- Posted by Newsdesk
- On 19th December 2018
- China's outbound tourism grows, chinese market, chinese outbound tourism, cotri, COTRI Analytics, COTRI statistics, COTRI Weekly, forecast
Welcome to the last edition of COTRI Weekly in the year 2018. Last week we looked back at the year 2018, in this edition we will give a forecast for 2019 based on COTRI ANALYTICS data.
Almost half of all border crossings from Mainland China are ending already in Hong Kong and Macau SARs. The territories managed to come back after two weak years with a YoY growth rate of 13% in 2018. With the new bridge connecting Hong Kong, Macau and Zhuhai and the new High-Speed train line bringing Hong Kong and Guangzhou and the rest of China much closer together in terms of time and convenience of travel, the much-talked about “Bay project” is likely to create additional travel for the two SARs. Even with a conservative forecast of again 13% YoY growth, that would add ten million trips to a new total of 85 million in 2019. A tourism policy by the Chinese government which will support the cities and counties in Taiwan which voted for the opposition during the recent elections should help to bring back Mainland arrivals to a level of more than three million in the coming year. Greater China, therefore, can be forecasted to receive altogether 88 million Mainland Chinese visitors […]
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