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Chinese tourists expected to spend nearly $1 trillion on domestic tourism

VietnamPlusVietnamPlus03/06/2024


Tourists visit a scenic spot in Sanya, Hainan province, China. (Photo: THX/TTXVN)
Tourists visit a scenic spot in Sanya, Hainan province, China. (Photo: THX/TTXVN)

The trend of Chinese tourists travelling closer to home is expected to help pump a record 6.79 trillion yuan ($938 billion) into the mainland economy this year, surpassing pre-pandemic levels for the first time.

According to a report by Oxford Economics and the World Travel and Tourism Council (WTTC), Chinese tourist spending in the domestic market is expected to increase by 11% compared to 2019, the time before the COVID-19 pandemic "froze" tourism activities.

WTTC President Julia Simpson said Chinese tourists are starting to travel again and the numbers will continue to increase.

According to Ms. Simpson, the tourism industry has shown strong signs of recovery. Chinese tourists are the driving force for the global tourism industry, with many countries eagerly awaiting the return of Chinese tourists as well as spending activities from the world's largest tourist market.

According to WTTC data, in 2019, Chinese tourists took 170 million overseas trips and spent nearly $248 billion abroad, accounting for 14% of global tourism spending.

However, visa processing backlogs in countries like the US and more expensive international flights have prompted Chinese tourists to opt for destinations closer to home.

Meanwhile, international arrivals to China have yet to recover. Spending by foreign tourists in the mainland this year is expected to reach 715 billion yuan, about 25% lower than in 2019.

China was one of the last major economies to reopen its borders after the pandemic, and flights to the country have yet to fully reopen.

In recent months, China has eased visa restrictions for visitors from Thailand, Malaysia and Singapore, along with some European countries and cruise ship passengers, in a bid to boost tourism and investment.

Earlier this year, China said it was relaxing visa regulations for 11 countries from July 2023.

China welcomed 82 million tourists last year, or about 56% of 2019 levels, according to the National Bureau of Statistics.

Morgan Stanley bank said that even as the world's second-largest economy slows and retail spending slows, tourism remains one of the areas with strong spending.

According to the report, the tourism and travel industry created 80 million jobs this year, about 2% lower than in 2019./.

(Vietnam+)


Source: https://www.vietnamplus.vn/du-khach-trung-quoc-du-kien-chi-gan-1000-ty-usd-cho-du-lich-noi-dia-post956959.vnp

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