China Internet Watch https://www.chinainternetwatch.com China Internet Stats, Trends, Insights Wed, 10 Feb 2021 08:59:12 +0000 en-US hourly 1 https://www.chinainternetwatch.com/wp-content/uploads/cropped-ciw-logo-2019-v1b-80x80.png China Internet Watch https://www.chinainternetwatch.com 32 32 China’s wealthy families exceeded 5 million in 2020; there are their desired brands https://www.chinainternetwatch.com/31683/hurun-wealthy-chinese/ Wed, 10 Feb 2021 03:00:05 +0000 https://www.chinainternetwatch.com/?p=31683

The number of "wealthy families" with at least 6 million yuan (about US$930 thousand) assets in China exceeded 5 million for the first time in 2020, an increase of 1.4% over the previous year, according to Hurun Research Institute.

Beijing is still the area with the most "wealthy families" with assets of at least 6 million yuan, with Guangdong and Shanghai ranking second and third.

For the first time, the number of "wealthy families" exceeded 5 million, an increase of 1.4% over the previous year. The number of "high net worth families" with over 10 million yuan assets increased by 2% over the previous year to 2.02 million.

The number of "super high net worth families" with over 100 million yuan (about US$15.54 million) assets increased by 2.4% to 130,000 over the previous year.

The total wealth of these Chinese "wealthy families" with no less than 6 million yuan assets is 146 trillion yuan, which is 1.5 times of China's one year GDP, according to the Hurun report.

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Chinese Luxury Traveler Insights 2015 https://www.chinainternetwatch.com/13523/chinese-luxury-traveler-insights-2015/ https://www.chinainternetwatch.com/13523/chinese-luxury-traveler-insights-2015/#comments Thu, 25 Jun 2015 02:58:56 +0000 http://www.chinainternetwatch.com/?p=13523 south-pole-travel

The Hurun Report recently published The Chinese Luxury Traveler 2015, for the fourth consecutive year. The report revealed the features of Chinese traveling enthusiasts, including their decision-making process, social media habit, travel trend, sales and gifting preference.

Here are top ten highlights from The Chinese Luxury Traveler 2015.

1. More foreign travels – average traveling expense for past year

More than 200,000 Chinese traveling enthusiasts traveled to different countries for four times and 33 days on average. For the data 33 days, leisure travels are increased by 10% to 20 days, business 13 days. Last year, the total population of off-boarder travelers were 116 million, up by 17.8%, on basis of China Tourism Academy.

2. Stronger presentation of traveling agencies – DIY travelers fewer than 30%

Traveling agencies processed approximately a half of total hotel bookings. China’s Top 12 Agencies for Mainland-based Luxurious Foreign Travels include 8 Continents, Wild China*, Diadema, HH Travel, My Tour, Magic Travel*, Ctrip, Sinbad Travel*, Zanadu, CITS, CTS and CYTS.

American Express performed best in areas of Hong Kong, Macau and Taiwan. Top 5 Agencies for Hong Kong-based Luxurious Foreign Travels include Wincastle Travel, Cathy Pacific Travel, American Express, Swire Travel and Westminster Travel.

Top 5 Agencies for Macaw-based Luxurious Foreign Travels are Macaw CYTS, Macaw CITS, Macaw CTS, Hong Thai Travel and American Express.

Top 5 Agencies for Taiwan-based Luxurious Foreign Travels are Asuka Travel, Royal Jetway Express, American Express, ITIS and Lion Travel.

Mr. Hu Run said, “the list is formed on basis of surveys on over 70 managers of luxury hotels globally, which performed by ILTM, GHC Asia famed for public relations in luxury travels in Asia, and Hurun. It’s the first time we created the lists of the most popular agencies in Hong Kong, Macau and Taiwan areas. “

3. Destinations

South Pole traveling is increasingly popular. According to the survey, the most impressive and frequently visited destination among all is South Pole. The main reason appeals to 49% travel enthusiasts is spectacular natural views, seconded by rare animals and vegetation, 19%, and travel surprise, 17%. Additionally, cruise tour is a hit last year. Maldives is particularly attractive to Chinese rich people, and Australia, the top destination for all the riches, second by France, without any surprise.

Great Britain and Italy are the two countries increasingly attracted to travelers, in sharp contrast with German and Swiss that see a drop in interested travelers. Moreover, exotic destinations like Hawaii and Dubai enjoy the popularity among rich people in recent two years, while Sanya and Tibet are of great appeal among all China attractions. For those traveling enthusiasts, they made traveling decisions on foreseeable creative experience. Furthermore, medical tour is a hot topic nowadays. 60% Chinese rich people have taken medical tours before.

Pros and Cons of Top 5 Destinations. Travelers usually visited United States of America for business and family purposes, and gave a low rating to food. Japan is the primary choice for shopping and earns the highest food rating. Both France and Great Britain attract a great number of travelers for shopping and business, while Great Britain rated higher than France in food. For Australia, it is the absolute right choice for leisure and holidays, in the meanwhile travelers rarely visited the country for business, food, family or shopping.

4. The most impressive foreign travel and how was it to travel during this traditional Chinese New Year

For me (a respondent), the most impressive travel in foreign countries lasted for thirteen days last year, along with other six partners. It was one day longer and with one more traveling partners than before. For this Chinese New Year, I traveled with my families, four persons in total. Generally, for the two above-mentioned foreign travels, I purchased business class for nearly half the air miles, while last year, purchased business class for merely one third the air miles.

5. When to travel

Summer holidays are the top choice, seconded by National Holidays and Chinese New Year. However in most cases, 56% respondents preferred to travel on random days, 11% higher than last year. Traditionally, Chinese New Year is the rush period for family tour, mainly inspired by family members. The most impressive travels are usually the initiative from partners.

6. Hotels

Over half the traveling enthusiasts make decisions on hotel options and book through traveling agencies. The most popular luxury hotel is Peninsula, second by Mandarin Oriental, the hotel climbing up on the ranking ladder rapidly. In the meanwhile, Shangri-la, constantly appealing to rich people for the past eleven years, dropped to the fifth place this year. The most presented member cards are from Hilton and Marriott. Mr. Hu Run said, “It means China’s rich people frequently checked in Hilton or Marriott, even though they prefer Peninsula.”

7. Airlines

Over half the traveling enthusiasts are premier airline members with gold or above status. As a crucial Chinese partner of Star Alliance, China Airlines enjoys an overwhelming popularity that 66% respondents are active members. More travelers option for business class. Especially Singapore Airlines is the most appealing airlines for international business or first class flight.

8. Experiential travels become a top hit.

Respondents believe the most impressive (last year) and frequently visited destination (this Chinese New Year) destination is South Pole. It’s estimated that exotic attractions with distinctive local features, like Africa, South Pole, North Pole and islands in Oceania, will become a top hit.

9. Stronger influence by social media

Among all supportive functions of mobile, Wechat app enjoys the largest user base (58%), 19% higher than last year and outrunning the functions of email (38%) and photos (32%). Wechat official newsletters are the most-read tourism information for 42% respondents, second by news pushed by traveling apps, 26%. 94% respondents install traveling apps, among which 49% use Ctrip, an overwhelming victory over the second Qunar, 15%. In terms of photo themes, people outrun natural views of photography sets, mobiles over cameras. Over half the respondents purchase cameras priced above 20,000 RMB. Canon is the most popular brand.

10. Increasing Purchase Power

Travelers from mainland China, Hong Kong, Macaw and Taiwain prove the strongest purchase power in the international market for consecutive five years. Their shopping volume represents 35% of international total, an overwhelming distance with Russia that accounts for 13% and ranks in the second place. Europe is the tax-free shopping heaven for Chinese travelers. Their favorite shopping destination is France, praised by 22% respondents, followed by German, 13%, Great Britain 12% and Italy 12%. Europe still remains to be the dreaming place in the coming three years for 47% respondents.

Also read: Understanding Chinese Luxury Travelers

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China to Be the Largest Business Travel Market Worldwide in 2016 https://www.chinainternetwatch.com/12920/largest-business-travel-market-worldwide-2016/ https://www.chinainternetwatch.com/12920/largest-business-travel-market-worldwide-2016/#comments Fri, 27 Mar 2015 00:30:41 +0000 http://www.chinainternetwatch.com/?p=12920 largest-business-travel-market-2016

GBTA expects China to continue to grow its domestic business travel market much more rapidly than the other countries in the world with estimated spending growth of 14.2% in 2015 and 12.1% in 2016. China is poised to overtake the U.S. as the number one business travel market in the world.

According to the report of GBTA, China is to surpass the U.S. in spending by 2017 considering their current and estimated growth in business travel market.

China’s economic growth projections in the near term remain robust, which bode well for a strong business travel market, growing more rapidly than the other major markets globally,

said Stanford Lin, Vice President and Head of Products at Visa China.

Visa is committed to working with financial institutions and merchant partners to offer value-add benefits that help companies and business travelers better manage their travel expenses.

Outbound tourism is popular among Chinese travelers. Some European airlines promote cheap tickets to attract travelers to Europe according to CNN’s report.

Japan has also added some special travel trains with delicious food supply to attract travelers. Besides, Japan’s luxury train can provide luxury goods and food to stimulate travelers’ consumption home and abroad according to Nikkei Asian Review. Shoppers from China spent 18% more on Tax Free Shopping in 2014 compared to 2013 according to Global Blue.

Australia is the top luxury travel destination, followed by France. Maldives shoots into third place. UK back into the Top 10.

China has been the largest market for Germany’s domestic travel in Asian. During Chinese year period, German’s merchants promoted various events to attract Chinese travelers. See more about Chinese New Year Traveler Insights here.

Oxford research report shows China and other new markets will promote global travel industry into a prosperous stage in 10 years.

Also read: China Inbound Travelers in 2014

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Australia is the Top Luxury Travel Destination in China https://www.chinainternetwatch.com/12143/china-luxury-travel-2015/ https://www.chinainternetwatch.com/12143/china-luxury-travel-2015/#comments Fri, 06 Feb 2015 00:30:36 +0000 http://www.chinainternetwatch.com/?p=12143 travel-guide-mobile-app

According to Hurun Chinese Luxury Consumer Survey 2015, Chinese luxury travelers on average go on business trip for eight days a month and the super rich are away for 11 days a month. And they also take 8 and 12 days of holiday respectively, one more than last year.

Chinese New Year is preferred time to travel, followed by October Golden Week and the summer holidays. The Peninsula Hotel replaced the Shangri-La as China’s preferred hotel brand; the Mandarin Oriental improved the fastest, rising to second place. Aman Resorts is named Best Luxury Boutique Hotel Brand in Hurun Best of the Best Awards 2015.

Australia is the top luxury travel destination, followed by France. Maldives shoots into third place. UK back into the Top 10.

Preferred International Luxury Travel Destination
1 – Australia
2 – France
3 ↑ Maldives
4 ↓ Dubai
5 ↓ Switzerland
6 * Italy
7 ↓ US
8 * UK
9 ↓ Japan
10 – New Zealand

↑ ranked higher than last year ↓ ranked lower than last year   * New entry this year

The same survey also unveiled that in China gift-giving market, travel gift vouchers continued to show a strong rise for the third year. Travel retail continues to change the dynamics of luxury in China, with 7 out of 10 luxury goods bought by Chinese now being bought overseas.

Beijing
Best Luxury Hotel in Beijing China World Summit Wing
Art Lifestyle’ Luxury Hotel in Beijing Star Performer Four Seasons Beijing
Fashion Roast Restaurant in Beijing Star Performer C49
Luxury Hotel in Beijing Best New Arrival Rosewood
Hutong Villas Hotel in Beijing Best New Arrival Waldorf Astoria Beijing
Shanghai
Best Luxury Hotel in Shanghai The Peninsula Shanghai
Luxury Hotel in Shanghai Star Performer Mandarin Oriental Hotel Shanghai
Luxury Hotel in Shanghai Puxi Star Performer Fairmont Peace Hotel
Boutique Luxury Hotel in Shanghai Star Performer Andaz XinTianDi, Shanghai
Luxury Hotel Wedding in Shanghai Star Performer The Ritz-Carlton Shanghai Pudong
Presidential Suite in Shanghai Best New Arrival InterContinental Ruijin Hotel Shanghai
Contemporary Chinese Cuisine Hakkasan
French Restaurant in Shanghai Best New Arrival Villa Le bec
Best Luxury Lifestyle Celebrating Cross-Culture Craftsmanship  The Park Hyatt Shanghai
Guangzhou
Best Luxury Hotel in Guangzhou The Ritz-Carlton, Guangzhou
Luxury Hotel in Guangzhou Star Performer Sofitel Guangzhou Sunrich
Luxury Hotel Wedding in Guangzhou Star Performer Grand Hyatt, Guangzhou
 ‘Art Lifestyle’ Luxury Hotel in Guangzhou Star Performer Mandarin Oriental Guangzhou
Family Hotel in Guangdong Star Performer ChimeLong HengQin Bay Hotel
Shenzhen
Best Luxury Hotel in Shenzhen The St. Regis Shenzhen
Luxury Hotel in Shenzhen Star Performer Futian Shangri-La Shenzhen
Luxury Hotel Wedding in Shenzhen Star Performer The Ritz-Carlton, Shenzhen
Art Lifestyle’ Luxury Hotel in Shenzhen Star Performer Four Seasons Shenzhen
Family Hotel in Shenzhen Star Performer InterContinental Shenzhen
Luxury Hotel in Shenzhen Best New Arrival JW Marriott Shenzhen Bao’an
Business Hotel in Shenzhen Best New Arrival G Charlton Shenzhen
Foshan
Best Luxury Hotel in Foshan The InterContinental Foshan Hotel
Luxury Hotel  in Foshan Star Performer Marco Polo Lingnan TianDi Foshan
Luxury Hotel in Foshan Best New Arrival The Hilton Foshan Hotel
Chengdu
Best Luxury Hotel in Chengdu The Diaoyutai Boutique Chengdu
Luxury Hotel in Chengdu Best New Arrival The St. Regis Chengdu
Wuhan
Luxury Hotel in Wuhan Best New Arrival Wanda Realm Wuhan
Changsha
Best Luxury Hotel in Changsha Changsha Wanda Vista
Luxury Hotel in Changsha Best New Arrival Kempinski Hotel Changsha
Kunming
Best Luxury Hotel in Kunming The InterContinental Kunming Hotel
Luxury Hotel in Kunming Best New Arrival Wanda Vista Kunming
Lijiang
Best Luxury Hotel in Lijiang Banyan Treet Lijiang
Luxury Hotel in Lijiang Star Performer Hotel Indigo Lijiang Ancient Town
Boutique Luxury Hotel in Lijiang Best New Arrival LUX* Lijiang
Luxury Hotel in Lijiang Best New Arrival InterContinental Hotel Lijiang
Lhasa
Luxury Hotel in Lhasa Best New Arrival InterContinental Lhasa
Zhejiang
Best Moganshan Luxury Destination Naked Resort
Hangzhou
Best Luxury Hotel in Hangzhou Four Seasons Hangzhou
Nanjing
Best Luxury Hotel in Nanjing Sofitel Nanjing Zhongshan Golf Resort
Luxury Hotel in Nanjing Best New Arrival Fairmont Nanjing
Suzhou
Best Luxury Hotel in Suzhou Shangri-La Hotel Suzhou
Luxury Hotel in Suzhou Star Performer Kempinski Hotel Suzhou
Luxury Hotel in Suzhou Best New Arrival Hyatt Regency Suzhou
Hainan
Best Luxury Hotel in Hainan The St. Regis Sanya Yalong Bay Resort
Luxury Hotel in Hainan Star Performer Renaissance Sanya Resort & Spa
Luxury Hotel Wedding in Hainan Star Performer The Ritz-Carlton Sanya, Yalong Bay
Family Hotel in Hainan Star Performer InterContinental Sanya Resort
Luxury Hotel in Hainan Best New Arrival Raffles Hainan
Dalian
Luxury Hotel in Dalian Best New Arrival Conrad Dalian
Hong Kong
Best Luxury Hotel in Hong Kong Four Seasons Hotel Hong Kong
Luxury Hotel in Hong Kong Star Performer The Conrad Hong Hong Hotel
Luxury Hotel Wedding in Hong Kong Star Performer The Peninsula Hong Kong
Family Hotel  in Hong Kong Star Performer The Hong Kong Disneyland Hotel
Art Lifestyle’ Luxury Hotel in Hong Kong Star Performer W Hong Kong Hotel
Japanese Teppanyaki Restaurant in Hong Kong Best New Arrival Fukuji Restaurant
Luxury Lifestyle Exhibition Star Performer Watches and Wonders
Macau
Best Luxury Hotel in Macao Four Seasons Macao
Luxury Hotel  in Macau Star Performer Mandarin Oriental Macau
Luxury Hotel Wedding  in Macau Star Performer Galaxy Macau
Art Lifestyle’ Luxury Hotel  in Macau Star Performer MGM Macau
Family Hotel  in Macao Star Performer Sands Cotai Central Macao
International
Luxury Hotel in London Best New Arrival Shangri La Hotel at the Shard London
Luxury Boutique Hotel in Tokyo Best New Arrival Aman Tokyo
Luxury Hotel in Kyoto Best New Arrival Ritz-Carlton Kyoto
Luxury Hotel in Bali Star Performer The Mulia Bali
Luxury Hotel in Bali Best New Arrival Ritz-Carlton Bali
Best International Luxury Travel Destination Australia
International Luxury Travel Destination Star Performer UK
Best Domestic Luxury Destination Sanya
Domestic Luxury Destination Star Performer Taiwan
Domestic Luxury Destination Star Performer Changbai Mountain
Best International Business / First Class Singapore Airlines
Business Class to Europe Star Performer British Airways
Business Class Inflight Cuisine to Australia Star Performer Qantas
Best North American Airline Serving China United Airlines
Best Domestic Business / First Class Air China
Beijing Hong Kong Star Performer Cathay Pacific
Shanghai Hong Kong Star Performer Dragon Air

There are often distinct differences for almost everything between China and the rest of Asia and Oceania and there’s no exception for luxury travel industry. Here are some insights.

Read more: 74% Chinese Rural Residents Willing to Travel in 2014

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