry, Chinese has been flooded with money. Shopping abroad Chinese can avoid the high …

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Chinese Consumer, External Source, News, Tourism »

[31 Dec 2010 | No Comment | ]

As the economic boom brings increasing wealth to Chinese people, foreign media have paid attention to international shopping sprees by Chinese tourists. In the US, for example, around a million Chinese tourists went shopping this year, spending over $7 billion on luxury cosmetics, handbags or electronics.
According to a report by China National Radio on Tuesday, Commerce Minister Chen Deming has recently pointed out that the government must deal urgently with the obstacles hindering the import of certain overseas products and thus bring this huge purchasing power back to China. He …

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Chinese Consumer, External Source, Featured, Global View, Highlight, Luxury, Marketing, News, Tourism »

[7 Dec 2010 | No Comment | ]
Chinese Tourists Boost Europe Luxury Sales

LONDON—Luxury goods have enjoyed a heady recovery in Europe from the dark days of 2009, and the good news looks set to continue into Christmas, with sales boosted by spending from Chinese tourists.
But retailers caution that if the euro climbs sharply, some of that retail strength could diminish.
Global sales in the luxury market—which includes such high-end goods as apparel, handbags, watches and cosmetics—declined 8% last year, according to consulting firm Bain & Co. Sales and earnings have surged since then, as have stock prices. The Dow Jones Luxury Index, which …

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Chinese Consumer, External Source, Tourism, Trends »

[6 Dec 2010 | No Comment | ]

The outbound tourism sector in Guangdong province is enjoying a busy winter season but tourists may have to shorten their shopping lists due to tougher customs regulations.
Although the Christmas-New Year shopping bargains available in overseas destinations are still attracting Chinese tourists, holidaymakers will have to adjust to tighter limits imposed by customs this year.
Chinese customs authorities have reinstated the 5,000-yuan ($750) limit for customs duty exemption and stepped up inspections against smuggling at some checkpoints, such as those in the Guangdong cities of Shenzhen and Zhuhai, which border Hong Kong …

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Chinese Consumer, External Source, News, Tourism »

[27 Nov 2010 | No Comment | ]

THE Bahamas must move quickly to take advantage of its designation as an “Approved Travel Destination” by the government of the People’s Republic of China in order to take full advantage of the large Chinese tourist market, Health Minister Dr Hubert Minnis said.
Dr Minnis said more than 65 million Chinese citizens visited countries with Approved Destination status over the course of the last year.
The minister said research shows that tourist volumes to destinations with Approved Destination Status from the government of the People’s Republic of China, increased by about 40 …

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Chinese Consumer, External Source, Marketing, News, Tourism »

[26 Nov 2010 | No Comment | ]

If you’re in China, you may not have to go to Hong Kong to get your duty free cosmetics and liquor anymore. Hainan Island, a popular tourist destination in Southern China, is continuing efforts to transform itself into a top international tourist Mecca.
A local official says the policy is expected to take effect in 2011. Under it, tourists who make purchases in Haikou, Sanya, Bo’ao and Wanning will receive tax rebates when leaving the province. Plans are underway to build expansive duty-free malls to attract world-renowned brands. The policy is …

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Chinese Consumer, Chinese Government, External Source, Global View, Luxury, News, Tourism, Trends »

[26 Nov 2010 | No Comment | ]

In the last few years high-end retailers around the world have learned that Chinese are ready to shop. Due to new duties levied by the Chinese state, the shopping spree may be coming to an end.
Chinese tourists have been eager to shop for luxury goods in Western cities because of price. The prices for luxury merchandise on Fifth Avenue in New York City are only about 1/4 to 1/3 of those in Shanghai and Beijing.
In August, Chinese Customs announced steep, new duties on any merchandise brought back into the country …

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External Source, Luxury, Tourism »

[16 Aug 2010 | No Comment | ]

Japan has always been a hotspot tourist destination – with beautiful cherry blossoms, Mount Fiji looming on the horizon, tranquil Zen gardens, natural hot springs, and delicious seafood delicacies, people flock to Japan by the millions. This is also true for Chinese tourists, but not for the same reasons – Chinese are traveling to Japan to purchase, purchase, and purchase. The new generation of young Chinese white collar workers are looking to go to Japan to buy electronics and other products and is leaving the site seeing to the grandparents. …

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External Source, Luxury, Tourism »

[16 Aug 2010 | No Comment | ]

The Euro has depreciated nearly 20 percent against the Yuan since 2009 – which means Chinese are planning trips to Europe to buy name brands at a “discounted” price. Name brands, such as Louis Vuitton, a Chinese favorite, are now cheaper in Europe than on the mainland including Hong Kong, an otherwise very popular place to shop for the pricey goods. According to an avid shopper, Li Yaoyi, “A 1,000-euro purse now costs about 8,000 yuan, which is about 1,400 yuan cheaper according to the converted price paid for the …

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Chinese Consumer, External Source, Tourism, Trends »

[19 Jul 2010 | No Comment | ]

Lin Cheng-ming runs a small souvenir shop in Hengchuen Town on the southernmost tip of Taiwan. This year, he began to accept the Renminbi, the mainland’s currency, from his customers.
Although the Renminbi and the New Taiwan dollar cannot be directly exchanged, Lin wanted to make mainland tourists feel comfortable.
“We also began accepting (the mainland-based) UnionPay cards late last year,” Lin said.
A group of mainland tourists arrived in Taiwan in July 2008. They were the first mainland tourists to visit Taiwan since the two sides split amid civil war 59 years …

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Chinese Consumer, External Source, Featured, Headline, Statistics, Tourism »

[9 Jul 2010 | 2 Comments | ]
Visa and PATA Survey: Mainland Chinese most frequent outbound travelers from Greater China

The Visa and Pacific Asia Travel Association (PATA) Asia Pacific Travel Intentions Survey 2010 has found mainland Chinese travelers plan to travel most out of all Greater China travelers.
The Survey, which was conducted in May 2010 and interviewed 1,571 people in the Greater China region, found that on average, mainland Chinese travelers are planning for 7.4 business and leisure trips in the next two years, compared with the 5.6 and 4.5 trips anticipated by Hong Kong and Taiwanese travelers.
The results also show that Greater China travelers are less affected by …

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Chinese Consumer, External Source, Opinion, Tourism »

[5 Jul 2010 | No Comment | ]

One day this January, I was standing at the entrance of the Musée d’Orsay in Paris, and was happy to find there was an audio guide in Chinese  available. It was an exciting sign that the increasing number of Chinese tourists had caught the attention of the curators, and that their needs were starting to be seriously taken into consideration.
With so many Chinese tourists eagerly flooding into the outside world, China can’t remain a mysterious country in the Far East.
A recent report in the Financial Times says Chinese tourists’ “overnight” …

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