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<channel>
	<title>China Hotel and Tourism News</title>
	<link>http://www.chinaeconomicreview.com/hotels</link>
	<description>China Economic Review's Hotel and Tourism News and Updates</description>
	<pubDate>Thu, 08 May 2008 18:33:06 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.3.3</generator>
	<language>en</language>
			<item>
		<title>Five Star Plaza hotel in Zhuhai</title>
		<link>http://www.chinaeconomicreview.com/hotels/2008/05/09/five-star-plaza-hotel-in-zhuhai/</link>
		<comments>http://www.chinaeconomicreview.com/hotels/2008/05/09/five-star-plaza-hotel-in-zhuhai/#comments</comments>
		<pubDate>Thu, 08 May 2008 18:29:24 +0000</pubDate>
		<dc:creator>Gareth Powell</dc:creator>
		
		<category><![CDATA[Lexington]]></category>

		<category><![CDATA[Luxury hotels]]></category>

		<category><![CDATA[tourist attraction]]></category>

		<guid isPermaLink="false">http://www.chinaeconomicreview.com/hotels/2008/05/09/five-star-plaza-hotel-in-zhuhai/</guid>
		<description><![CDATA[The Lexington Collection of Hotels, Plaza Hotels, and Resorts Worldwide has opened the Lexington Plaza Zhuhai Zobon Hotel. The Lexington Plaza Zhuhai Zobon Hotel starts life with a five star rating by the Chinese National Tourism Bureau.
Located in Middle Lover’s Road — that appears to be a literal translation —  in Zhuai province, the [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.chinaeconomicreview.com/hotels/?pp_album=main&amp;pp_cat=default&amp;pp_image=hotels_zhuhai_shobon_swimming_pool.jpg" title="hotels zhuhai shobon swimming pool"><img src="http://www.chinaeconomicreview.com/hotels/wp-content/photos/hotels_zhuhai_shobon_swimming_pool.jpg" class="alignright" alt="hotels zhuhai shobon swimming pool" width="154" height="243" /></a>The Lexington Collection of Hotels, Plaza Hotels, and Resorts Worldwide has opened the Lexington Plaza Zhuhai Zobon Hotel. The Lexington Plaza Zhuhai Zobon Hotel starts life with a five star rating by the Chinese National Tourism Bureau.</p>
<blockquote><p><strong>Located in Middle Lover’s Road — that appears to be a literal translation —  in Zhuai province, the new hotel has 157 rooms.<br />
</strong></p></blockquote>
<p>It is unique with a black façade, which represents the contemporary architectural style of the region. It covers 16,000 square meters of prime real estate and has a 12-story structure and annex. There is, but of course, a health club and a beautiful indoor swimming pool.</p>
<p>The Lexington Plaza Zhuhai Zobon Hotel is a two-minute drive to Jiuzhou Port and 45 minutes to Zhuhai Airport, an hour from Hong Kong and Shenzhen and ten minutes to the island of Macau by ferry.<br />
Source: <a href="http://www.hotelexecutive.com/newswire/pub/_29318.asp" title="Hotel Executive" target="_blank">Hotel Executive </a></p>

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		<title>Americans to China a record but nowhere near world league</title>
		<link>http://www.chinaeconomicreview.com/hotels/2008/05/08/americans-to-china-a-record-but-nowhere-near-world-league/</link>
		<comments>http://www.chinaeconomicreview.com/hotels/2008/05/08/americans-to-china-a-record-but-nowhere-near-world-league/#comments</comments>
		<pubDate>Wed, 07 May 2008 16:25:23 +0000</pubDate>
		<dc:creator>Gareth Powell</dc:creator>
		
		<category><![CDATA[Hotels]]></category>

		<category><![CDATA[international travel]]></category>

		<category><![CDATA[inward tourism]]></category>

		<guid isPermaLink="false">http://www.chinaeconomicreview.com/hotels/2008/05/08/americans-to-china-a-record-but-nowhere-near-world-league/</guid>
		<description><![CDATA[A survey of American travelers by AAA and GlobalInsight has some interesting findings.
China and India may see larger jumps in American visitors this summer than any other country. China may see a 13% increase, to 573,000 American visitors.
Travel to Canada and Mexico will be about the same this summer as last.
Travel to Italy should be [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.chinaeconomicreview.com/hotels/?pp_album=main&amp;pp_cat=default&amp;pp_image=travel_tour_group.jpg" title="travel tour group"><img src="http://www.chinaeconomicreview.com/hotels/wp-content/photos/travel_tour_group.jpg" class="alignright" alt="travel tour group" width="154" height="259" /></a>A survey of American travelers by AAA and GlobalInsight has some interesting findings.</p>
<blockquote><p><strong>China and India may see larger jumps in American visitors this summer than any other country.</strong> China may see a 13% increase, to 573,000 American visitors.</p></blockquote>
<p><strong>Travel to Canada and Mexico</strong> will be about the same this summer as last.<br />
<strong>Travel to Italy</strong> should be up nearly 5%, to 1.6 million American travelers.<br />
<strong>Travel to France</strong> should jump by nearly 7% to about 1.1 million American travelers.<br />
<strong>Travel to Germany </strong>ought to increase by slightly more than 4%, to 724,000 American travelers.</p>
<p>Which goes to show that although much is made of the China travel boom the facts are it is still a long, long way behind many, more traditional tourist countries.<br />
Source: <a href="Travelhttp://current.newsweek.com/budgettravel/2008/05/americans_will_visit_china_and.html" title="Budget" target="_blank">Budget </a></p>

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		<title>Ctrip goes to the US</title>
		<link>http://www.chinaeconomicreview.com/hotels/2008/05/07/ctrip-goes-to-the-us/</link>
		<comments>http://www.chinaeconomicreview.com/hotels/2008/05/07/ctrip-goes-to-the-us/#comments</comments>
		<pubDate>Tue, 06 May 2008 19:59:08 +0000</pubDate>
		<dc:creator>Gareth Powell</dc:creator>
		
		<category><![CDATA[CTrip]]></category>

		<category><![CDATA[Expedia]]></category>

		<guid isPermaLink="false">http://www.chinaeconomicreview.com/hotels/2008/05/07/ctrip-goes-to-the-us/</guid>
		<description><![CDATA[Ctrip, China&#8217;s leading online travel agency has entered the US market.
With more than 19 million registered users, Ctrip processed more than 9 million hotel room nights and 10 million air tickets in 2007. However, more and more English-speaking leisure and business travelers are on the site making enhanced English-language services and amenities a necessity to [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.chinaeconomicreview.com/hotels/?pp_album=main&amp;pp_cat=default&amp;pp_image=travel_chinese_tourist_portugal_1.jpg" title="travel chinese tourist portugal 1"><img src="http://www.chinaeconomicreview.com/hotels/wp-content/photos/travel_chinese_tourist_portugal_1.jpg" class="alignright" alt="travel chinese tourist portugal 1" width="154" height="247" /></a>Ctrip, China&#8217;s leading online travel agency has entered the US market.</p>
<blockquote><p><strong>With more than 19 million registered users, Ctrip processed more than 9 million hotel room nights and 10 million air tickets in 2007. However, more and more English-speaking leisure and business travelers are on the site making enhanced English-language services and amenities a necessity to facilitate China travel and booking.<br />
</strong></p></blockquote>
<p>Ctrip limits itself to its strong point, the China travel business from the US, worth more than $150 billion in 2007. At the same time, Expedia is entering the China market. That is going to be an interesting battle, since Expedia has a strong international brand name, but Ctrip seems almost unbeatable on the China business.<br />
Source: <a href="http://www.chinaherald.net/" title="China Herald" target="_blank">China Herald </a></p>

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		<title>Overseas travelers&#8217; average budget $3,000</title>
		<link>http://www.chinaeconomicreview.com/hotels/2008/05/07/overseas-travelers-average-budget-3000/</link>
		<comments>http://www.chinaeconomicreview.com/hotels/2008/05/07/overseas-travelers-average-budget-3000/#comments</comments>
		<pubDate>Tue, 06 May 2008 19:34:24 +0000</pubDate>
		<dc:creator>Gareth Powell</dc:creator>
		
		<category><![CDATA[outbound tourism]]></category>

		<category><![CDATA[tourism]]></category>

		<guid isPermaLink="false">http://www.chinaeconomicreview.com/hotels/2008/05/07/overseas-travelers-average-budget-3000/</guid>
		<description><![CDATA[According to the Nielsen China Outbound Travel Monitor report Chinese travelers spend $2,597 to $3,506 on overseas trips, with the amount varying by region. That is serious money.
According to Neilsen, for those who hail from southern China, the average expenditure is at the bottom of the range, and only 10% opt for five-star hotels, compared [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.chinaeconomicreview.com/hotels/?pp_album=main&amp;pp_cat=default&amp;pp_image=hotels_tourists550.jpg" title="hotels tourists550"><img src="http://www.chinaeconomicreview.com/hotels/wp-content/photos/hotels_tourists550.jpg" class="alignright" alt="hotels tourists550" width="154" height="198" /></a>According to the<em> Nielsen China Outbound Travel Monitor </em>report Chinese travelers spend $2,597 to $3,506 on overseas trips, with the amount varying by region. That is serious money.</p>
<p>According to Neilsen, for those who hail from southern China, the average expenditure is at the bottom of the range, and only 10% opt for five-star hotels, compared with a national average of 12%.</p>
<p>But they travel more frequently than residents of other regions, averaging almost three trips a year, according to the survey that covered Beijing, Shanghai, Guangzhou and 23 other cities.</p>
<p>People from other parts of China travel less often but are willing to spend more when they do.</p>
<blockquote><p><strong> Travelers from north China (including Beijing) spend the most, with an average of $3,506 per trip. More than 20% of travelers from eastern China (including Shanghai) choose five-star hotels.<br />
</strong></p></blockquote>
<p>Grace Pan, head of travel and leisure research at Nielsen said, &#8216;With the rapid growth of the Chinese economy, the China outbound travel market is expanding.&#8217;<br />
Source: <a href="http://news.xinhuanet.com/english/2008-05/03/content_8095892.htm" title="China View" target="_blank">China View </a></p>

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		<title>Switzerland comes to Shenzhen</title>
		<link>http://www.chinaeconomicreview.com/hotels/2008/05/06/switzerland-comes-to-shenzhen/</link>
		<comments>http://www.chinaeconomicreview.com/hotels/2008/05/06/switzerland-comes-to-shenzhen/#comments</comments>
		<pubDate>Mon, 05 May 2008 19:52:21 +0000</pubDate>
		<dc:creator>Gareth Powell</dc:creator>
		
		<category><![CDATA[General]]></category>

		<category><![CDATA[Shenzen]]></category>

		<category><![CDATA[golf]]></category>

		<guid isPermaLink="false">http://www.chinaeconomicreview.com/hotels/2008/05/06/switzerland-comes-to-shenzhen/</guid>
		<description><![CDATA[The Interlaken OCT Hotel provides an European–style five star experience within Interlaken Village in the eastern part of Shenzhen. Situated in a panoramic position between lovely lakes and forest, the area enjoys a mild and stable climate throughout the year. Visually the hotel is quite stunning. You need to go to the Internet site to [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.chinaeconomicreview.com/hotels/?pp_album=main&amp;pp_cat=default&amp;pp_image=hotels_golf_package.jpg" title="hotels golf package"><img src="http://www.chinaeconomicreview.com/hotels/wp-content/photos/hotels_golf_package.jpg" class="alignright" alt="hotels golf package" width="154" height="196" /></a>The Interlaken OCT Hotel provides an European–style five star experience within Interlaken Village in the eastern part of Shenzhen. Situated in a panoramic position between lovely lakes and forest, the area enjoys a mild and stable climate throughout the year. Visually the hotel is quite stunning. You need to go to the Internet site to get the full effect.</p>
<p><a href="http://www.chinaeconomicreview.com/hotels/?pp_album=main&amp;pp_cat=default&amp;pp_image=hotels_golf_package_2.jpg" title="hotels golf package 2"><img src="http://www.chinaeconomicreview.com/hotels/wp-content/photos/hotels_golf_package_2.jpg" class="alignleft" alt="hotels golf package 2" width="160" height="241" /></a><strong>Now the hotel has a golf promotion package.</strong></p>
<p>There are two rates: the three townhouses work ona base price of RMB2368 per room. Then there are nine pool villas at RMB3368 a room as the base price.</p>
<p>On these packages you get all sort of goodies thrown in including daily admission to the Theme Park use of the spa (massage is an extra) and breakfast.</p>
<blockquote><p><strong>The hotel is built very much in the European style and some of the interiors are quite stunning. There is even 24-hour personalized butler services.</strong></p></blockquote>
<p>Worth visiting the site just for the pictures which are amazing.<br />
Source: <a href="http://wwww.interlakenocthotel.com" title="Interlaken" target="_blank">Interlaken Hotel </a></p>

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		<title>Otis to build ultra-fast, ultra-tall elevators</title>
		<link>http://www.chinaeconomicreview.com/hotels/2008/05/05/otis-to-build-ultra-fast-ultra-tall-elevators/</link>
		<comments>http://www.chinaeconomicreview.com/hotels/2008/05/05/otis-to-build-ultra-fast-ultra-tall-elevators/#comments</comments>
		<pubDate>Sun, 04 May 2008 17:26:09 +0000</pubDate>
		<dc:creator>Gareth Powell</dc:creator>
		
		<category><![CDATA[General]]></category>

		<category><![CDATA[Guangzhou]]></category>

		<category><![CDATA[Hotels]]></category>

		<category><![CDATA[Luxury hotels]]></category>

		<guid isPermaLink="false">http://www.chinaeconomicreview.com/hotels/2008/05/05/otis-to-build-ultra-fast-ultra-tall-elevators/</guid>
		<description><![CDATA[Otis, probably the most famous elevator company in the world, has won a $23 million contract to provide high-speed elevators at China’s Guangzhou International Financial Center, a hotel and office  building that will be among the tallest in the world.
Otis will install a mix of its &#8216;Skyway&#8217; double-deck elevators with speeds up to 1,378 [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.chinaeconomicreview.com/hotels/?pp_album=main&amp;pp_cat=default&amp;pp_image=hotels_otis_elevator.jpg" title="hotels otis elevator"><img src="http://www.chinaeconomicreview.com/hotels/wp-content/photos/hotels_otis_elevator.jpg" class="alignright" alt="hotels otis elevator" width="150" height="285" /></a>Otis, probably the most famous elevator company in the world, has won a $23 million contract to provide high-speed elevators at China’s Guangzhou International Financial Center, a hotel and office  building that will be among the tallest in the world.</p>
<p>Otis will install a mix of its &#8216;Skyway&#8217; double-deck elevators with speeds up to 1,378 feet per minute, and its &#8216;Elevonic&#8217; high-speed gearless elevators capable of up to 1,575 feet per minute<strong><br />
</strong></p>
<blockquote><p><strong>When completed for the 2010 Asia Games in Guangzhou, China, the tower will reach a height of 1,417 feet and be among the tallest buildings in the world. The 103-story building is designed for offices on lower floors with the luxury hotel, as yet unnamed,  above the 70th floor for a luxury hotel.</strong></p></blockquote>
<p>Otis bills itself as the world’s largest manufacturer and maintainer of &#8216;people-moving products&#8217; including elevators, escalators, and moving walkways.</p>
<p>Elisha Graves Otis, as seen in our splendid illustration, sold his first safety elevators in 1853. Otis&#8217;s invention increased public confidence in elevators, and therefore allowed for the mass construction of a new trend of building: the skyscraper.</p>
<p>The company pioneered the development of the safety elevator, invented by Otis, which used a special mechanism to lock the elevator car in place should the hoisting ropes fail.</p>
<p>Otis made skyscrapers possible by providing safe mechanical transport to upper floors. The company he founded became known as the Otis Elevator Company, the largest elevator company in the world.<br />
Source: <a href="http://www.hartfordbusiness.com/news5286.html" title="Hartford Business" target="_blank">Hartford Business </a></p>

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		<title>In Central China tourism gallops on</title>
		<link>http://www.chinaeconomicreview.com/hotels/2008/05/02/in-central-china-tourism-gallops-on/</link>
		<comments>http://www.chinaeconomicreview.com/hotels/2008/05/02/in-central-china-tourism-gallops-on/#comments</comments>
		<pubDate>Thu, 01 May 2008 20:20:47 +0000</pubDate>
		<dc:creator>Gareth Powell</dc:creator>
		
		<category><![CDATA[Anhui]]></category>

		<category><![CDATA[Hunan]]></category>

		<guid isPermaLink="false">http://www.chinaeconomicreview.com/hotels/2008/05/02/in-central-china-tourism-gallops-on/</guid>
		<description><![CDATA[In the six provinces of Central China the tourism industry has shown a continuing momentum of rapid growth.
According to the information from the 4th Central China Travel Expo (CCTE) the average annual growth of tourism income and the total number of tourists received in the six provinces reached 20% which is higher than the GDP [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.chinaeconomicreview.com/hotels/?pp_album=main&amp;pp_cat=default&amp;pp_image=tourism_Shanxi.jpg" title="tourism Shanxi"><img src="http://www.chinaeconomicreview.com/hotels/wp-content/photos/tourism_Shanxi.jpg" class="alignright" alt="tourism Shanxi" width="154" height="225" /></a>In the six provinces of Central China the tourism industry has shown a continuing momentum of rapid growth.</p>
<p>According to the information from the 4th Central China Travel Expo (CCTE) the average annual growth of tourism income and the total number of tourists received in the six provinces reached 20% which is higher than the GDP growth rate and the average growth level of China&#8217;s tourism industry.</p>
<blockquote><p><strong>In 2007, the six provinces, Shanxi (shown in our illustration), Jiangxi, Henan, Anhui, Hubei, Hunan received a total of 599 million domestic and foreign tourists.</strong></p></blockquote>
<blockquote><p><strong>This gave a reported total tourism income of RMB434.638 billion, up 28.88% on the previous year.</p>
<p>The number of foreign tourists reached 5.5955 million which was up 25.82% over the previous year.</strong></p></blockquote>
<p>RMB1 billion has been invested into the tour destinations, resorts, hotels and also an Expo venue construction in the six provinces.<br />
Source: <a href="http://english.people.com.cn/90001/90776/6400470.html" title="English People's Daily" target="_blank">English People&#8217;s Daily Online </a></p>

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		<title>Maritim Hotels to open its first 5-star hotel in China</title>
		<link>http://www.chinaeconomicreview.com/hotels/2008/05/01/maritim-hotels-to-open-its-first-5-star-hotel-in-china/</link>
		<comments>http://www.chinaeconomicreview.com/hotels/2008/05/01/maritim-hotels-to-open-its-first-5-star-hotel-in-china/#comments</comments>
		<pubDate>Wed, 30 Apr 2008 20:23:49 +0000</pubDate>
		<dc:creator>Gareth Powell</dc:creator>
		
		<category><![CDATA[MICE]]></category>

		<guid isPermaLink="false">http://www.chinaeconomicreview.com/hotels/2008/05/01/maritim-hotels-to-open-its-first-5-star-hotel-in-china/</guid>
		<description><![CDATA[German based Maritim Hotels, the international group which specializes in MICE with the motto: &#8216;conference and accommodation under one roof&#8217; will have a soft opening of its first hotel in Beijing in summer 2008.
Maritim Hotel U-Town Beijing is located near east second ring road, next to Chaoyangmenwai Dajie, in Beijing&#8217;s commercial district, and just a [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.chinaeconomicreview.com/hotels/?pp_album=main&amp;pp_cat=default&amp;pp_image=maritim_hotel_cologne.jpg" title="maritim hotel cologne"><img src="http://www.chinaeconomicreview.com/hotels/wp-content/photos/maritim_hotel_cologne.jpg" class="alignright" alt="maritim hotel cologne" width="154" height="254" /></a>German based Maritim Hotels, the international group which specializes in MICE with the motto: &#8216;conference and accommodation under one roof&#8217; will have a soft opening of its first hotel in Beijing in summer 2008.</p>
<blockquote><p><strong>Maritim Hotel U-Town Beijing is located near east second ring road, next to Chaoyangmenwai Dajie, in Beijing&#8217;s commercial district, and just a 30-minutes drive away from the airport. </strong></p></blockquote>
<p>The hotel has 362 guest rooms and suites, including three  floors of the Executive Club Rooms, poolside café and snack bar. Food and beverage include a German Restaurant — lederhosen an optional extra — and an all-day international dining restaurant.</p>
<blockquote><p><strong>Facilities for the meetings and events market include a ballroom/banquet hall for up to 1,000 guests plus a modern Business Center.<br />
</strong></p></blockquote>
<p>The new hotel is the focal point of a shopping complex and luxury apartments. Scheduled to open in July, the 20 storey residence will provide over 280 rooms.</p>
<p><em>Our illustration of the Maritim Hotel in Cologne gives you a rough idea what to expect in the way of standards.<br />
</em>Source: <a href="http://www.chinanewswire.com/pr/20080429115243276" title="China Newswire" target="_blank">China NewsWire </a></p>

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		<title>Taiwan mixed about prospect of more tourists from China</title>
		<link>http://www.chinaeconomicreview.com/hotels/2008/04/30/taiwan-mixed-about-prospect-of-more-tourists-from-china/</link>
		<comments>http://www.chinaeconomicreview.com/hotels/2008/04/30/taiwan-mixed-about-prospect-of-more-tourists-from-china/#comments</comments>
		<pubDate>Wed, 30 Apr 2008 04:03:38 +0000</pubDate>
		<dc:creator>Gareth Powell</dc:creator>
		
		<category><![CDATA[international travel]]></category>

		<category><![CDATA[tourism]]></category>

		<category><![CDATA[tourist attraction]]></category>

		<category><![CDATA[tourist promotion]]></category>

		<guid isPermaLink="false">http://www.chinaeconomicreview.com/hotels/2008/04/30/taiwan-mixed-about-prospect-of-more-tourists-from-china/</guid>
		<description><![CDATA[It seems likely that with the easing of tensions between the mainland and Taiwan then we can look forward to something of a tourist boom. Hoteliers and guides and restaurants plainly think this is a good thing.
However, the prospect of a mainland tourist invasion has not been view throughout with unalloyed delight.

 Skeptics say only [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.chinaeconomicreview.com/hotels/?pp_album=main&amp;pp_cat=default&amp;pp_image=tourism_Ma_Ying_jeou.JPG" title="tourism Ma Ying jeou"><img src="http://www.chinaeconomicreview.com/hotels/wp-content/photos/tourism_Ma_Ying_jeou.JPG" class="alignright" alt="tourism Ma Ying jeou" width="154" height="271" /></a>It seems likely that with the easing of tensions between the mainland and Taiwan then we can look forward to something of a tourist boom. Hoteliers and guides and restaurants plainly think this is a good thing.</p>
<blockquote><p><span style="font-weight: bold">However, the prospect of a mainland tourist invasion has not been view throughout with unalloyed delight.</span><br />
<span style="font-weight: bold"></span></p></blockquote>
<p><span style="font-weight: bold"> </span>Skeptics say only a few privileged businesses would benefit, and that the island&#8217;s scenic spots could be spoiled by greedy developers and a tourist stampede.</p>
<p>Long off-limits to the mainland Taiwan is now popular among mainland tourists for its scenery, preservation of Chinese tradition and for historical sites.</p>
<p>Chinese tourists were first officially admitted to Taiwan in 2002. But visits are capped at 1,000 a day, and tourists must travel to the island via third locations because of restrictions on direct cross-strait flights.</p>
<p style="margin-left: 40px"><span style="font-weight: bold">If Ma Ying-jeou, the president-elect, (seen looking dashing in our illustration) has his way, that will change.</span></p>
<p>Ma, who takes office on May 20, has promised to reach an agreement on more Chinese tourists and weekend cross-strait charter flights by early July, expanding to weekday charters by the end of the year and regularly scheduled flights by summer 2009. All this is part of his election pledge to stimulate the island&#8217;s laggard economy with closer cross-strait economic ties.</p>
<p>Under the plan, the cap would be tripled to 3,000 Chinese tourists a day, or more than 1 million per year. Last year, 320,169 mainlanders visited Taiwan, only 81,900 of whom officially came as tourists. The rest were listed as business travelers or &#8216;others.&#8217;</p>
<p style="margin-left: 40px"><span style="font-weight: bold">In a few years, Ma hopes, the cap could rise to 10,000 tourist visits per day.</span></p>
<p>Tourist revenues will have benefits throughout the economy, he says, especially helping lower- and middle-income Taiwanese in the service sector.</p>
<p>The investment bank CLSA estimates that if 1 million Chinese tourists visit Taiwan each year they will spend $1.3 billion, and help boost GDP by up to 1.4% of 2007 levels.</p>
<p>Not everyone has such a rosy view. Some point out that the economic benefits will not be spread around, because Chinese tend to travel to Taiwan in regimented tour groups that only stop at contracted businesses.<br />
Source: <a href="http://www.chinanewswire.com/pr/20080429115243276" title="NewsWire" target="_blank">NewsWire </a></p>

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		<title>Renminbi&#8217;s rise to boost outbound tourism</title>
		<link>http://www.chinaeconomicreview.com/hotels/2008/04/29/renminbis-rise-to-boost-outbound-tourism/</link>
		<comments>http://www.chinaeconomicreview.com/hotels/2008/04/29/renminbis-rise-to-boost-outbound-tourism/#comments</comments>
		<pubDate>Tue, 29 Apr 2008 01:43:40 +0000</pubDate>
		<dc:creator>Gareth Powell</dc:creator>
		
		<category><![CDATA[Hong Kong]]></category>

		<category><![CDATA[international travel]]></category>

		<category><![CDATA[outbound tourism]]></category>

		<guid isPermaLink="false">http://www.chinaeconomicreview.com/hotels/2008/04/29/renminbis-rise-to-boost-outbound-tourism/</guid>
		<description><![CDATA[More Chinese tourists are expected to travel to overseas destinations such as Hong Kong with the appreciation of the RMB against the US dollar. For Chinese travelers, it means stronger purchasing power in the United States and other countries and regions that use US dollars or peg their currencies to it.
Since Chinese tour groups are [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.chinaeconomicreview.com/hotels/?pp_album=main&amp;pp_cat=default&amp;pp_image=travel_Hong_Kong_1.jpg" title="travel Hong Kong 1"><img src="http://www.chinaeconomicreview.com/hotels/wp-content/photos/travel_Hong_Kong_1.jpg" class="alignright" alt="travel Hong Kong 1" width="130" height="244" /></a>More Chinese tourists are expected to travel to overseas destinations such as Hong Kong with the appreciation of the RMB against the US dollar. For Chinese travelers, it means stronger purchasing power in the United States and other countries and regions that use US dollars or peg their currencies to it.</p>
<blockquote><p><strong>Since Chinese tour groups are still unable to organize trips to the US, it is destinations such as Hong Kong, with its currency pegged to the US dollar, that attract tourists from the Chinese mainland.</strong></p></blockquote>
<p>Guo Guang, manager with ctrip.com, an online travel service, said, &#8216;More people have called to inquire about our Hong Kong tour packages than usual.&#8217;</p>
<blockquote><p><strong>So far, the number of customers who purchased Hong Kong tour products from ctrip.com has increased by 70% year-on-year.</strong></p></blockquote>
<p>But outbound travel is not being seriously driven by the rise and rise of the renminbi. Dun Jidong, marketing director of the China Travel Service&#8217;s overseas tourism department, said, &#8216;The current yuan appreciation can only serve as an auxiliary factor to the booming outbound tourism market. If it is to prompt much more people to travel overseas, the appreciation has to be so significant that it leads to a huge drop in the price of outbound tour products.&#8217;<br />
Source: <a target="_blank" href="http://english.mofcom.gov.cn/aarticle/counselorsreport/asiareport/200804/20080405500992.html" title="China Daily">China Daily </a></p>

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