• Wed
  • Oct 22, 2014
  • Updated: 9:55am
Lai See
PUBLISHED : Tuesday, 21 January, 2014, 1:05am
UPDATED : Tuesday, 21 January, 2014, 1:05am

Mainland tourist numbers to continue to soar in coming years

BIO

Howard Winn has been with the South China Morning Post for two and half years after previous stints as business editor and deputy editor of The Standard, and business editor of Asia Times. His writing has also been published in the Far Eastern Economic Review, the Wall Street Journal, and the International Herald Tribune. He writes the Lai See column which focuses on the lighter side of business.
 

For the past 15 years gaming stocks and luxury good stocks have soared. Aaron Fischer, CLSA's regional head of consumer & gaming research, has ridden this wave with bullish calls for the sectors year after year. Yesterday was no exception with the publication of a new report - "Chinese Tourists - Exploring New Frontiers". This discusses the phenomenon of outbound mainland Chinese tourism, what's driving it and the impact it's having on gaming and luxury goods sectors and on destination countries.

Chinese tourists are going to double by 2020 which is good for everything related to the travel industry. Although it's been running in one direction for 15 years that doesn't necessarily make it an easy ride for the analyst. What's the recommendation for a stock that has doubled or trebled within a year? It's not always that easy to say keep on buying.

Gaming stocks have increased in value 10-15 times over the past five years but Fischer remains bullish. Although people say that most of the tourists in New York and Paris appear to be mainland Chinese, he says the numbers of tourists visiting these cities will triple or quadruple over the next seven years. "We're still near the beginning of this," he says. While Hong Kong and Macau have experienced a surge in mainland tourists for a number of years, they have had less impact on other global destinations. "But there's a lot more to come," Fischer says.

Mainlanders are highly visible in the Maldives and Kenya. Apparently one of the most frequent questions mainlanders ask their guides, while on safari trips, is which animals are good to eat. The surge in tourism has prompted the National Tourism Administration to issue "Guidelines on Civilised Travel Abroad." These include "Do not pick your nose in public, soiling a swimming pool is frowned upon. Country-specific warnings include, don't ask the British if they have eaten, in France don't bring yellow flowers if invited to someone's home, and in Hungary, don't smash mirrors. It reminds us of the lifting of travel restrictions in South Korea in the 1980s. After a number of incidents involving South Korean tourists the government issued guidelines which included asking tourists not to indulge in excessive shopping or sex.

 

Less fear of flying

You will be pleased to hear that flying is getting safer. The Association of Asia-Pacific Airlines recently issued a statement noting that 2013 was the safest year in terms of commercial airline jet fatalities. Last year saw seven major accidents which involved large Western-built commercial airline jets, which resulted in a total of 115 fatalities - a loss rate of one major accident for every four million flights. Asia-Pacific carriers experienced three major accidents involving large Western-built commercial airline jets, which led to a total of 24 fatalities.

There was a useful tip in the statement, in that it observed that while turboprop aircraft maintained their "good safety record", they "remain in focus" as they continue to experience somewhat higher accident rates compared to larger jet aircraft, though they are often flown in "more challenging environments and conditions".

 

Kit Kats galore

We see that Nestle seems to have figured out how to crack the Japanese market. If possible be weird, wacky and downright strange. It is poised to launch a Kit Kat Choclatory store in the Seibu department store in Tokyo's Ikebukuro district. Kit Kat in most countries is a fairly ordinary biscuit covered in chocolate, but the new store will stock exclusive varieties of the chocolate bar created in collaboration with Japanese chocolatier Takagi.

In Japan, Kit Kat has been the country's favourite chocolate since 2012. Indeed Kit Kat is close to achieving cult status in Japan, according to Kit Kat's global brand manager, Stewart Dryburgh, who says he is thrilled that the new shop will showcase new premium products. Kit Kat's success has been fuelled by the launch of hundreds of unusual and innovative flavours to meet Japanese tastes and "sense of style." They include Purple Potato, Cinnamon Cookie, European Cheese, Bean Cake and Wasabi - unwrapping sticks of pale green, delicate pink and lilac chocolate that look and taste very different from those anywhere else in the world.

 

Have you got any stories that Lai See should know about? E-mail them to howard.winn@scmp.com

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sam.gillespie.184
"""""Mainlanders are highly visible in the Maldives and Kenya. Apparently one of the most frequent questions mainlanders ask their guides, while on safari trips, is which animals are good to eat""""
It is unfortunate that foreigners write about the Chinese but know nothing about Chinese culture. Asking if an animal or plant is edible has been part of every Chinese question when they encounter something that is not familiar to them, not only mainlanders.
In Cantonese, " sig mm sig duck" is the question people ask when they see a strange animal or plant.
It's like the first thing when white people encounter something strange is for them to put it to their nose and smell it.
Chinese people prefer to ask when white people prefer to put it up their nose.
impala
I doubt a lion, a rhinoceros or a manta ray are 'unfamiliar' to most Chinese. I am sure they have seen them on television, on photographs, or in the zoo. And if one books oneself on a safari tour or a scuba diving expedition, we can assume that the main reason for this is precisely to see a giraffe or a whale shark. To then ask whether an elephant is suitable for the hot pot is not coming forth out of an innocent sense of wonder. We are not talking about a strange kind of root vegetable at the wet market here. If it is, then the state of Chinese (primary) education is even worse than many fear.

On balance, it seems much more likely, that what these tourist are truly oblivious about (or indifferent to) is the endangered nature of many species that can be observed on a safari tour, and sadly it is only a matter of time before some enterprising Kenyans begin to (literally) cater to such interests. Then, in addition to poaching for ivory (a horrendous practise caused for 80~90% by the Chinese demand for it), we will have to deal with the targeting of jaguars for their lean meat.
sam.gillespie.184
I wouldn't worry about Chinese education as Shanghai ranks number one as the best in academic standings in the world. Perhaps you would need a bit of educating since you can't read English properly. If a Chinese can identify a lion, a rhinoceros or a manta ray, would he or she be asking whether it is edible?
So the statement::
"""""Mainlanders are highly visible in the Maldives and Kenya. Apparently one of the most frequent questions mainlanders ask their guides, while on safari trips, is which animals are good to eat""""
obviously points to animals that the Chinese are not familiar with and don't know if they are edible or not.
A very natural question for a Chinese to ask.
On the other hand, Chinese people do not eat jaguars and it appears that you are quite familiar with the quality of the jaguar meat.
Perhaps you are one of those big game hunters who pays $350,000 for the privilege to kill an endangered black rhino and call it as a way to save the endangered specie.
When white people kill endangered species they say they are trying to save the animals, a tad hypocritical don't you think?
rpasea
Glad to know Chinese tourists won't be smashing mirrors in Hungary!
John Adams
I recently visited my Oxbridge Almer Mater
There were more Chinese tourists than students !
PS : Will it be Hello Kitty Kat wasabi cookies?
sam.gillespie.184
Why do you want to stay in Hong Kong?
Go back to England.....
I really love those ingrate expats clawing their way to stay in Hong Kong and pretend to be superior to the Chinese, you are living off the Chinese and trying to justify your existence.
Go back to England and don't come back
 
 
 
 
 

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