Property News · November 8, 2016

Mainlanders in quest for unique experience from overseas travel, as shopping loses appeal


The rise of the Chinese consumer has been both fast and of immense scale. In recent years, we have observed, sometimes in awe, this powerful group of spenders enter into overseas markets and swallow up huge amounts of merchandise.
All of this activity has driven their spending – relative to global retail sales growth – to grow quickly. Chinese tourist spending hit a significant US$229 billion in 2015, according to global consultancy GfK. Forecast by Fung Business Intelligence Centre…

Source : South China Morning Post
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