In looking at the forecasts for the Chinese New Year it is very clear this is going to be a good year in California for international tourism, and especially wine tourism. It looks to be a rough year in Australia for wine tourism, which isn’t surprising since the weather there is having a drastic impact on their economy. In South Africa it may a little cool, something which California dealt with in the 2010 vintage (the coldest summer since 1950 they say).
On the east coast of the USA they also have the potential for a great tourism year, how much of that is wine tourism we shall see. I suspect that the California wine country will continue to be a favorite place for international money to be invested. Some of the money poured into Napa in the past few years by wealthy foreigners has been stunning in its size. All through this recession construction has continued, more hotels, more wineries, more restaurants. Obviously the smart money is betting on the North Bay Wine Country.
The Chinese New Year Forecast offers some interesting insights about how the year will develop globally and how we may experience personally. You can find it at www.SpaceAndTime.com.
Ralph de Amicis www.AmicisTours.com
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