22 Jul '16, 8am

Chinese travelers plan to increase overseas spending: report

Chinese travelers plan to increase overseas spending: report

The Arcade at Peninsula Shanghai Travel is an essential part of life for two-thirds of China’s outbound travelers, according to a report from Hotels.com. The 2015 Chinese International Travel Monitor reveals that even with the economy sputtering, consumers plan to travel more and spend more while traveling than they have in the past. If China’s ballooning affluent and middle classes maintain this behavior, they can offer luxury brands a reprieve from the otherwise tumultuous times. “Interestingly, two-thirds of outbound Chinese travelers consider travel to be an essential part of life – and are prepared to spend nearly a quarter of their income on travel, providing retail operators with enormous growth opportunity,” said Taylor L. Cole, travel expert North America at Hotels.com . “ With travel comes other discretionary spending on retail. “Brands need to remember that Chin...

Full article: https://www.luxurydaily.com/chinese-travelers-plan-to-inc...

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