As China's National Day holiday approaches, the outbound travel scene is set to soar with expectations described as \"rosy and robust\" by Simon Cheung, head of Asia Travel & Leisure Research at Goldman Sachs. In an exclusive interview with CNBC, Cheung forecasted a remarkable year-on-year growth in outbound travel, anticipating an increase between 50 percent to 60 percent.
This surge is not just a testament to China's growing middle class and their increasing appetite for international experiences, but also signals significant opportunities for the global travel and tourism industry. Destinations across the globe can look forward to a spike in visitors from China, bringing with them not only economic benefits but also fostering greater cultural exchanges.
For tech enthusiasts and business leaders, this trend highlights the potential for innovation in travel-related technologies and services. From seamless booking platforms to personalized travel experiences, the demand driven by this robust outbound travel growth will likely spur new startups and advancements in the travel tech sector.
Moreover, sustainable and immersive travel is set to gain momentum as more travelers seek meaningful and responsible ways to explore the world. This aligns with the growing global emphasis on sustainability, offering travelers and businesses alike the chance to contribute positively to the destinations they visit.
As the travel landscape evolves, travelers, entrepreneurs, and policymakers will be keenly watching how this significant uptick in outbound travel shapes the future of global tourism and international relations.
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Goldman Sachs: China's National Day holiday travel 'rosy and robust'
cgtn.com
