Chinese Tax-Free Shopping spend dropped into negative growth falling -24% year-on-year in March 2016 according to last month’s Globe Shopper Report by Global Blue.
China had 109 million outbound tourists who spent a total amount of US$229 billion on shopping in 2015 according to GFK. China was the largest outbound country in the world.
A total number of 220 million Chinese residents will travel overseas with a total spend of $450 billion in 2025 , up from 120 million residents spending $250 billion in 2015 according to Goldman Sachs’ report.
As of 31 December 2015, the number of travel agencies in China reached 27,621 according to China National Tourism Administration.
China’s post-70s and post-80s drive the outbound tourism market during Chinese New Year in 2016 according to lvmama.com. Hainan and the northeastern regions are popular domestic travel destinations. Japan and South Korea are popular outbound destinations during CNY in 2016.
China major luxury hotels were located in relatively advanced regions. Male users accounted for 60.5% and users with monthly income of 5,000 yuan (US$762.8) to 10,000 yuan (US$1525.6) accounted for the bulk. Ctrip and Qunar led China’s online luxury hotel booking market according to Analysys.
China’s travel market reached a total number of of 4.12 billion person-trips in 2015 according to China National Tourism Administration. China’s domestic travel market exceeded 40 million person-trips contributing over 4 trillion yuan (US$0.61 trillion) for China.
China’s outbound free & easy trip market reached 930 billion yuan (US$142.53 billion) with over 80 million person-trips in 2015. China’s domestic free & easy travel market totaled 3 trillion yuan (US$0.46 trillion) with 3.2 billion person-trips in 2015 according to Lvmama.
China online travel market reached 44.88 billion yuan (US$7.00 billion) an increase of 48.1% YoY in 2014. And, China’s online travel market is expected to total 63.06 billion yuan (US$9.84 billion) in 2015, an increase of 40.5% compared to the previous year estimated by iResearch.
Tuniu reported net revenues of 127.5% YoY to 3.0 billion yuan (US$469.4 million) and gross bookings of 122.2% YoY to 4.0 billion yuan (US$621.7 million) in the third quarter of 2015. By providing high-quality products and services to customers, Tuniu expects to generate 1,811.0 million yuan to 1,857.4 million yuan of net revenues which represent […]
China has ushered in an unprecedented wave of overseas travel that outbound tourists exceeded 100 million passengers last year. Chinese tourists to Japan in the year 2015 will exceed 5 million passengers, ranking first in the world.
About 53.6% of Chinese outbound tourists take shopping as primary objectives of free and easy trips in 2015, according to a research of Mafengwo and TouTiao. At least half of their travel budget will be spent on shopping.
The number of Chinese outbound tourists reached 107 million person trips in 2014. More and more travelers tend to travel abroad during the holidays. The total number of China’s tourists is estimated to exceed 4.1 billion person trips in 2015.
With the rising living status, more and more Chinese would like to spend their vacation in foreign countries. In 2014, over 100 million Chinese travelled abroad. Japan, South Korea, the United States and some European countries are popular tourism destinations. According to data from Japan National Tourism Organization, China became the largest country of Japan’s […]
Tmall Global announced on July 28th that it would launch the duty-free shop project in China partnering with Shilla Group and King Power, who are the largest duty-free groups in South Korea and Thailand respectively. The strategic cooperation of the three parties is an innovative model of cross-border e-commerce, and the new shopping model could […]