Bericht Freitag 31st Januar 2014

Journeys to the west

The classic Ming Dynasty novel “Journey to the West” tells the tale of Xuanzang, a Chinese monk trekking to India to study Buddhist scriptures alongside a colourful collection of magical characters. Nearly 1,400 years after Xuanzang’s journey, the world’s most populous nation is again on-the-move.

The number of outbound Chinese travellers has been rapidly growing, with trips set to exceed 100 million for the first time in 2014, then double to 200 million over the next five years as China’s rising middle class emulates Xuanzang’s example in seeking enlightenment and adventure abroad (plus, perhaps, just a bit of shopping). Growing passenger numbers and high “per pax” spending (in the top five of all nationalities) have rocketed the Chinese to the top of the league tables for total travel retail spending. Consequently, the rise of the outbound Chinese traveller has been one of the most exciting stories in international retail over the last several years.

Wichtige Ansprechpartner/-innen

Tim Cook

Tim Cook

Partner

Vorgeschlagene Berichte

Alle Berichte anzeigen

Mittwoch 29th Januar 2025

Private Equity Transactions 2024

Explore sector insights, key highlights from the successful deals we supported across our core specialisms in 2024, and a glimpse into what 2025 holds...
Bericht lesen

Freitag 22nd März 2024

Long Distance Travel Market

A comprehensive market study covering the global long-distance travel market, with a specific focus on long-distance coach and train.
Bericht lesen

Montag 6th November 2023

Building loyalty through paid memberships & subscriptions

An increasing number of travel, leisure, and hospitality businesses are launching paid membership and subscription programmes. Many are finding that giving customers exclusive benefits, rewards,...
Bericht lesen

Dienstag 21st April 2020

Keep calm and play on: The rise of Digital Leisure

Perspectives on the growth of Digital Leisure and the characteristics of a winning model
Bericht lesen

Freitag 22nd März 2019

The OC&C Fundex 2019: How was it for you?

Hospitality & Leisure is a fantastically diverse sector, but one thing unites every single leisure brand out there – the importance of creating a...
Bericht lesen