How the U.S. Travel Industry Is Adapting to a Growing Wave of Chinese Tourists
Tourists from China now spend more on international travel than tourists from any other country. The U.S. travel industry is slowly learning how to attract them. According to a report released last week by the U.N. World Tourism Organization, Chinese travelers spent $102 billion on international tourism in 2012, 40% more than they spent in 2011. More than 80 million Chinese traveled internationally in 2011, outspending German tourists — the longtime leader in overseas travel spending — for the first time. Those numbers have steadily climbed since 2000, when 10 million Chinese traveled abroad. (MORE: Google Fiber Heading to Austin as Cities Race to Boost Web Speeds) This remarkable growth — largely due to relaxed government restrictions on foreign travel and the rise of a Chinese middle class with disposable income — has forced the U.S. travel industry, from hotels to restaurants to shopping centers, to adapt to this influx of Chinese tourists. The hotel industry has perhaps been ...
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usa
web
westin
york
How the U.S. Travel Industry is Adapting to a Growing Wave of Chinese Tourists
Tourists from China now spend more on international travel than tourists from any other country. The U.S. travel industry is slowly learning how to attract them. According to a report released last week by the United Nations World Tourism Organization (UNWTO), Chinese travelers spent $102 billion on international tourism in 2012, 40% more than they spent in 2011. More than 80 million Chinese traveled internationally in 2011, outspending German tourists – the long-time leader in overseas travel spending – for the first time. Those numbers have steadily climbed since 2000, when 10 million Chinese traveled abroad. (MORE: Report: Google Fiber Coming to Austin as Cities Race to Boost Web Speeds) This remarkable growth – largely due to relaxed government restrictions on foreign travel and the rise of a Chinese middle class with disposable income – has forced the U.S. travel industry, from hotels to restaurants to shopping centers, to adapt to this influx of Chinese tourists. The hotel ...
amenities
asian
austin
bbc
billion
china
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chinese-guest
german
google
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marriott
million
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organization
restrictions
service
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sheraton
starwood
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tourism
tourists
translation
united
unwto
usa
web
westin
york
TNT Express Mail Company to Cut 4,000 Jobs
AMSTERDAM — TNT Express NV, the Dutch-based package delivery company, says it will restructure operations, taking €150 million ($195 million) in charges and cutting 4,000 jobs, or 6 percent of its work force, by the end of 2015. The news comes after a proposed €5.2 billion takeover by United Parcel Services Inc. was blocked by European regulators in January because the combined company would be too dominant in European express mail. At Friday’s close, TNT’s market capitalization had slumped to €3.25 billion. TNT said Monday it will dispose of its Brazilian and Chinese operations. In 2012 the company posted a net loss of €83 million on revenues of €7.33 billion. Former Chief Executive Marie-Christine Lombard departed before the takeover process was complete and CFO Bernard Bot is acting as interim CEO.
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E-Commerce Boosts Tencent's Profit
Chinese online gaming and social-media company Tencent Holdings said its fourth-quarter net profit rose 37% from a year earlier on rising revenue from a number of online services including gaming and sales of virtual products.
chinese
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China Broadcast Shows Up Apple, VW
Chinese state TV targeted Apple and Volkswagen in a report on customer services replete with elaborate sets and a show-capping musical number.
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