With the recent finding that China is now home to one million millionaires and tens of thousands of the super-rich, both new and established luxury brands are eager to engage with these consumers. The following are several articles detailing the recent spending trends among these wealthy Chinese and the types of products or experiences that characterize their habits as consumers.Read More »
International Tourism: “Low Hanging Fruit” for economic stimulus
The U.S. government has found a new way to create jobs and stimulate the economy — by promoting the U.S. as a tourist destination to international travelers. The government believes that courting tourists from cash rich countries like China, Brazil and India could add as many as 1.3 million new jobs and an $859 boost to the economy over the next ten years.
Chinese tourists are leading the pack, with spending up 39% in 2010 to reach US$6 billion.Read More »
Weibo photos: “Sea of tourists” during Golden Week
Ever wonder why China is predicted to have more than 100 million outbound tourists by 2020 - making it the largest source of tourism in the world? Certainly, its to experience new places, but its also to escape the massive crowds that occur during China’s three “Golden Weeks” when the whole country goes on vacation. The Shanghaiist posted pictures of the current National Holiday tourist rush in China posted from a Weibo account - illustrates the point pretty nicely. Who wouldn’t want to avoid these crowds??
http://shanghaiist.com/2011/10/04/weibo_photos_sea_of_tourists_during.php#photo-1Read More »