Chinese Outbound Investment in US Real Estate Chinese Global Investment Strategy: Diversification China's ambition...
The United States remains the principal place for
Chinese outbound capital with the United States taking approximately USD10 billion of total Chinese inbound investment, of which approximately USD4.37 billion is invested in commercial properties.
According to commercial real estate services firm CBRE,
Chinese outbound capital flows into global commercial real estate markets have exceeded $ 10 billion in a year for the first time ever.
Xiangman is also experienced in assisting foreign inbound investments into China and
Chinese outbound investments in foreign jurisdictions.
Orrick Herrington & Sutcliffe is planning to open in Africa next year in a bid to tap
Chinese outbound investment into the country and bolster its existing African practice, run out of Paris.
For example, Mövenpick Hotels & Resorts has three projects under development in China, while Marriott International Inc unveiled its «Li Yu» welcome programme that features a suite of customised amenities and services tailor - made for
Chinese outbound travellers.
COTTM also runs a comprehensive conference programme alongside the exhibition, which informs and educates about the latest trends in
the Chinese outbound travel industry.
In co-operation with COTRI (
Chinese Outbound Travel Research Institute), COTTM hosts a series of workshops and presentations for all to attend.
The Chinese outbound market is developing at an impressive rate; according to the CNTA (China National Tourism Administration) in 2015 China will be the no. 1 source of tourism in the world.
The continued growth in
Chinese outbound and domestic travel will change the global hospitality industry for ever, reveals the WTM Global Trends Report 2011 released today at World Travel Market
In its new capacity, COTRI will share its rich insights and expertise on
Chinese outbound tourism with the WTTC, as well as joining upcoming conferences and events hosted for industry leaders by the WTTC throughout the world.
Taking place over 3 days, COTTM is a unique business platform for international countries to showcase their destinations and services to the increasingly mobile and expanding
Chinese outbound market.
Today's announcement builds on IHG's existing agreement with Alipay, allowing IHG to further capitalize on the significant increase in
Chinese outbound travel.
In the second session, learn more about the challenges on the development of
the Chinese outbound travel market from destination marketing industry representative Dr Grace Pan, International Director of Tourism and Events Queensland.
From 2001 - 2010, Europe attracted 25 per cent of
all Chinese outbound trips, but the UK did not benefit from this: France got eight times more visitors from China than the UK, and Germany six times more.
A report by Chinese property search portal Juwai.com says
Chinese outbound real estate investment could drop by 20 % this year, report Forbes (31 July 2017).
This is testament to how
the Chinese outbound investment is an ever - fluid market that changes at a rapid pace, as mainland Chinese have increasingly become sophisticated international property buyers who tend to research thoroughly — either by asking for information online and via social media or by asking friends and families for recommendations — before narrowing down their options to decide on their final international property investment destination.
How well prepared are you to welcome this wave of
Chinese outbound travellers, who are highly likely to property hunt while overseas?
Estimates of
Chinese outbound investment over the next decade run as high as $ 2.5 trillion, a rich source of advisory fees in the United States.
«Rather than bringing in more foreigners to China, local governments are subsidizing
Chinese outbound travel, with little positive economic impact on local economies.»
Not exact matches
Last week, a report from the China Tourism Academy and Ctrip said they expected the number of
outbound Chinese travelers this year to reach a new record of 6.5 million.
Even though only about 6 percent of
Chinese people have a passport, China has become the world's largest
outbound tourist market, with more than 135 million departures a year — and Angkor Wat is an easy two - or three - hour flight from many cities in China.
«The
Chinese are travelling more and more both inside of China and increasingly
outbound,» Nassetta said, adding that the strongest growth comes from the mid-market segment.
Blecharczyk said Airbnb's competitive advantage was that it could provide
outbound Chinese travelers with a broad range of accommodation options in most countries to which they choose to travel.
Chunshek Chan, global head of M&A Research, Dealogic, said excluding the Syngenta deal in 2016 -
Chinese companies are on a similar pace or even better for
outbound deals in 2017.
In a circular issued last week with advice to
outbound travelers, the
Chinese tourism academy reminded tourists to «be mindful of civilized travel.»
«In just the past year alone,
outbound travel from
Chinese guests through Airbnb has grown 700 percent,» the company said in an August blog post.
According to the
Chinese Ministry of Commerce, China's
outbound investment has soared in the last decade.
Contrary to conventional wisdom, the greatest obstacle to
outbound Chinese FDI is not protectionism or discrimination, but the dearth of local knowledge, management skills, and sophistication among
Chinese investors.
The forces behind
outbound Chinese FDI are nearly identical with those that lured Japanese investors overseas three decades ago.
Now, a March report by the World Travel & Tourism Council (WTTC) found that in 2015,
outbound Chinese travelers shelled out a massive $ 215 billion overseas, representing an increase of 53 percent from the previous year.
Over the next five years, this nation alone will import US $ 8 trillion worth of goods, attract $ 600 billion of foreign investment, make $ 750 billion in
outbound investment, and send
Chinese tourists on 700 million overseas visits.
And just last year,
Chinese travelers spent more than US $ 260 billion on trips abroad, a new record for
outbound tourism.
In late November, China's foreign exchange agency released a three - line statement saying it was set to increase its scrutiny of
outbound merger and acquisition (M&A) transactions in an attempt to combat «fake deals», which are put together simply to move renminbi offshore to avoid an anticipated depreciation in the
Chinese currency.
A recent Juwai survey also revealed Canada continued popularity, scoring as the third most favoured country for
outbound Chinese to buy a home in while holidaying abroad this year, just behind the US and Australia.
Chinese investments in the US, however, are already down 67 % in the first three quarters of 2017 compared to 2016, according to Daniel Rosen of the Rhodium Group — a decline driven by
Chinese restrictions on
outbound M&A and by the new US political landscape.
According to Yu Kai, General Manager of Tencent Real Estate, Tencent had noted the rising demand for property abroad driven by the surge of
outbound Chinese travellers and students, as well as the growth of China's export - oriented economy.
The Missed Opportunity: China's Neglected Internal Travellers While
outbound Chinese tourists attract the most attention, holidaymakers shopping inside China are a consumer market that is growing too.
From Chengdu to Beijing and everywhere in between, over nine million
Chinese are logging on to the Internet, much to the chagrin of mainland authorities, who are scrambling to find ways to control all inbound and
outbound traffic on the information superhighway.
The yuan's weakness threatens to erode
outbound Chinese travel, which is the fastest - growing overseas source market for U.S. travel spending.
As the highlight of IFCOT2015, the China Quality
Outbound Tourism Exchange (QOTE) will be organised to provide a professional, effective, one - to - one business cooperation and exchange platform for overseas quality suppliers and
Chinese travel buyers.
As the highlight of IFCOT2015, China Quality
Outbound Tourism Exchange (QOTE) will be organized aiming to provide a professional, effective, one to one business cooperation and exchange platform for overseas quality suppliers and
Chinese travel buyers.
Last year, out of 130
outbound Chinese tourists, Indonesia only received 2.4 million.»
Given the growing importance and great potential of the China
outbound travel market, IHG is capitalising on over three decades of operating experience in China to launch «Zhou Dao», a tailor - made programme designed to prepare its hotels to welcome
Chinese travellers with a home - away - from - home experience.
With 160 operating properties and 30 % of its global pipeline in China, IHG recognized the need to directly connect its central reservations system (CRS) to China's largest travel portal allowing online booking of its properties for both
outbound and inbound
Chinese travelers.
In 2011,
Chinese travelers took more than 20 million
outbound trips.
In the «The
Chinese Luxury Traveler Report 2012» the China
Outbound Tourism Research Institute (COTRI) said that China's luxury travel consumers were 70 % male with the majority coming from Shanghai, Beijing and urban centres in eastern China.
Delegates will have the opportunity to hear from top executives of the largest tour operators both in China and worldwide, discussing the
Chinese inbound and
outbound markets.
With 62 million
outbound trips forecast by 2015, hotels that cater to
Chinese tastes will stand out from the crowd.»
Simon Press, senior exhibition director, ATM, said: «The
outbound Chinese market represents a vast, untapped pool of affluent and adventurous travellers and the GCC has been a destination of choice for years.