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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