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April 25th, 2008

Coming To America!

Coming to America…the land of opportunity.  As I have been saying for a while (The Beginning Stages of Things To Come & The China/Asia Real Estate Boom Debate) U.S. government is starting to ease travel restrictions for Chinese tourists to the U.S.  (Read Also More News From China)

What does this mean? 

Economists are predicting that a wave of Chinese tourist flush with cash will be arriving on U.S. shores soon. (This is the BEST article I have seen (heard/audio) that details what could be expected to come from the Chinese marketplace.  In other words, you have got to listen to this one!)

Consider this information:  In 2006, 17 million Chinese vacationed in Europe and only 300,000 vacationed in the U.S. due to travel restrictions. 

The average Chinese traveler spends on average $6,000 U.S. dollars on their trips.

Within the next 5 years, it is anticipated that Chinese visitors will make up the largest over-seas traveler to the U.S.

Image a place that is roughly midway between the mainland U.S. and Asia.  A place that is a part of the United States, which happens to be considered the most stable and powerful economy in the world (I know it looks a little shaky right now).  Now imagine a place where the weather is absolutely beautiful all year around and is considered by most in the world to be paradise.  Image the number of Chinese that would love to own a vacation property or investment property in that stable U.S. economy, in that state that is closer than the mainland U.S. and is considered paradise.

Catch my drift?

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Posted by scott on April 25th, 2008 in Asia News |

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