Around 130 million Chinese individuals travelled overseas in 2017, up 7% from 2016, spending a total of US $115.29 billion, while a European Travel Commission (ETC) survey has found that nearly 60% of Chinese nationals are planning international travel in the first four months of the year, 93% of them settling on Europe.

AccorHotels is looking to partner with either US or Chinese mobile payment solution providers within 18 months, predicting that between 90% and 100% of Chinese transactions will move that way, and away from cash and cards.

In response to growing numbers, Southeast Asian countries are building more airports, estimated at 178 across the Asia-Pacific region, as well as railways, hotels and theme parks, while Chinese hotels in the pipeline represents over 50% of Asia Pacific hotel development.

Among start-ups receiving funding, Beijing-based Trip.io, a travel booking marketplace based on blockchain, looking to solve problems of commission, false reviews and inaccurate updates on room status, received hundreds of millions of yuan; Chinese Hi Guides, providor of B2B ground mobility service for airlines, tour operators and MICE service providers has raised $50 million in its C round of financing; and Taiwan-based strong Supply Chain Management and  destination travel service platform KKday has raised $10.5 million.

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