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.
Category Archives: travel
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.
Chinese tourists used to belong to the relatively wealthy, but as the picture diversify, more are young and aspiration. Bargains and outlets are becoming higher on their travel agenda, WSJ wealth editor Wei Gu explains. A slower Chinese economy also does not help the high-end luxury industry to catch those buyers.
A cumbersome visa system, no Chinese language brochures. Those are just a few of the barriers the UK and London have in place to stop more Chinese tourists from visiting their country, almost ten years after the first groups were allowed in, hospitality expert Roy Graff tells Christine Lu in the Jing Daily.
China’s top officials have asked their fellow citizens to behave when they travel and refrain from spitting and loud talking. Author Zhang Lijia puts spitting in a historical perspective, and believes bad habit decreased, and can disappear, she told BBC News.
Bored with Hong Kong, Milan and Paris, China’s rich are turning to new places, notably in Africa, writes Wei Gu, luxury editor of the Wall Street Journal in Scene Asia. Botswana, Namibia, South Africa and Zambia are on the agenda. 60,000 visited Africa in the first half of 2012, a jump of 68%.
Getting things right for China’s ultra rich is becoming an art in itself. Hurun rich list founder Rupert Hoogewerf tells on the website Elite Traveler a few of the secrets on this most lucrative market – if you get things right.
A slower growth in China is helping online ventures to gain more customers, as they are looking for more ways to save costs, tells retail analyst Ben Cavender in Business Week. Especially travel sites make leaps forward.
Australia scores high among China’s rich, not only as travel destination, but also as place to live, notes China Rich List founder Rupert Hoogewerf in The Sydney Morning Herald, after the release of a new report.
The Wall Street Journal has more details of the earlier released Hurun report about how China’s rich spend their money while traveling. Tension with France have been forgotten, as Paris has become their most favorite destination. The Hurun report is produced by Rupert Hoogewerf.