Colliding Continents
For The Adventurer Within
Custom Search
Friends of World Heritage
Thursday, December 13, 2007
Cash Flows through China and Into the US
In my previous posting Blow Your Money in Macau, I mentioned that the Chinese middle class is booming with the exceptional growth of China’s economy. On Tuesday a deal was signed by the U.S. Commerce Secretary Carlos Gutierrez to allow Chinese travel agencies to market packaged tours in locations throughout the United States and likewise, Beijing will allow U.S. destinations to advertise in China.

This underlines the fact that the weakened U.S. dollar is allowing for an opportunity to increase the revenues of the U.S. tourism industry. This is great news for American businesses simply because of the nature of Chinese travelers who enjoy traveling in large groups. Hotels and operators will find it easier to market their travel packages and to extend discounted rates which leads to more business.

This deal is significant beyond the realm of travel and could prove to have side effects which will be felt in the years to come.


Read more about this deal from Courant.com's article by Samantha Gross, From China, With Cash

Labels:

Written at 10:31 AM by Sebastien.
0 commentslinks to this post
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home