Four Chinese Travel Sector Equity Plays
Each of Chinas 1.3 billion people, on average, take only 1.3 trips a year. By 2015 that figure is expected to rise to 3.3. The government is working to stimulate this by both supporting the Association of Southeast Asian Nations' five year strategic tourism plan and the Chineses own National Tourism Plan. Nicolas Berbigier, chief executive of Xanadu, a travel agency in Beijing recently said:
Chinese consumers are finding it a lot more interesting to travel. Theyre finding it a lot easier. The Yuan is expected to rise in value. Visa restrictions are diminishing every day, and the government is pretty keen on pushing people to travel.
Demand for travel is doubling every 15 years. But in places like India and China we expect to double in the next six years.
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