Fast moving changes among China´s ultrarich, business analyst Shaun Rein noted when he recently joined a millionaire on a trip to South Africa. Travel is hot for the rich, sharing their experiences over WeChat. Bling is out, feeling good is in, he tells at CNN.
Category Archives: travel
Gone are the days when China´s rich moved to the same Gucci stores to purchase the same bling bags. For travel organizers these trends to individual choices creates a group of very demanding, but also very lucrative customers, says business analyst Shaun Rein in TTGAsia.
Chinese are changing the tourist industry in the west profoundly, says Roy Graff of ChinaContact in IBT. Getting your online presence is one key element: ““The issue is that if you have a global Twitter or Facebook marketing plan, you need a separate plan for their Chinese equivalents.”
Chinese have become avid international travelers, but they develop into a very different breed than other tourists. Shaun Rein explains in his today released book The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia, how different China tourists are, and what they mean for the industry.
Golf operator Mission Hills is opening a large public golf course at Haikou at Hainan island, to tap into China´s huge domestic tourism industry. WSJ wealth editor Wei Gu talks to Ken Chu, CEO of the Mission Hills Group on how to involve more than the current 5 million Chinese golf players in this sector.
More exciting and diverse, describes tourism expert Roy Graff the increasingly fragmented market of now 19 million outbound Chinese tourists. Their numbers are growing fast and allows both mass marketing and interesting niche markets to develop. The internet is a key tool to get to them.
President Xi Jin Ping´s anti-corruption drive has already brought major problems for luxury goods, alcohol and restaurants. But now also airlines and the four, and five star hotels feel the pressure. JC Mandarin in Shanghai closed already its doors, and more will follow tells business analyst Shaun Rein to WSJ wealth editor Wei Gu.
Japan regain its top position as favorite holiday destination for Chinese tourists, after the US and Taiwan. WSJ wealth editor Wei Gu explains why the political disputes with Japan are easing down, and how the qualify of life is attracting Chinese, apart from a more favorable currency.
More than 100 million Chinese will travel abroad next year, creating huge investments opportunities. WSJ’s Wei Gu discusses those chances with fund manager Jim Rogers, who picked shares from airline and hotel companies, to bet on this massive development.
The UK might be lagging in attracting Chinese tourists, a great city like London can still do more to accommodate those tourists who take the initial barriers to the island. Hospitality specialist Roy Graff spells out some tips for the city in the ChinaContact newsletter.