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Outbound tourism
Will Beijing’s sabre-rattling affect Chinese travel decisions?
China’s threat to draw up a blacklist of countries targeting gambling is most likely directed at the online industry, though may be enough to deter some travellers even if the government doesn’t follow through with its action.
China to account for 20% of global tourism market by 2030
China is likely to account for 20 percent of the global tourism market by 2030, with the market splitting into three distinct segments, the China Outbound Tourism Institute (Cotri) estimates.
Tourism Malaysia and Tencent to create digital ecosystem
Tourism Malaysia has teamed with China's Tencent Holdings to create a digital tourism ecosystem aimed at helping the Southeast Asian nation gain a greater...
Gaining critical mass
Asia’s gambling industry is heading into 2018 on a firmer footing than it has for several years, with most major markets having chalked up strong growth in 2017, though China and its policies will continue to be the main driver when it comes to performance. Although economies around the region are growing, creating bigger middle classes with greater spending power, China and its huge outbound tourism sector will continue to dominate the region's casino sector and the preferences of its swelling mass market will be key.
Cambodian doors to close as Vietnam opens to locals?
Cambodia’s gambling industry is eyeing moves to open up the market in neighbouring Vietnam with trepidation, though views are mixed on the potential impact. Casinos lining Cambodia’s border with Vietnam have long benefited from traffic from Vietnamese who have been banned from gambling at home. Vietnamese are estimated to spend about $800 million annually gambling overseas, with a large chunk of that funnelled into its neighbor’s casinos.
China’s citizens spent 53 percent more on travel and tourism in 2015; WTTC
Chinese tourists spent 53 percent more on travel and tourism, from $140 billion in 2014 to $215 billion in 2015, says the World Travel...
China outbound tourism to double by 2020; CLSA
Outbound mainland tourist numbers will reach 200 million, double the numbers in 2013, and tourist spend will triple by 2020, according to a survey...