WITH an estimated 2 billion new middle-class consumers expected to come into the markets from emerging powerhouses China, India and Brazil over the next two decades, the travel industry sees a potential gold rush ahead.
''The growth of China outbound travel is moving at a huge pace - it is about a 20 per cent increase every year. And the number of outbound Chinese travellers hit 58 million last year,'' said David Scowsill, chief executive of the World Travel and Tourism Council, a US industry promotion group.
''And if you look ahead, [with about] 1.6 billion coming out of China and India, there are a huge amount of people coming in with money to burn.''
Read more at The Sydney Morning Herald
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