Return to our Home page Search
Click here for the hotel and hospitality news from around the globe Hotel, Travel and Hospitality Articles Videos and in-depth Interviews
CONCIERGE DESK
Read more now
Read more now
Yuan appreciation increases Chinese travel.
Monday, 2nd February 2009
Source : HVS International
 

Despite the global financial recession, mainland Chinese outbound travel has increased during the 2009 Lunar New Year festive period.

This is attributed mainly to the appreciation of the Chinese yuan which resulted in lower hotel and flight prices, discounted tour packages and luxury shopping deals in destinations such as the United States, Europe, Australia and Japan.

According to China National Tourism Administration (CNTA), 46 million mainland Chinese tourists travelled overseas in 2008, a 12% increase compared to 2007.

In spite of the current recession, CNTA forecast that outbound travel would increase by 9% to 50 million tourists in 2009 as consumers reach out for more cost-effective travel and family tours.

Based on a survey carried out by Nielson Company and Pacific Asia Travel Association (PATA), mainland Chinese travellers spend an average of US$1,359 per luxury good in Europe, the highest amount across all destinations.

www.hvs.com

~ Important Notice ~
Articles appearing here contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.

Visit Rotana
Advertisment  
 Related News  (Click title to read article)
Chinese travellers love luxury brands.
Beijing to spend US$147M on tourism upgrades.
Reduced costs to revive Tibet tourism.
Chinese travel preferences studied.
 Latest News  (Click title to read article)
Four Seasons Shenzhen set to open in China's powerhouse city
Tuesday, 18th June 2013

News from around the Asia Pacific region, June 18
Tuesday, 18th June 2013

Digital Innovation Asia announces winners for the 1st DIA Awards
Tuesday, 18th June 2013

Emirates launches first EGBC Awards to honour excellence in sustainability initiatives
Tuesday, 18th June 2013

Reed launches World Travel Market Africa
Monday, 17th June 2013

© Copyright 4Hoteliers 2001-2013 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here

Use of this web site is subject to our
terms & conditions of service and privacy policy