China's outward foreign direct investment in tourism

Li, Xinjian; Huang, Songshan; Song, Changyao

doi:10.1016/j.tourman.2016.07.007

Cited by 37 publications

(39 citation statements)

References 21 publications

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“…It appears that the impact of migration on the transnational investment of tourism enterprises (FDI) is an increasingly important phenomenon in the development of the tourism industry. With respect to the close link between tourism flows and transnational investment (Santos, Brochado, and Esperanca 2016; Li, Huang, and Song 2017), it is important to better understand whether and how emigration influences the tourism OFDI. This knowledge also enriches the existing MLT theory.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Moreover, Pranic, Ketkar, and Roehl (2012) argued that market connectivity has positively influenced cross-border investment of the hotel industry. In order to explore the macro-location factors of tourism OFDI in emerging economies, Li, Huang, and Song (2017) found that China’s tourism OFDI has been significantly affected by the tourism consumption of the host country. Academic research on the determinants of tourism OFDI has mainly focused on the economic level, rather than being explored from the sociocultural perspective.…”

Section: Introductionmentioning

confidence: 99%

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The Influence of Emigration on Tourism Outward Foreign Direct Investment: Evidence from China

Song

Shi

Chen

et al. 2019

Journal of Travel Research

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With the growth of economic globalization and international tourism, tourism outward foreign direct investment (OFDI) has become a significant phenomenon in the development of the tourism industry. This article aims to estimate how emigration affects OFDI in tourism. It develops the theoretical framework of the effects of emigration on tourism OFDI, including the outbound tourism effect, the economic effect, the cultural effect, and the social effect. The empirical evidence in China reveals a significant effect of Chinese emigration on China’s tourism OFDI. However, this positive effect is found to decrease over time. This study also suggests that the level of development in the destination country, cultural distance, and geographical distance determine the size of this positive effect. Lastly, it was found that Chinese emigration has also had a positive effect on China’s OFDI in tourism to developed economies and neighboring economies.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Influence of Emigration on Tourism Outward Foreign Direct Investment: Evidence from China

Song

Shi

Chen

et al. 2019

Journal of Travel Research

Self Cite

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“…Later, it allowed Chinese citizens to visit relatives in three Southeast Asian countries. All of these highlights the unique geographical advantages of outbound tourism in Fujian province [5].…”

Section: Advantageous Conditions For Developing Outbound Tourism In Fmentioning

confidence: 89%

Study on the Influential Factors of the Development of Outbound Travel Market Based on qThe Belt and Road Initiativesq

Chen¹

2018

Proceedings of the 2nd International Conference on Economics and Management, Education, Humanities and Social Sciences (EMEHSS

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The Belt and Road Initiatives" strategic background and significance of the research are explained. The present situation of the outbound tourism in Fujian province is investigated and analyzed. Through the analysis of the development characteristics, development stages and advantages of outbound tourism in Fujian province, the present situation of the development of outbound tourism in Fujian province is fully understood. Under the strategy of "The Belt and Road Initiatives", the development of outbound tourism modes in Fujian province is an industrial coordination mode, a management coordination mode and an enterprise coordination mode. At the same time, suggestions for accelerating the development of outbound tourism in Fujian province have been put forward. 1. Introduction In September and October 2013, during a visit to Central Asia and Southeast Asian countries, Chinese President Xi Jinping proposed the "Silk Road Economic Belt" and the "21st Century Maritime Silk Road" (hereinafter referred to as" The Belt and Road Initiatives"). It has drawn great attention from the international community. At the 2013 China-ASEAN Expo, Chinese Premier Li Keqiang stressed that speeding up "The Belt and Road Initiatives" construction will be conducive to promoting the economic prosperity and regional economic cooperation of all countries along the line [1].The proposal of "The Belt and Road Initiatives " strategy has profound realistic and long-term significance. It is a national strategy of great significance in the process of building a well-off society in an all-round way. The implementation of "The Belt and Road Initiatives" will surely promote the all-round economic and social development. From an international strategy, it is conducive to China's all-round new pattern of open land and sea coordination and mutual assistance between the east and the west. It will bring about advantages and win-win results for all countries along the line. From a domestic strategy point of view, it is an important measure to promote the coordinated development of the region and the coordinated development of economy and society. At the same time, it has also increased its investment in tourism, economy and trade, infrastructure construction and transportation development. Therefore, under this strategy, economic cooperation will be closer and closer. This will further promote the rapid development of outbound tourism. As the concept of "The Belt and Road Initiatives" has gradually become popular with the public, more and more consumers will develop outbound tourism from traditional domestic travel. In the context of the whole economic development, tourism will face unprecedented opportunities and challenges [2]. 2. The Concept of "the Belt and Road Initiatives" Strategy "The Belt and Road Initiatives" means the abbreviation of "Silk Road Economic Belt" and "21st Century Maritime Silk Road." It is estimated that the total population along "The Belt and Road Initiatives" is about 4.4 billion with a total economic output of about 21 trilli...

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“…Along with China's development as the top country of tourist's resources for global tourism, China's hotel entrepreneurs note that the volume of tourism flow in host countries can bring market shares and profits as generated by brands going global in the tourist destinations [11]. So far, acquisitions are the primary mode of overseas expansion adopted by China's hotel industry in acquisition of property or brand, different from the traditional mode adopted by international hotel group"s marketing expansion in China.…”

Section: China's Hotel Brands Expanded By Way Of Acquisition Inmentioning

confidence: 99%

Opportunities, Strengths and Measures for China's Hotel Brands to Go Global in the Context of lThe Belt and Roadr

Liu¹,

Lin²

2018

Proceedings of the 3rd International Symposium on Asian B&R Conference on International Business Cooperation (ISBCD 2018)

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China's hotel industry grows rapidly under the guidance of China's open-door policy, in the context of "The Belt and Road" development, China's hotel industry gets a great opportunity to enhance its international competitive capability in the global market. This paper analyzes some existing problems in China's hotel expansion and puts forward some proposals to solve these problems, and develop China's hotel brands.

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China's outward foreign direct investment in tourism

Cited by 37 publications

References 21 publications

The Influence of Emigration on Tourism Outward Foreign Direct Investment: Evidence from China

The Influence of Emigration on Tourism Outward Foreign Direct Investment: Evidence from China

Study on the Influential Factors of the Development of Outbound Travel Market Based on qThe Belt and Road Initiativesq

Opportunities, Strengths and Measures for China's Hotel Brands to Go Global in the Context of lThe Belt and Roadr

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