Resort Savers, Inc. (RSSV) Invest in Global Chinese Tourism Resort Savers, Inc. (RSSV) Invest in Global Chinese Tourism Market through Portuguese Resort Projects
With its major investments in the Chinese petroleum industry’s cleanup efforts fresh on the minds of shareholders, Resort Savers, Inc. (OTCQB: RSSV) has continued its global expansion through the announcement of significant investments in fast-growing resort and residency development projects throughout Portugal. Through these investments, as well as a potential future resort acquisition, the company is positioning itself to capitalize on the growing Chinese tourism market, which is the most rapidly expanding in the world.
“The Chinese are world travelers and exceeded 100 million outbound travelers last year,” said Zhou Gui Bin, President of RSSV. “Our resort and residency development investments throughout Europe will target the 64% of China’s rich – which we define as having assets of more than $1.6 million – who are traveling for pleasure or seeking to make residency real-estate investments.”
As tourism destinations around the globe scramble to accommodate a boom in Chinese tourism numbers, experts are predicting that the current market is just a taste of what’s to come. According to a report from China Daily, the number of outbound Chinese tourists is expected to reach 200 million by 2020, with potentially triple the spending power of the current market. China’s growing per-capita GPD, as well as widespread reform in the vacation day standards of employers throughout the world’s most populous nation, are among a long list of factors expected to help fuel the unprecedented growth.
The same report indicates that, while Asian countries will continue to benefit immensely from China’s tourism boom, western countries, particularly those throughout Europe, represent ‘dream destinations’ for many mainland tourists. These statistics are reflected in RSSV’s keen investment strategy. “We want RSSV properties to be the Chinese travel and investment destination of choice,” Zhou continued.
Portugal’s Golden Visa Program may offer a bit of insight into the country’s appeal for Chinese tourists. The European nation launched its Golden Visa Program, which is used to fast track fully valid residency permits for foreign investors from non-EU countries who make substantial investments in the Portuguese economy, in October 2012. According to reports by AICEP, a Portuguese government agency that works to attract foreign investment, an impressive 80 percent of all Golden Visa investors have been Chinese buyers.
If the Golden Visa statistics are any indication of Chinese travelers’ desire to visit Portugal, RSSV’s recent investments should strategically position the company for great returns in the coming years.
For more information, visit www.resortsaversinc.com and www.worxamerica.com
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