News

The world’s leading cruise operators hope that China will become a major revenue source, as they look for middle-class customers to make up for the stagnant and mature American and European markets. Leading cruise operator

China overtook Middle East as the largest outbound hotel investor in 2016, with investment levels reaching a new high at USD 9.8 billion, a 75% uplift from 2015. Global hotel transaction volumes in 2016 returned

Chinese travelers will make more than 5 billion trips in 2017 and spend over RMB 5 trillion (USD 727 billion) in the year, projected CNTA. Tourists from China are projected to make more than 5

China’s domestic aviation numbers are forecast to double and reach 840 million by 2026, with growth averaging 6.8% per annum, projected international aircraft leasing company Avolon. China’s domestic aviation market will continue to experience strong

Hong Kong’s largest jeweler Chow Tai Fook is seeking custom from mainland shoppers in Japan in a bid to capture growing demand there by Chinese travelers. An 820 sq ft Chow Tai Fook-branded shop will

Chinese tourist arrivals to Australia grew almost 20% to more than 1.1 million in 2016, according to figures released by the country’s federal government. The International Visitors Survey (IVS) showed foreign tourists spent a record

The number of organized outbound visits from China totaled 14.49 million in the fourth quarter of 2016, up by 4.49% YoY. The duration of overseas stays totaled 80.64 million days, an increase of 1.24% from

Outbound local tour platform Woqu announced that it has merged with Lulutrip, a travel service for overseas Chinese tourists. Meanwhile, it has raised USD 25 million in its series B+ round funding. Outbound tour service

Chinese companies could be spending USD 275 billion a year on outbound deals in the next decade, even as the country tries to restrict capital outflows. Chinese companies could be spending USD 275 billion a

Hoteliers adapt their offerings, from breakfast to flower colors, to accommodate the 69% boom in tourists from China. These visitors benefit the Israeli economy by spending 69% more than their European counterparts per day in