Using China as an example, he says although one sees Chinese travellers everywhere, the passport penetration rate is only 5% of the population. Chinese tourism is in its early stages and that negative factors such as weaker currencies will not have an impact on the tourism sector in the long-term.
FSA Investment Forum Singapore: Asian consumption plays
In a video interview, Mirae's Christopher Chen says Asian consumers are only beginning to travel overseas and the sector is expected to blossom over decades.
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FSA SPY
The FSA Spy market buzz – 22 November 2024
Dimensional excludes the Middle Kingdom; JP Morgan’s optimistic outlook; Household wealth is rocketing; Schroders is thinking about privates; Ninety One’s pithy AI; German woes and much more.
