real estate opportunities | Chinese tourists in America

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August 4, 2017 · 12:24 pm

Chinese tourists don’t just duty-free shop in the U.S.: They also invest in real estate ($100 billion in 2016)

Wealthy Chinese family searching a home in the U.S. - China Elite Focus The number of Chinese tourists traveling the globe has increased significantly for the last ten years, making them the largest group of travelers in the world. Now, thanks in part to a recent agreement between the U.S. and China to extend visas for short-term business travelers, tourists and students, the U.S. could see an increase in Chinese travelers in the near future.

This trend is supported by research from the latest Chinese International Travel Monitor (CITM) from Hotels.com which reveals the U.S. is the second most popular destination for Chinese travelers to visit in the next 12 months (behind France), with popular U.S. landmarks like the Grand Canyon and the Statue of Liberty topping travel wish lists.
The CITM research also identifies that, while cities in Asia Pacific remain the most popular (82 percent of Chinese travelers have visited in the past 12 months), visitors to Europe and America have increased with a year over year growth of 25 percent and 11 percent, respectively. These destinations were particularly popular with millennial travelers, with 42 percent visiting Europe and 29 percent visiting America in the past 12 months.

“The CITM reveals that the United States is one of the top five countries Chinese travelers visit the most,” said Josh Belkin, vice president and GM of the Hotels.com brand. “With tens of thousands of places to stay across the U.S., like distinctive boutiques, spacious vacation rentals and familiar chains, our site and mobile app have the perfect places for Chinese travelers of all ages and lifestyles.”

In 2016, there were 122 million outbound Chinese tourists – four percent more than in 2015 and a massive 74 percent more than in 2011, when the first CITM was published. China is already the largest source of international travelers for many countries – despite the fact only 10 percent of the population had passports in 2016.

“Chinese travelers in the United States tend to be more affluent than those who choose other destinations”, said Pierre Gervois, CEO of China Elite Focus Magazines LLC and Founder of the STC magazine, a luxury travel digital publication in Chinese Mandarin. “Real Estate investment in the United States is now the #1 real reason – and rarely stated in surveys – for affluent and wealthy Chinese outbound travelers, as they have acquired for $100 billion in U.S. Real Estate in 2016”

Source: CITM, hotels.com, STC magazine, Chinese Tourists Blog

Niuyue Mag, #1 magazine about New York in Chinese language

Niuyue Mag, the publication in Chinese Mandarin about what’s cool in New York is now the #1 travel magazine and social media network in Chinese about the Big Apple. With more than 200,000 Chinese fans after two years of existence, Niuyue Mag has been recognized by Chinese tourists as the leading publication with the most informative and independent content about NYC’s best boutique hotels, feshion designers stores, restaurants, art galleries and real estate opportunities. Available on the iPad (App Store), this urban and stylish magazine is the must read magazine for affluent Chinese tourists in their 20’s and 30’s who don’t want to travel in group tours like their parents did ten years ago. As Pierre Gervois, CEO of China Elite Focus and Niuyue Mag’s Publisher, said “The new generation of free, independent Chinese travelers coming to New York City want to have the same experiences in NYC than the Newyorkers. They don’t even want to visit the Statue of Liberty, but prefer to discover new fashion designers stores in Brooklyn, or contemporary art galleries in SoHo.” Mr Gervois added “Most of existing travel guides about New York with a content translated in Chinese look pretty boring for this new audience. they want to have the truth about what’s really cool in NYC, and what’s not. The mission of Niuyue Mag is to give them access to this information.”