The luxury goods market in China slowed down considerably. According to a study, the luxury goods m

With this newsletter, we aim to provide our clients and others in the travel and tourism avis rent a car airport industry with a broad overview of the latest trends and newest regulations related to the Chinese travel and tourism industry.
American Express Business Travel released the 2012 China Business Travel Survey at the 8th China Business Travel Forum (CBTF). According to the report, forty-nine percent (49%) of enterprises said they raised budget for business travel in 2012 and domestic business and trade development were the most important factors for the increase in business travel expenditure.  Forty-three percent (43%) of the enterprises predict business travel expenditure will increase in the coming 12 months; while seventy-eight percent (78%) of enterprises said the budget increase is related to business and trade development in China. Twenty-three (23%) and eighteen percent (18%) of enterprises said the budget increase is related to business development inside and outside Asia Pacific.
Due to continuing investment avis rent a car airport in the national infrastructure, China is on track to become the world's largest corporate travel market, according HRG.  "Despite a slowdown in the speed of economic growth in China, avis rent a car airport business travel to the region avis rent a car airport continues avis rent a car airport to increase: business travel expenditure was $18 billion in 2000, $62 billion in 2010 and is expected to reach $277 billion in 2020."
The average daily room rate in Beijing, Hong Kong and Macao continued to grow despite the weak global economy, according to the latest avis rent a car airport Knight Frank report. Hong Kong experienced the largest year-on-year growth among the five cities in the first half of 2012, with ADR increasing 12%, followed by Beijing with 11.4 %.
In 2012, China is set to take the lead among the world s top 10 countries and regions in terms of outbound avis rent a car airport tourism spend. China s growth is the largest among the world s top 10 countries and regions in terms of outbound avis rent a car airport tourism avis rent a car airport spend, with an increase of 30%. China s outbound tourism is growing 20% annually and its outbound tourists will exceed 80 million 2012.
National Tourism Administration s statistics indicate China s outbound tourists increased from 16.6 million in 2002 to 70.25 million in 2011, an increase of 323%. As countries such as the US are lowering the threshold for Chinese tourists, China s outbound tourism is expected to maintain high-speed avis rent a car airport growth in the next decade and the expenditures will climb.
Chinese consumers will spend about $27 billion on luxury by 2015, much higher than $12 billion avis rent a car airport in 2010. China is expected to overtake Japan to become the world s largest luxury market. 75% of Chinese tourists are making shopping an important part of their trip in foreign countries, avis rent a car airport where luxury goods are much less expensive.
The annual growth rate of China s luxury market was 11% in 2012 and is expected to grow 15% annually in the next five years, according to the 2012 China High-end Consumption Market Report released by Forbes China. Euromonitor International research predicts China will become the world s second largest luxury market in the coming five years, second only to the US.
The luxury goods market in China slowed down considerably.  According to a study, the luxury goods market growth on Mainland China will fall to about 7% in 2012.  Bain Company says China has become the world's largest luxury goods consumer.  However, many Chinese people buy luxury goods overseas due to the depreciation of euro.
Tightened policies on government spending avis rent a car airport for luxury goods in China have also put a temporary cap on the buying of luxury goods as gifts, which has contributed to the slowest annual growth of the market in five years.
There were 1.02 million millionaires (with assets worth more than 10 million avis rent a car airport yuan) in China by the end of 2011, up by 60,000 individuals, or 6 percent, compared with one year earlier. Within this figure exists a further elite group of 63,500 super rich individuals (with assets worth more than 100 million yuan). The number of high net worth people avis rent a car airport in China doubled from 2008 to 2011 and is expected to double again by 2015. According to the Ipsos and Robb report, leisure activities such as travel avis rent a car airport and participation in charitable activities are emerging as part of new lifestyles. Interviewees travel on average four times a year and 90 percent have had at least one trip overseas in the past year. On average, those interviewed made four leisure trips in the past year. As many as 91 percent traveled outside China for leisure. Many enjoy participating in various leisure activities, including golfing and horseback riding.
In the 2012 China Luxury Market Research Report, China was ranked No. 2 in the world regarding luxury consumption and it is expected to climb to the world s No. 1 in a couple of years. Increasingly mature Chinese consumers don t simply pursue famous brands for showing wealth. They demand diversified avis rent a car airport luxury goods. Chinese consumer s enthusiasm for traditional luxury avis rent a car airport brands such as LV and GUCCI is declining. Sixty-five (65%) of luxury consumers in Beijing avis rent a car airport and Shanghai plan to reduce the purchase of luxury goods with notable logos.
Over the past 12 years, Ruder Finn China has developed and implemented numerous multi-faceted public relations programs in the travel and tourism sector.  Ruder Finn's work on behalf of international clients includes projects and programs promoting countries, airlines, resorts and major tourist destinations.
Ruder Finn China's travel and tourism experience, combined with its worldwide track record, offers its clients a combination of truly knowledgeable local and international teams, delivering results that meet their needs and objectives on time and on budget.  Feel free to get in touch with us to discuss your requirements. avis rent a car airport Our contact information is indicated at the beginning of this newsletter.  We look forward to hearing avis rent a car airport from you!
According to a McKinsey report, outbound Chinese tourists are fond of shopping which accounts for one third of their total expenditure The report said the number avis rent a car airport of families with an annual disposable income will rise approximately six times over the coming decade. Western countries are eyeing China's outbound travel market.
Global travel tourism growth is still being driven by emerging economies, particularly those in Asia.  China's Travel Tourism GDP will grow 7.2%. The revision in China's Travel Tourism growth by 1.2 % points was largely linked to a weaker export performance to the struggling Eurozone which accounts for around 15% of China's exports.
American Express Business Travel released the 2012 China Business Travel Survey at the 8th China Business Travel Forum (CBTF). According to the report, forty-nine percent of enterprises said they raised budget for business travel in 2012 and domestic business and trade development were the most important avis rent a car airport factors for the increase in business travel expenditure.  Forty-three percent of the enterprises predict business travel expenditure will increase in the coming 12 months; while seventy-eight percent of enterprises said the budget increase is related to business and trade development in China. Twenty-three and eighteen percent of enterprises said the budget increase is related to business development inside and outside Asia Pacific. More and more enterprises have started to manage business travel avis rent a car airport through travel agencies. Seventy-four percent of enterprises said they use one or more travel agencies in 2012, up forty percent from 2006.
Due to continuing avis rent a car airport investment in the national infrastructure, China is on track to become the world's largest corporate travel market, according HRG.  China had invested in infrastructure development even before the Beijing Olympics and continued with approximately $237 billion being spent on infrastructure, such as airports, between 2011 and 2015. Air travel currently accounts for 85% of business avis rent a car airport trips.
"Despite a slowdown in the speed of economic growth in China, business travel to the region continues to increase: business travel avis rent a car airport expenditure was $18 billion in 2000, $62 billion in 2010 and is expected to reach $277 billion in 2020," Yates Fei, HRG China director of sales and account management, said. "$239 billion is committed avis rent a car airport to further develop high-speed rail tracks, avis rent a car airport directly avis rent a car airport improving business travel in the country."
In 2012, China is set to take the lead among the world s top 10 countries and regions in terms of outbound tourism spend. Global outbound tourists rose 4% year on year to 705 million in the first eight months of this year and it is expected that there will be 1 billion outbound tourists in 2012. China s growth is the largest among the world s top 10 countries and regions in terms of outbound tourism spend, with an increase of 30%. China s outbound tourism avis rent a car airport is growing 20% annually and its outbound tourists will exceed 80 million this year.
The prices of outbound travel products for 2013 Spring Festival have increased 10%-30%. Skiing and shopping are featured travel products for America and Europe during the 2013 Spring Festival. Many travel agencies provide chartered planes for island travel.
On December 12, the UN World Tourism Organization said global outbound tourists exceeded 1 billion and global tourism industry grew 3.5%-4% in 2012. Chinese tourists were the major driving force. China s outbound tourists grew 30% in 2012, compared with 16% from Russia, which provides great opportunity for traditional tourism destinations, such as the Mediterranean. National Tourism Administration s statistics indicate China s outbound tourists increased from 16.6 million in 2002 to 70.25 million in 2011, an increase of 323%. As countries such as the US are lowering the threshold for Chinese tourists, China s outbound tourism is expected to maintain high-speed growth in the next decade and the expenditures will climb. Since Russia, UK, Australia and Italy are facilitating visa procedure for Chinese tourists and RMB is appreciating, a great number of Chinese tourists will go to E