Excel Funds Management Inc.

Emerging Markets

Response to – Chinese to Become Biggest Spending Tourists

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As China’s middle class continues to grow the number of Chinese traveler’s will also increase. The World Tourism Organization predicts travel will increase from 70 Million to 100 Million by the end of the decade. Today the majority of Chinese vacation at home but that should change with the expanding middle class. Destinations are also becoming more varied with travelers with Asia, Australia and Europe the most popular at this time. Traveler’s are not traveling necessarily for popular tourist sites but to experience a different way of life. Once they view how other cultures live they might want to duplicate that at home. Shopping also seems to be a big draw spending close to $10,000 (100,000 yen).  Chinese spent 54 billion in 2010 and 72 Billion in 2011 while Germany spent 84 billion and the US spent 79 billion in 2011. The middle class is expanding within China proven by the increase spending on vacations. This will continue especially as the world recovers from its current state.

 

Branigan, T. (2012, August 19). Chinese to Become Biggest Spending Tourists. The Observer. Retrieved August 20, 2012, from http://www.observer.ug/index.php?option=com_content&view=article&id=20450:chinese-to-become-biggest-spending-tourists-&catid=38:business&Itemid=68

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Author: Excel Funds Management

We Are Leaders. Our Focus is Undivided. Excel Funds is Canada’s specialist in Emerging Market investment opportunities. We pioneered Emerging Market mutual fund design and distribution in Canada. Our focus is undivided – Emerging Markets is all we do. Our Mission Is To Offer Canadians True Global Access By offering Canadians access to rapid growth markets, Excel Funds provides truly global and diverse investment value. Our clients want consistent, responsible and intelligent solutions – we will never stop being challenged and deliver on client expectations. We Listen. We Are Determined To Deliver. Our clients want to understand better. Excel Funds is the only company dedicated to providing investors with actively managed, best-in-class Portfolio Managers based in regional markets. In order to deliver deeper understanding, we are not removed from unique cultural, political and economic experiences. We Initiate. We Create. Investors benefit from strong, sustainable growth. To create wealth for our clients we will: • Offer globally diverse opportunities to capture shifts in world economies • Not resist change and continually lead in Emerging Markets global growth • Engage world class institutional managers for retail investors We Are Passionate. We Will Never Stop Innovating. True leadership is enabling and seeks a positive outcome for all invested. We will not rest on past success, and continue to provide clients with: • Innovative fund structures • Canada’s largest & most comprehensive Emerging Markets products • The best institutional level Portfolio Managers • World class on-the-ground active managers • A singular focus on Emerging Markets, the driver of global growth

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