Chinese spend an average of $15,000 when traveling in Europe. This Bloomberg video segment highlights the continued preference by Chinese for making luxury purchases overseas. Read more →
Over 1 million Chinese visited France last year. However, with the speed in which word of mouth travels in China, recent attacks on Chinese tourists in Paris have French tourism authorities pledging to ensure their safety or risk losing valuable tourism dollars.
According to the Wall Street Journal, an American passport can be a costly accessory-with U.S. citizenship come U.S. taxes. The WSJ’s Wei Gu explains why some wealthy Chinese are becoming citizens of cash-strapped European countries and wealthy Asian cities.
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This week’s cautionary tale for the tourism industry involves an allegation that an upscale resort in the Maldives intentionally removed hot water kettles from the rooms of Chinese tourists in order to discourage them from eating instant noodles at the expense of the hotel’s restaurant business. What began as a post on an online forum has quickly become a social media nightmare for the resort and the Maldives as a destination.
BY DAVID WOLF
The Chinese New Year holiday is a period where many of China’s well-heeled consumers travel abroad, so it was no surprise that CCTV ran a story on how many Chinese consumers use their trips not just for sightseeing and relaxation, but for buying luxury goods. The national broadcaster took China’s 80 million international travelers to task for spending $30 billion abroad last year buying luxury goods, and criticizing them for not spending that money at home. Read more →