Deep Dive 20 minutes Premium2017 Spring Festival Preview Part 2: Chinese Expected to Spend Big on Outbound Travel and Entertainment Coresight Research January 27, 2017 Executive Summary In Part 2 of our 2017 Spring Festival Report, we focus on two main themes: 1) the continued rise in Chinese outbound travel; and 2) the growing preference for spending on experiences and entertainment. We expect the number of overseas trips taken by Chinese to increase 9% year over year to reach 6.3 million during this year’s Spring Festival. In our view, the sustained increase in outbound tourism is driven by currency fluctuations, the relaxation of visa policies and the expanding network of airlines’ international direct flights from China. Within China, we have a positive view on the performance of payment providers and the movie industry during this year’s Spring Festival. For outbound travel, we are positive on Australia, Thailand, the UK and Japan, due to increasing flights, currency, and/or relaxed visa policies. We remain negative on Taiwan and Hong Kong, as Chinese tourists increasingly prefer destinations that offer unique experiences. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Surprisingly Strong In-Store Shopping Accompanies Prime Day Week: US Consumer Tracker 2023, Week 30Combating Inflation—Low-Income and Younger Shoppers Trade Down and Buy Less: US Consumer Survey Insights ExtraInsights Video: Retail Shrink and Loss-Prevention MethodsUS Online Grocery Survey 2023—Infographic: Assessing the Top Retailers and E-Commerce Popularity