• 18
  Nov
  2011

• Chinese Tourists Large Slice of the Insurance Pie

  
  Filed Under: Blogging

Chinese products may be the rage all over the world for their price, albeit not quality, but Chinese tourists are known for their different spending habits. Apart from tourist insurance, they spend a lot on shopping, as they never return home empty-handed. According to a study, each of the travelers spent an average of $1800 per trip, without including pre-paid expenses such as airfare and accommodation.

Often, it is noted, a Chinese tourist will sacrifice good accommodation in order to be able to shop more. He/she may even skimp on dining, in order to maximize shopping. This pattern emerges when studying Chinese tourism to developed countries, where brands are available for much less when compared to the prices in China.

Some of the destinations that Chinese travelers prefer include Hong Kong and Macau. However, they are increasingly visiting other Asian countries for shopping, including Singapore and Dubai. When traveling for more than just shopping, Chinese travelers prefer Europe and the USA.

A Chinese tourist may also be tempted to go without tourist insurance, but insurance for Chinese tourists is available at affordable rates, with a range of deductibles and maximum benefits to choose from. The amount spent on tourist insurance is usually a low percentage of the total spending of a tourist.

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