According to Prof. Lisa Wan, Associate Professor of School of Hotel and Tourism Management, “China’s growing global competition in suborbital flights could boost innovation, bolster efficiencies and drive down the cost of #SpaceTourism,” with ticket prices falling to as low as USD40K in the next decade.
Prof. Wan found that Chinese are willing to spend an average of USD1.6M for #SpaceTravel, while Americans are only willing to spend an average of USD910K. That’s why she believes Hong Kong could become a hotspot for the space tourism industry, with China’s CAS Space already developing commercial satellite launches and plans to take space tourists as early as 2024.
Read more in: English https://cbk.bschool.cuhk.edu.hk/space-tourism-by-2024-a-growing-possibility-in-china/ Tradiational Chinese https://www.bschool.cuhk.edu.hk/chi/china-business-knowledge/space-tourism-by-2024-a-growing-possibility-in-china/
Simplified Chinese https://www.bschool.cuhk.edu.hk/chi/zh-hans/china-business-knowledge-sc/space-tourism-by-2024-a-growing-possibility-in-china/
#ChinaBusinessKnowledge #CUHKBusinessSchool #LookForward #CUHKInsights #ExpertInsights #BusinessInsights #SpaceFlight #SpaceHotel #SpaceTrip #SpaceTourist #SpaceIndustry
