According to CLSA, Asia’s leading and longest brokerage group and independent investment, estimated that by 2020 the number of tourists from China mainland outbound will reach 200 million, double the 100 million who left China in 2013 and tourist spending will triple.
Tour operators have to consider Chinese tourists
Travel agency have to know that due to growing middle class monied eager to discover new destinations, travel is one of the best aspirations of billions of * Boomer generation China. The key factor is 8,000 dollars of GDP per capita and annual leave in addition, the relaxation of visa, mainland worsening pollution and a national infrastructure increasingly overloaded with tourism.
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CLSA surveyed 1,000 Chinese travelers in 41 cities to understand the demand for travel outbound, habits and spending habits and found 64% are interested in traveling abroad over the next 12 months and the 67% intend to increase their travel budget.
Head of consumer research and games, and the report’s author, said: “The projected explosive number of trips abroad Greater China growth offers great opportunities for countries to benefit the willingness of Chinese tourists for new experiences – sightseeing to food, hotels, gaming and shopping tourists increasingly savvy, independent and require high-quality experiences and service “..
Hong Kong and Macau still continue to attract more and more Chinese
Hong Kong and Macau should continue to be the destination of travel, but it is estimated the number of visitors to fall from 62% to 45% of the total number of Chinese outbound tourists and vacationers looking for more exotic international high.
US and France
The United States and France were 1.5 and 1.3 million visitors from China respectively in 2012, the highest number ever recorded. Survey respondents instead the two countries that their dream destinations and CLSA expects travel numbers to 5.7 million in the United States and 3.9 million in France in 2020.
The cost of long travel and limited annual leave will continue to Asian countries benefit most from the growth of tourism from the mainland. Survey respondents who plan to travel said, in order of preference, Thailand, Taiwan, South Korea and Singapore as their top destinations in the next three years.
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Tourism and Shopping
While tourism, experience different cultures and relaxation are the three main reasons for traveling; trade remains an important part of the travel itinerary. Local specialties, skin care / makeup / perfume and clothing are the most popular items purchased with 80% of the tourists who buy local and specialty shops near 60% in the stores downtown or duteefree at airport.
Luxury goods continue to be very popular with tourists from outgoing continent which two-thirds of their purchases abroad. Spending by Chinese rich and lavish gift giving resulted in the global luxury goods sector growing by 41% between 2009 and 2012, the demand for greater Chinese increased 135% during this period, capacity their market share from 19% in 2009 to 31% in 2012 CLSA expects that to increase by 50% by 2020, mainland China, the middle class drive the next wave of growth the luxury market.