Overseas medical tourism from Chinese with hepatitis C could potentially be worth more than $50 billion, according to a Founder Securities report.
Number of Chinese tourists to the United States is projected to grow by 16% YoY in 2016 and China is expected to rise to No.3 in terms of tourist visits to the US.
Chinese tourists traveling overseas spent lavishly over the previous year, yet the potential for visitors going to China remains to be tapped.
Shanghai Disneyland website temporarily breaks down as customers snap up tickets for the opening day on June 16, and new travel packages and scalpers are spured in the meantime.
China’s switch to consumption-led growth is intensifying and helping to boost industries in Australia with new opportunities in food, tourism and education services.
Shanghai Disney Resort hotels are fully-booked first two weeks of opening and the park tickets are a fifth cheaper than Hong Kong Disneyland.
ANZ projections indicate that China’s middle class by broad definition will reach about 93% of the urban population by 2030 and the rise of China’s middle class will help lift consumption share in GDP to around 50% by 2030 from 36% in 2014.
Chinese travelers are more fascinated by local life and customs abroad, although shopping continued to be an important part of vacations.