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The “golden age of tourism” in Vietnam presents robust hotel development opportunities in Vietnam’s biggest cities. Troy Griffiths, deputy managing director of real estate consultant Savills, said Ho Chi Minh and Hanoi are “under-hoteled per population, per…
Genting Malaysia Bhd’s share price fell as much as 18.6% today on news that it is suing Twenty-First Century Fox Inc and The Walt Disney Co for more than US$1 billion (RM4.19 billion) for terminating their contract to develop a Fox-branded theme park at…
Korea’s duty-free sales are likely to set a new annual record this year despite Chinese group tour traffic not having fully recovered. According to the Korea Duty Free Shops Association, duty-free store operators made $1.44 billion in October, a 28.6 percent…
Hong Kong is listed as one of Asia Pacific’s top 10 most visited destinations for the eighth consecutive year in the Mastercard Global Destination Cities Index 2018 released. Ranked 14th globally and seventh in Asia Pacific, Hong Kong welcomed 9.03 million…
Bangkok’s three shopping centres grouped under the OneSiam brand, are collaborating with Air Asia to encourage more Chinese tourists to Thailand. The malls – Siam Paragon, Siam Center, and Siam Discovery – have received backing from the Tourism Authority of…
Malaysia has climbed ahead of the US to become the ninth largest market worldwide for Chinese tourists’ spending overseas. This was recorded during China’s summer holidays, which took place between July 1 and Aug 31 this year. According to Alipay, a mobile…
Japan’s tourism bonanza shows no signs of abating. The country welcomed a record 28.6 million visitors from abroad in 2017, an increase of 19.3% on the year. Travelers also spent significantly more: 4.4 trillion yen ($39.68 billion), up 17.8%. So, where are…
State-owned operator Angkasa Pura II, Tourism Ministry and Transportation Ministry have launched Tourist Information Center at Terminal 3 of Soekarno Hatta International Airport. TIC services that have been operating since June 19 will serve to promote…
Thailand is way ahead of the game, but Vietnam welcomed record tourism revenue in 2016. Tourists arrivals in Vietnam past the 10 million mark last year, and the $18 billion in revenue collected by the sector contributed around 7.5 percent to the country’s…
Macau’s total visitor arrivals rose a nominal 0.8% to a new record 30.95m in 2016, with nearly 28m travelling from Greater China markets (+0.1%), a slight increase of 0.1%, whereas the much smaller international visitor arrival total grew by 7.9%. This will…
The weeklong Lunar New Year holiday season has started in China, and surrounding countries and regions are expecting the usual surge in spending by Chinese tourists. This year, however, things may be different. According to China’s biggest online travel…
More spending by Chinese visitors can boost Vietnam’s GDP by 1 percentage point. As more Chinese travel around the world, they leave bigger impacts wherever they go. Now experts say for countries that receive a large number of Chinese arrivals, including…
Australia led the ten top sources of tourist arrivals in the resort island of Bali in the January-September 2016 period, an official said. “The number of Australian tourists visiting Bali in the first nine months of this year reached 850,326, up 16.85 percent…
The number of visits by Chinese tourists to Bali shot up 35.84 percent to 741.740 in the first nine months of this year from 546,035 visits in the same period last year. “The number of visits by holiday makers from China is now the second largest after those…
Russia-Indonesia Business Council expects an increase in the number of Indonesian tourists to Russia and vice versa in 2016 and the coming years, in order to strengthen relations and economic cooperation between the two countries. A statement from the…
The Chinese government’s forced reduction of tourists visiting Korea by 20 percent is already dealing a blow to businesses. “Even today, tourism offices in several provincial governments are acknowledging they are lowering the numbers of tourists going to…
