242 million Chinese are predicted to travel abroad by 2024 – a number that is twice as many of last year’s 116 million Chinese travellers, says HSBC on the South China Morning Post (13 December 2015).  This has led to a surge in Chinese investment in the hospitality market abroad for the past two years, acquiring hotel assets all over the world worth a total sum of over US$5 billion to leverage the millions of Chinese globetrotters. Other reasons for these acquisitions include the slowdown of China’s luxury market and the need for diversification. According to Juwai Co-Founder Simon Henry, “Our range of expectations is to see Chinese global hospitality investment in 2016 at levels from 5 per cent to 15 per cent above 2015.”