- Posted by Newsdesk
- On 14th July 2017
- Business Traveller, CNN, interview, Prof. Dr. Wolfgang Georg Arlt
COTRI Director Prof. Dr. Wolfgang Georg Arlt has been interviewed as part of CNN’s Business Traveller programme, presented by Richard Quest.
Speaking on the topic of “making travel accessible for all” and the increasing growth in older travellers, Prof. Arlt discusses this trend within the context of Chinese outbound tourism.
With the programme quoting leading Chinese Online Travel Agency (OTA) Ctrip’s report that 20% of their customers are over 60 years old – and continuing to grow in influence – Prof. Arlt highlights the fact that, among Chinese outbound travellers, it is among the elderly where the sector is seeing the most growth.
Making the point that Chinese tourists who can afford to travel intercontinentally typically belong to the wealthiest 4-5% of society, he points out that older Chinese travellers can easily spend as much as 7,000 USD on a trip and another 10,000 USD on shopping, with many still having a strong interest in investment while overseas too.
“Making travel accessible for all” is currently available on the CNN website and can be accessed at the following link.
COTRI China Outbound Tourism Research Institute provides expert insights into the worldwide developments of China’s outbound tourism market. As Chinese outbound tourists are travelling to a large range of destinations, our publications cover a number of regions, providing detailed insights and analysing visitor behaviour.
With COTRI’s insights you can forge a successful business strategy built upon in-depth market expertise, comprehensive qualitative analysis and future projections. The Spring 2017 Edition of the COTRI Market report features in-depth exploration of the developing trends in the field, supported by a wealth of qualitative and quantitative statistical research.