Report venerdì 31 Gennaio 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.

Contatti chiave

Tim Cook

Tim Cook

Partner

Report suggeriti

Visualizza tutti i report

mercoledì 29 Gennaio 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...
Leggi il report

lunedì 6 Novembre 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,...
Leggi il report

martedì 21 Aprile 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
Leggi il report

venerdì 22 Marzo 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...
Leggi il report

martedì 1 Marzo 2016

Going places

Times have been particularly tough for Travel, Transport and Logistics (TTL) operators, with the profits of leading brands such as Holiday Inn, Hertz and...
Leggi il report