综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Industry Watch

Travel boom reshapes spending

By Wu Yiyao in Shanghai (China Daily) Updated: 2014-05-15 07:28

Travel boom reshapes spending
 
Chinese consumers' spending on dining, hotels and entertainment has surged more than 60 percent in the past three years because of increased overseas travel, a report said on Wednesday.

UnionPay International, a unit of China UnionPay Co Ltd whose activities include cross-border transactions, surveyed Chinese consumers in more than 140 countries and regions. The research showed the compound annual growth rate of Chinese consumers' spending on dining in the past year was more than 65 percent, while the CAGR of entertainment spending was more than 60 percent.

"Chinese consumers are spending beyond duty-free stores and international luxury brands," said Cai Huiming, an analyst with UnionPay International. "They are also shopping for groceries, snacks, cosmetics and toys in local shopping malls and grocery stores. It's a sign that Chinese consumers stay longer and delve deeper into local lifestyles than ever before when they travel overseas."

Travel boom reshapes spending
Explosion of riches 

Travel boom reshapes spending
China enters new luxury market era 

Cai said the data reflect shifting trends of Chinese consumers' behavior and favored touring patterns.

Luxury brands remain a major purchase for Chinese consumers overseas, the UnionPay report said. Spending on other items is increasing, such as on concert and show tickets, sports activities, surfing, scuba diving, sky diving, horse racing, hiking and car rentals.

The CAGR of spending on hotels was around 40 percent in the past three years, the report said.

Chinese consumers are more willing to travel far and wide. In 2013, there were 97 million trips overseas by Chinese with spending of $102 billion, according to data from the China National Tourism Administration.

The number of overseas trips made by Chinese is expected to grow about 15 percent to more than 110 million in 2014, according to the CNTA.

Visits to Norway, Iceland, Greece, Nepal and Fiji had a CAGR of up to 200 percent in the past three years, reflecting a growing interest and passion for

going off the beaten path.

Visitors to Italy, Canada and Mauritius have more than doubled compared with three years ago, Cai said.

"Consumers are no longer satisfied with having a quick look at the destination and moving on to another place the next day," said Feng Yun, marketing director of Shanghai-based China Travel Service Head Office.

The old-fashioned 12-day, five-country package accounts for less of the market than before, and an increasing number of tourists are taking backpack tours, bringing more diversity to the tourism, hospitality and retailing markets, Feng said.

Travel boom reshapes spending Travel boom reshapes spending
 Top 10 picks for global travelers

 

Hot Topics

Editor's Picks
...
...
波密县| 玛沁县| 大港区| 渝北区| 两当县| 宁城县| 新昌县| 南丰县| 湟源县| 花莲市| 江口县| 淮北市| 长海县| 津南区| 甘泉县| 景谷| 积石山| 荥经县| 东海县| 卓资县| 太保市| 古交市| 始兴县| 肃南| 文安县| 汨罗市| 新龙县| 鄂州市| 辽阳县| 乌拉特中旗| 重庆市| 桃园县| 永康市| 临清市| 靖边县| 镇雄县| 遵义县| 额济纳旗| 安仁县| 竹北市| 都兰县|