Overseas travel destination diverge between average and wealthy

On Tuesday, at the Juwai Global Developers Summit, Visabao.com CEO Chen Cheng said, “budget limitation is still identified as the top reason in preventing Chinese from going abroad fortheir holidays. Visa application is the second reason.”Charles Pittar, Juwai CEO said on the summit that outbound tourism has been one of the mainreason Chinese buy overseas homes. “We found that each time after China’s golden week,inquries about homes in Thailand, Japan rise sharply,” he said.

Chinese investors expand acquisitions worldwide to tap outbound Chinese travellers

“We do not expect price per room to drop meaningfully in 2016,” said Henry of Juwai. “There is still significant competition for attractive assets that offer great long- term value, and we believe buyers will be willing to offer a premium to acquire them.”