Category: Travel/Leisure

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What Does China’s Currency Devaluation Really Mean for Luxury?

August 17, 2015/0/0/

Last week was a tumultuous one for international markets and the luxury industry. China’s unexpected announcement of a “one-off” devaluation of the Renminbi (RMB) — which actually happened twice — stunned markets, with shares falling across the globe. However, it was arguably those in the luxury sector that were hit the hardest, with firms such as LVMH […]

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From Confucius to California: Chinese Explore New Family Planning Options

August 10, 2015/0/0/

In China, traditional family values center on continuation of the family bloodline. According to Confucian philosophy, the worst form of unfilial conduct is a failure to leave behind descendants. During China’s feudal era, a woman’s virtue was often judged solely upon her ability to conceive and give birth. This has changed dramatically over the past […]

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‘Bon Voyage’: Chinese Tourists Take to the Sea

August 3, 2015/0/0/

With the summer season in full swing, those in the retail and tourism sector have already seen the impact of Chinese tourist spending. As Chinese travelers become increasingly sophisticated and seasoned, and venture farther afield, many are setting their sights to the sea and joining cruises. According to a recent report by Agility Research & […]

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Southeast Asia Loses, Turkey Gains as Chinese Tourists Seek New Pastures

July 27, 2015/0/0/

Encouraged by the rising tide of Chinese outbound tourists engulfing Thailand, South Korea, and Japan, Southeast Asian nations have spent heavily to attract what has become the world’s largest-spending outbound tourist bloc. However, with Chinese tourist flows to countries like Malaysia, Indonesia, and the Philippines drying up, Southeast Asia is finding that putting its eggs […]

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What Alibaba’s New “Credit Visa” System Means For Overseas Chinese Travel (and Why Brands Should Care)

July 13, 2015/2/0/

Leveraging the new “credit score” function launched by its online payment company Alipay, last week Chinese e-commerce juggernaut Alibaba announced the beta launch of a new “Credit Visa” service, which could put easy tourist visas within the reach of China’s most high-potential overseas spenders. Designed for overseas-bound travelers (particularly members of Alibaba’s online travel agency, […]

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