When the United States imposed trade tariffs on $60 billion worth of Chinese goods, and in response China proposed tariffs on $3 billion worth of US goods, some travel stocks fell immediately, including Air China down nearly 5% and Boeing falling by about the same.

A possible trade war would have ramifications across all industries, and this article discusses how Chinese tourism to the US might be affected, including to Chinese business interests across the hospitality industry; how Chinese tourists to the States tend to be wealthier and enjoy independent travel; how China’s UnionPay has penetrated markets across the US, while traditional western payment sources are only making first inroads into China; unfairness in protectionism in the American beef and steel industries; how individual firms depending on Chinese tourism need to be prepared for a possible ban on travel on both sides; what could have happened, had Anbang’s acquisition of Starwood been successful; and the future success of Chinese aircraft development.

Read more:

Tagged with →