by Lisa A. Grimaldi | June 11, 2014
Chinese outbound tourism increased by 18 percent in 2013, to 98 million tourists, making China the largest tourism market in the world, according to The Chinese Luxury Traveler 2014, released by Hurun Report and ILTM Asia. The top five preferred hotel brands ranked in order were Shangri-La, Ritz-Carlton, Peninsula, Mandarin Oriental and Four Seasons. Sheraton, which came in at number six, placed the highest of all nonluxury brands. Australia replaced France as the top-preferred international destination, while Dubai jumped to fifth place from the number-eight spot in 2012. The United States, which in 2012 was ranked number two, fell to sixth place. The rest of the study can be found here.