Search results for “GDP”
Outbound tourism from China drives growth across Asia Pacific
02/02/2019|9:47:13 AM|
With 67% of overseas trips concentrated in the region, Chinese tourists play a major role in sustaining the sector — from South Korea and Japan, to Singapore, Sri Lanka, Thailand and the Philippines.
Chinese tourism's value added growth reaching $550 billion in 2017
01/21/2019|6:19:30 PM|
Among all tourism sectors, entertainment services witnessed the most rapid increase, 17.2 percent, followed by travel and catering services.
China’s hotel pipeline: 661 hotel openings expected in 2019, and 604 in 2020
01/04/2019|3:48:56 PM|
China’s total construction pipeline continues to be led by Shanghai and Guangzhou with 125 projects/24,403 rooms, and 113 projects/26,897 rooms, respectively.
Ctrip CEO: Tourism is hit by US trade war, but will still grow
12/18/2018|7:36:10 PM|
If GDP is growing 5%-6%, travel will be 8%-9%, and we will be double that.
Southeast Asia’s online travel to reach $30 billion in 2018, $78 billion in 2025
11/20/2018|5:37:23 PM|
Southeast Asia’s online economy reached $72 billion in value this year, and is projected to triple to $240 billion by 2025.
Wanda unveils mid-end hotel brand, Shangri-La ties up with Klook, and more
12/10/2018|11:54:46 AM|
Visa-free entry to the EU may add €12.5 billion more tourism spending from Chinese visitors every year. Budget airlines in China are actively growing ancillary revenues, while state-owned carriers only provide prepaid seat selection options for international flights.
Expedia closing in on $100 billion as it aims to be world’s largest travel platform
12/10/2018|8:39:00 AM|
Okerstrom called on hotel owners and operators to “learn from what’s happening in the alternative accommodation” space.
Full Chinese visa liberalization may generate €12.5 billion spending for EU
12/05/2018|9:44:56 AM|
A full visa liberalization scenario between China and the EU is likely to increase the average growth of Chinese arrivals from 7% to 18% per year between 2018-2023.
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