10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

Chinese outbound travel recovery lags due to costs

  • Automatic
  • 17 June 2024
  • 1 minute read
Total
0
Shares
0
0
0

This article was written by Hospitality Today. Click here to read the original article

Recovery is fading as rising costs and difficulties in securing visas cement a preference for local and short-haul destinations

Jun 17, 2024

The delayed return of China’s outbound travelers to pre-COVID levels is impacting travel-related companies, hotels and retailers worldwide. These travelers were previously the world’s largest spenders on international tourism and airlines.

Key takeaways

  • Eighteen months after China lifted its strict zero-COVID policy and reopened its borders, the recovery in outbound travel is not meeting market expectations. Instead, there’s been a notable increase in domestic travel by Chinese travelers;
  • A prolonged real estate crisis, high unemployment and a gloomy economic outlook in the world’s second-largest economy have made Chinese consumers more frugal since the pandemic. This has led to discount wars on various products, including travel, cars, coffee and clothing;
  • This slow recovery in Chinese outbound travel is problematic for countries such as France, Australia and the United States, which were top destinations for Chinese tourists before the pandemic;
  • However, international travel is on the rebound. Last year, Chinese travelers regained their position as the world’s top international tourism spenders after falling behind the United States in 2022, according to U.N. tourism data.

Get the full story at Reuters

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Market Trends

German Summer 2025 Travel Boom: Record Bookings Eclipse Climate Concerns

  • Automatic
  • 5 June 2025
View Post
  • Market Trends

The Hospitality Show opens registration for 2025 event, unveils new features to help hotels drive profitability

  • Automatic
  • 5 June 2025
View Post
  • Market Trends

Beneath the Calm: Profit Margins Face Subtle Strain in U.S. Hotels

  • Automatic
  • 5 June 2025
View Post
  • Market Trends

EHL Innovation Rewind: Bernhard Bohnenberger on Mindful Luxury and the Invisible Power of Technology

  • Automatic
  • 5 June 2025
View Post
  • Market Trends

Choice Hotels expands global portfolio with strong upscale growth

  • k.fytaki
  • 4 June 2025
View Post
  • Market Trends

Hospitality as a Catalyst: Revitalizing Cities with Walter Isenberg (Sage Hospitality Group)

  • Josiah Mackenzie
  • 31 May 2025
View Post
  • Market Trends

U.K. travel market sees mobile acceleration and a shifting infrastructure landscape

  • phocuswright.com
  • 31 May 2025
View Post
  • Market Trends

CoStar: U.S. Hotel Industry Continues to Report Mixed Yearly Comparisons

  • LODGING Staff
  • 30 May 2025
Sponsored Posts
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech

    View Post
Last Posts
  • ONYX Hospitality Group Unveils 154-Key Amari Bangsaen
    • 5 June 2025
  • La Vie Hotels & Resorts Announces Management Acquisition of Rydges Norwest
    • 5 June 2025
  • German Summer 2025 Travel Boom: Record Bookings Eclipse Climate Concerns
    • 5 June 2025
  • Mark Hoplamazian Receives Cornell Hospitality Icon of the Industry Award, Announces Commitment to Hire 5,000 More Opportunity Youth by the End of 2028
    • 5 June 2025
  • The Standard, Singapore Now Open
    • 5 June 2025
Sponsors
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.