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Interesting read on how the chinese are so rich that they are dramatically changing the way the whole world panders to them via the tourism industry. I think its mostly good news as they more they get out and see the real world the more educated they are. Also we need their money!
Some key points:
China already accounts for more than a fifth of the money spent by outbound tourists, twice as much as the next-biggest spender, the U.S.
And the Chinese have barely started - only around 5 percent of them even have passports, and the government is issuing about 10 million new travel documents every year.
The emerging nations of Asia-Pacific will add more than 50 million new outbound travellers in the five years ending in 2021.
The shift is transforming the region, unleashing more than $US100 billion in infrastructure spending for bigger airports and jet fleets, new railways, hotels and theme parks.
The effects of this boom include soaring property prices, stress on the environment and an avalanche of apps and innovations that reimagine the way we experience the world.
By 2021, Chinese tourists will spend $US429 billion abroad
At least 178 new airports are planned in Asia-Pacific
http://www.traveller.com.au/chinese...ese-tourists-are-taking-over-the-world-h0vx5z
Some key points:
China already accounts for more than a fifth of the money spent by outbound tourists, twice as much as the next-biggest spender, the U.S.
And the Chinese have barely started - only around 5 percent of them even have passports, and the government is issuing about 10 million new travel documents every year.
The emerging nations of Asia-Pacific will add more than 50 million new outbound travellers in the five years ending in 2021.
The shift is transforming the region, unleashing more than $US100 billion in infrastructure spending for bigger airports and jet fleets, new railways, hotels and theme parks.
The effects of this boom include soaring property prices, stress on the environment and an avalanche of apps and innovations that reimagine the way we experience the world.
By 2021, Chinese tourists will spend $US429 billion abroad
At least 178 new airports are planned in Asia-Pacific
http://www.traveller.com.au/chinese...ese-tourists-are-taking-over-the-world-h0vx5z