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  1. phil

    • CLSA forecasts in a new report that 200M tourists from Mainland China will travel abroad by 2020, almost double the number that left in 2011.
    • The investment firm sees a rapid increase in spending by Mainland tourists as living standards improve.
    • Though Macau and Hong Kong should see explosive tourism growth, the destination market share of the two cities will decline to 45% from 62% as more Chinese travelers explore new regions, predicts CLSA.
    • Related stocks: MPELMGMWYNNLVSGXYEFSJMHF.



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