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.
January 21st, 2014 at 3:47 pm