China extends visa-free policy to 9 more countries — including South Korea

China extends visa-free policy to 9 more countries — including South Korea

From Friday, citizens of nine more countries can enter China without needing a visa to visit. Holders of ordinary passports from eight countries in Europe — Slovakia, Norway, Finland, Denmark, Iceland, Andorra, Monaco and Liechtenstein — as well as South Korea can visit for business or leisure purposes for up to 15 days without needing … Read more

‘Golden Week’ bookings show changes in how Chinese are traveling

‘Golden Week’ bookings show changes in how Chinese are traveling

Outbound travel from China is set to receive a much-anticipated jolt as “Golden Week” bookings show changes in where and why Chinese people are traveling. Buoyed by falling airfares, Chinese travelers are booking more overseas trips for the National Day holiday period, which extends from Oct. 1 to 7, according to Fliggy, a major travel … Read more

More traveling overseas for China’s Golden Week, says Goldman Sachs

More traveling overseas for China’s Golden Week, says Goldman Sachs

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Expectations for China’s National Day Golden Week travel are not that high for domestic travel, but the outlook for international bookings is “rosy and robust,” Simon Cheung, Head of Asia Travel & Leisure Research at Goldman Sachs, told CNBC’s Squawk Box Asia. … Read more

Chinese travelers taking more last-minute trips as economy struggles

Chinese travelers taking more last-minute trips as economy struggles

HAIKOU, CHINA – SEPTEMBER 08: Passengers wait in line to check in at Haikou Meilan International Airport on September 8, 2024 in Haikou, Hainan Province of China. (Photo by Luo Yunfei/China News Service/VCG via Getty Images) Luo Yunfei | China News Service | Getty Images Chinese travelers are taking more last-minute trips as they become … Read more

Chinese shoppers flock to Japan to take advantage of the weak yen

Chinese shoppers flock to Japan to take advantage of the weak yen

Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the heart of Tokyo. It is half past five p.m. on Friday. People flock to Ginza for shopping, dinner and drinking with their friends. Ginza became … Read more

China’s consumers are spending on experiences. Travel stocks to watch

China’s consumers are spending on experiences. Travel stocks to watch

China’s biggest food delivery platform is seeing a trend: more spending on experiences. “More and more consumers are willing to allocate a larger portion of their budget to travel,” Wang Xing, CEO of Hong Kong-listed Meituan , said Thursday during a first-quarter earnings call, according to a FactSet transcript. “Their demand is not only growing, … Read more

Chinese tourists pick cheaper destinations, fueling local spending

Chinese tourists pick cheaper destinations, fueling local spending

A night in China’s Guizhou province at the Cliff Hotel, pictured here, starts around $83, according to Trip.com, which says the hotel was built in 2023 with 34 rooms. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese travelers are increasingly opting for cheaper domestic destinations over foreign tourist spots. Only 14% of high-income households … Read more