Weekly Round-Up (20 June 2016)

Welcome to this week’s Weekly Round-Up, highlighting all the exciting news happening in the Chinese outbound tourism space, both within Australia and abroad. This week – reports that Australian retailers are missing the opportunity to capitalise on the peak July/August Chinese tourist arrivals, direct flights from China to Cairns in sight and Chinese outbound tourists forecast to spend twice as much on international travel in 10 year’s time. Let’s get into it!

Australian articles

Global articles

  • Chinese to spend twice as much on international travel in ten years’ time: Mainland Chinese, already the world’s biggest spenders on overseas travel, are expected to nearly double the amount they spend on the activity over the next decade, according to a new study by Visa. Outbound tourists from China whose household income exceeds US$20,000 a year spent a total of US$137.0 billion in 2015, more than any other country in the world, and this would rise by 86% to US$255.4 billion in 2025. (South China Morning Post)
  • Report: 23 million Chinese travelers expected to visit the United States in the next five years: Studies show that the growing number of Chinese outbound tourists headed to destinations outside of Asia highly favour travel to the United States—it’s among Chinese travelers’ top “dream destinations,” and also comes out in front when jetsetters are prioritising cultural experiences. But when it comes to just how many people will make it over there in the coming years, a new report says inner airports in the United States need to be prepared for a surge. (Jing Daily)
  • Chinese online travel agencies post revenue rise after merger: Two leading Chinese online travel agencies (OTAs) posted rising revenue growth in the first quarter of 2016 after their merger thanks to Chinese consumers’ growing appetite for tourism. Ctrip raked in 4.2 billion yuan ($63.8 million) in Q1, up 80% year on year while Qunar posted a Q1-revenue increase of 48% year on year to 993.1 million yuan, according to financial statements released on Thursday. (China Daily)

Quick Stats

  • More than 330 million people live within a three-hour drive or train ride of Disney’s new Shanghai theme-park, which opened on Thursday (link)
  • Two-thirds of China’s 120 million international travelers last year were aged under 35 (link)
  • In the year to April, 1.17 million Chinese people visited Australia. Of those, more than 600,000 visited New South Wales, 531,536 travelled to Victoria and 442,346 went to Queensland (link)

Leave a Reply