Articles tagged “china”

China’s Comac May Sell Its First Aircraft to an Overseas Carrier Soon

China’s Comac May Sell Its First Aircraft to an Overseas Carrier Soon

Bruce Einhorn and Moses Mozart Dzawu, Bloomberg

Ghana’s AWA (Africa World Airlines) may order Comac's regional jets this month. The carrier would be among the first overseas customers for Comac's commercial aircraft. But the airline is partly owned by China’s HNA Group, which makes it less of a coup than it first appears. Boeing, Airbus, and Embraer may still have some years yet until they compete in jet sales with Comac.

4 days ago

China May Exclude Boeing 737 Max From Trade Deal With U.S.

China May Exclude Boeing 737 Max From Trade Deal With U.S.

Bloomberg

China is a huge market for Boeing 737 Max jets. It is probably not good for Boeing if the country’s airlines are skittish about taking more of them.

6 days ago

China’s Outbound Travelers May Be Spending Less on Luxury Goods

China’s Outbound Travelers May Be Spending Less on Luxury Goods

Kim Bhasin, Cécile Daurat, and Matt Townsend, Bloomberg

Fears of a Chinese slowdown have spooked luxury brands that look to outbound tourists from the world's second-largest economy to fill their shops. We at Skift can worry with the best of them about global trends, but for now, this Chinese spending decline seems modest and manageable.

2 weeks ago

Airbus May Assemble Newest Jet in China to Secure Far East Deals

Airbus May Assemble Newest Jet in China to Secure Far East Deals

Haze Fan, Dong Lyu, and Benjamin Katz, Bloomberg

Planemaker Airbus may build A330neos at an existing factory in Tianjin. The offer to make the planes locally comes as Rolls-Royce is said to offer work at a local engine plant, too. But do the companies really believe they can protect their trade secrets if they make aircraft parts in China?

3 weeks ago

China Tourism Stall Leads to U.S. Drop in Foreign Visitor Spending

China Tourism Stall Leads to U.S. Drop in Foreign Visitor Spending

Hannah Sampson , Skift

Even though official government data is still unavailable for 2018, reports show the United States is losing ground when it comes to international tourism — and especially key markets like China. What will it take to turn that trend around?

4 weeks ago

Chinese Tourists Are Moving Away From Government-Licensed Group Tours

Chinese Tourists Are Moving Away From Government-Licensed Group Tours

Aaron Minter, Bloomberg

As Chinese travelers have become wealthier and more experienced, they have less use for the government-approved group tours that bring a high volume of visitors to global destinations. This trend has reduced China's power to control where tourists spend their money.

4 weeks ago

Why New Zealand Has Reason to Fear Drop in Chinese Tourists

Why New Zealand Has Reason to Fear Drop in Chinese Tourists

Tracy Withers and Matthew Brockett , Bloomberg

Tourism is New Zealand’s top foreign exchange earner, thanks to a surge in arrivals from China. So signs of China cold-shouldering New Zealand, such as the "postponement" of the launch of a joint tourism year 2019, are worrying.

1 month ago

Six Flags’ Global Growth Plans Are Running Into Economic Roadblocks

Six Flags’ Global Growth Plans Are Running Into Economic Roadblocks

Hannah Sampson, Skift

Six Flags' big ambitions for international expansion are meeting economic reality. The theme park operator still finds potential in partnerships outside the United States, but expectations have to be adjusted.

1 month ago

China’s Holiday Spending Growing at Slowest Pace Since 2011

China’s Holiday Spending Growing at Slowest Pace Since 2011

Bloomberg

The evident slowdown in Chinese consumption can be seen just from looking at where they holidayed during the Lunar New Year. Destinations closer to home -- Hong Kong, Thailand, Macau -- took the top spots.

1 month ago

Why Does Travelzoo Have a Big China Problem?

Why Does Travelzoo Have a Big China Problem?

Isaac Carey, Skift

The company has been hoping for a turnaround in Asia Pacific for years now, but so far business in the region is weak. If trade tensions continue to squeeze the company, will progress get even slower?

2 months ago

China’s Travel Infrastructure Boom and 8 Other Tourism Trends This Week

China’s Travel Infrastructure Boom and 8 Other Tourism Trends This Week

Isaac Carey, Skift

This week in tourism, the Chinese travel system could have a global effect on the travel industry, Royal Caribbean sees growth in customers out of China, and the African Union makes progress on its passport for all of Africa.

2 months ago

400 Million Chinese Will Be Traveling During Lunar New Year

400 Million Chinese Will Be Traveling During Lunar New Year

Daniela Wei and Bruce Einhorn, Bloomberg

Despite the economic uncertainties in China, more people are expected to travel both domestically and internationally during the Lunar New Year holiday. Sure, downturns will definitely hurt the sector — but as someone at InterActiveCorp/Expedia once said, travel is life.

2 months ago