It’s no secret that China represents a big opportunity for global travel and tourism companies. What’s not yet widely understood is how enormous that opportunity is—and how easily it could be lost if travel and tourism providers don’t grasp the dynamics now to reshape the market for tourism inside and outside China.
Consider these two snippets that hint at those market dynamics: between now and 2030, two of China’s fastest-growing tourist segments will be traveling without organized tour groups. And eight of Chinese tourists’ ten most desired destinations in the near future are far outside of Asia. Their top “dream” vacation spots range from Australia and New Zealand to the U.K. and Italy.
These are just two of the many important findings in Winning the Next Billion Asian Travelers— Starting with China, the most recent report on the travel and tourism industry from The Boston Consulting Group. Coauthored with TripAdvisor, the world’s largest travel website, the report sheds light on everything from the breathtaking speed with which China’s tourists are packing their bags for leisure travel to the extent to which they are willing to trade up to more expensive rooms and other services.
via BCG – Press Release – Capturing the Full Opportunity Behind China’s Explosion in Travel and Tourism.
|Technology is key to unlocking the enormous potential of the Chinese travel industry.
Sunday, 8th September 2013
Source : TravelDaily
Amadeus discusses critical trends that will shape the future of travel in China at the Travel Distribution Summit.
TravelDaily, China’s leading online publisher and event organiser focusing on distribution, marketing and technology trends in the travel and tourism industries, welcomes Amadeus as the platinum sponsor at the 2013 China Travel Distribution Summit in Guangzhou on September 11 & 12.
Over 750 C-level executives and senior leaders from travel and tourism will take centre stage at the China Travel Distribution Summit to address the core issues affecting the heart of their industry.
Amadeus, a leading technology partner for the global travel industry, will showcase how its advanced technology solutions creates new opportunities, maximises revenues and increases efficiency for airlines, travel agencies and hotels across Asia.
Bart Tompkins, Managing Director for Amadeus China will also deliver a keynote presentation detailing the increasing use of technology and infrastructure during the travel process, the rise of individualism of Chinese travellers, the disappearance of travel barriers within the Asia Pacific region, and expected growth at the upper and lower ends of the travel market.
via Technology is key to unlocking the enormous potential of the Chinese travel industry. ~ Sunday, 8th September 2013 from 4Hoteliers.
DALLAS, August 21, 2013 /PRNewswire/ – China has overtaken the U.S. and Germany as the world’s biggest spenders on travel, with Chinese travelers spending $102 billion on international travel in 2012, an increase of over 40 percent from 2011*.
The second annual Chinese International Travel Monitor (CITM) released today by Hotels.com, the world’s leading hotel booking website, reveals significant insights into the changing behaviors of Chinese travelers and how the global hotel industry is adapting.
Surveying more than 3,000 Chinese international travelers and more than 1,500 hoteliers around the world, the Hotels.com report found 75 percent of global hoteliers say Chinese travelers now account for up to five percent of their business. Nearly half (45 percent) say they have experienced an increase in Chinese guests over the last year, with the greatest increases coming in APAC (61 percent). Hoteliers see China as a positive growth market over the next three years with one in 10 expecting to see an increase of more than 50 percent and almost half (47 percent) anticipating an 11-50 percent rise.
According to the Hotels.com report, the majority of overseas Chinese travel (96 percent) has been for leisure purposes, while just over half (52 percent) have also visited other countries for business or education.
In a growing trend, nearly two thirds (62 percent) of Chinese travelers say they prefer to travel independently and not as part of a group. This development was confirmed by the hoteliers surveyed, who say 70 percent of Chinese guests now travel independently, compared with a much more even split in 2012.
via China Becomes World\’s Biggest Travel Spender According to Hotels.com Report — DALLAS, August 21, 2013 /PRNewswire/ –.
August 8, 2013 By
In a somewhat surprising move, China’s two leading travel portals Ctrip and Qunar have decided they can forge a strategic partnerships.
The deal is only aimed at boosting the vacation product sales between the portals, and gaining additional traffic, yet the agreement is interesting for various reasons.
In the past, Ctrip and Qunar have fought legal battles against each other, covering both an infringement lawsuit and a defamation lawsuit.
Read more at http://www.tnooz.com/2013/08/08/news/chinese-detente-travel-giants-ctrip-and-qunar-agree-to-work-together/#yGqcPI8eZk7uwGRA.99
via Chinese détente: Travel giants Ctrip and Qunar agree to work together | Tnooz.