Chinese property developer giant Wanda Group is reportedly in talks to acquire a 75% stake Marina d’Or Resort in Spain’s Castellon province for €1.2bn.
China was the largest source of visitors for Japan in the first 10 months of this year, arrivals at 4.28 million during that period nearly tripled that of last year.
Korean President Park Geun-hye said her government is considering offering a new series of favorable policies, including visa-free policy for Chinese visitors to Korea.
Wanda Group is looking to develop a theme park on a 45-hectare plot in Australia’s Gold Coast for billions of AUD to rival the major theme parks in the area.
Uroaming, an overseas WiFi service rental platform, announces today that it has raised over $10 million Series A+ funding from Steamboat Ventures and existing investor New Enterprise Associates.
Shanghai-based Yuyuan Tourist Mart announced that it will wholly acquire Hokkaido ski resort Hoshino Resorts Tomamu for 18.358 billion yen.
Australia is preparing to launch a 10-year multiple-entry tourism visa for Chinese nationals in an effort to attract an even more visitors.
Last year we had over 20% growth y-o-y in arrivals and we’re expecting that kind of compounded growth for the next three to five years.