After anti-China and pro-democracy protests, a slowing economy and Xi Jinping's anti-corruption and austerity campaigns have hit HKs tourism and luxury industries.
Wanda chairman Jianlin Wang has bared his ambition to dethrone Walt Disney Co. by achieving 200 million visits and becoming the “world’s largest tourism company”.
To date the New York Wheel has raised over $170 million from 300 Chinese investors hoping for U.S. green cards.
Macao's visitor arrivals in June recorded a 7.6% y-o-y and 11.8% m-o-m decline to 2.24 million, the worst number since September 2012.
Visitor arrivals numbered were up 9% to 177,000 in June, and rose by 7% in the year ending June to 2.99 million, according to Statistics New Zealand.
CNTA pledged a RMB350 million tourism fund for construction, personnel training and souvenir development, as well as international travel fairs and marketing.
Chinese tourists accounted for 16% of all foreign tourists in Russia since the beginning of 2015 with average spending at nearly $2,400 per person.
CTA predicts arrivals of 133 million for this year, up 4%, with total inbound tourism revenue of US$58.3 billion, up 2.8% in the second half of the year.