- Posted by Newsdesk
- On 26th September 2018
- china outbound tourism, Chinese Tourism, chinese tourism data, chinese tourist arrivals, COTRI statistics, COTRI Weekly, south korea
Following the better-than-anticipated total of 80 million Chinese tourist arrivals seen around the world in H1 2018 – a year-on-year increase of 16.4% – COTRI raised its annual forecast for the whole of 2018 from an initial 154 million to 160 million Chinese border crossings. Should this total be achieved, it would represent a growth rate of 10.3% against 2017’s annual total of 145 million arrivals.
Within 2018’s robust double-digit growth rate is a wide range of trends and narratives that reveal different development rates in various destinations. A pillar among the total H1 2018 figure is the strong growth posted by top-two global Chinese outbound destinations; Hong Kong SAR (23.7 million arrivals, +13.4% YoY) and Macau SAR (11.7 million arrivals, +13.3% YoY), contributing a net addition of 4.2 million arrivals between them. With the inclusion of Taiwan, the three Greater China destinations still account for a large share of the total Chinese outbound tourism market (45.9%), meaning that trend shifts in these destinations can have a notable effect on global patterns.
For the rest of the article please see the following link: https://paper.li/cotriweekly#/