The Japanese wedding planning company is hoping to defend against a declining marriage registration rate at home by moving into the Greater China region.
Latest report
30 May 2013
The Japanese wedding planning company is hoping to defend against a declining marriage registration rate at home by moving into the Greater China region.
Few, if any, sectors offer a purer exposure to the rise and rise of China's middle class than travel.
Robust demand for overseas travel tours, the company's mainstay, is expected to support strong performance through the second half.
In spite of a good performance in the travel segment in the first half, overall revenues were dragged down by a poor performance by the company's real estate arm.
Commission rates on airline booking services, over 40% of the travel agent's business, face some pressure from rising competition.
Revenues from the online travel agent's hotel booking services rose 44% year on year in the second quarter, helped by a 58% rise in volumes.
Robust demand for cross-strait flights and recent fare increases on cargo routes to Europe helped China Airlines realise year on year revenue growth of 56% in the first six months.
China's accelerated construction of railways, roads and air links will boost the process of urbanisation in coming years.
The return of inflation and the reduced impact of stimulus measures introduced at the start of this year to boost sales may mean a different course for retail spending in 2010.
The budget hotel operator is ramping up expansion across China following strong performance at its hotels in lower tier cities this year.
Renminbi Compass reflects key changes in the renminbi-denominated investment environment.
Providing research coverage on asset classes as diverse as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art and antiques, as well as its traditional equity fund research.
Renminbi Compass provides orientation for investors navigating the expanding universe of renminbi asset classes.
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