The global travel industry wonders when Chinese companies and investors will play a bigger role. Restrictions on foreign investment are getting tighter. On the other hand, maybe they’re just not that into us.
It's nice that leading Chinese review guide Ctrip Gourmet List has tied up with OpenTable to introduce Chinese travelers to some of America's best food. But when will OpenTable bulk up its China listings?
Ctrip – with the help of some useful allies – continues to dominate China's fast-expanding travel industry. It will be interesting to see whether 2018 brings further expansion into Europe and North America.
We think 2018 is setting up to be a solid year for growth in travel, despite lingering uncertainty over the direction of economic, foreign, and political policies around the world. Subscribe to Skift Research to learn more.
With many global markets showing healthy signs of growth and consumer and business confidence high, we expect the travel industry to benefit from a solid year of macroeconomic growth in 2018.
China is a tiny part of its overall business right now, but Thomas Cook is thinking long term. Whether the company's expansion into China is a success or not will probably come down to the strength of its local opposition, which is deeply entrenched.