- Posted by Newsdesk
- On 6th December 2017
Last week saw COTRI publish its forecast for Chinese outbound arrival numbers for 2018 in its COTRI Market Report, declaring that the annual total of border crossings is projected to reach 154 million, representing a 6.3% year-on-year increase against the 145 million forecasted for 2017.
While 6.3% overall annual growth may seem modest in light of the steady double-digit increases seen in previous years, the statistics reveal far greater trends upon closer inspection.
The first distinction to consider is the division of trips made to destinations within Greater China (Hong Kong SAR, Macau SAR and Taiwan) and those beyond it. The total of 154 million forecast for 2018 consists of 68 million arrivals in Greater China destinations and 86 million border crossings made in the rest of the world, thereby representing a split of 44% arrivals within Greater China and 56% in all other destinations. This will represent a 2% year-on-year growth rate against 2017’s arrival numbers for Greater China and a 10% increase for the rest of the world […]
For the rest of the article please see the following link: https://paper.li/COTRIWeekly