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New waves of Chinese tourists will soon hit U.S. shores and big retailers are getting ready for big sales, according to Virginia Harrison.
These high-spending travelers make most of their trips in Asia, but the U.S. is gaining popularity fast. About two million Chinese tourists visit the U.S. each year, and the U.S. government forecasts an annual growth of about 20%. The economic potential is big: Chinese tourists spend more than any other foreigners at an average of $7,200 per visit.
The U.S. is attractive for Chinese shoppers for a number of reasons. Wolfgang Georg Arlt, director of the China Outbound Tourism Research Institute, said wealthy Chinese view a trip to America as a social necessity. “It is part of the confirmation of their status and lifestyle to have visited at least San Francisco, Las Vegas, the Grand Canyon and New York,” he said.
There’s also more choice of products for Chinese shoppers. And there is little risk of fake goods. But what attracts them most is price.
1. What are big American retailers preparing for?
A、Big spending by Chinese tourists.
B、Increased figures of trade with Asia.
C、America’s popular shopping season.
D、The government report on the economy.
A、Big spending by Chinese tourists.
B、Increased figures of trade with Asia.
C、America’s popular shopping season.
D、The government report on the economy.