chinese tourism
Why Chinese Tourists Are Not Totally Ready to Make a Revenge Comeback
Dr Yong Chen | March 17, 2023
Insights into the various factors that have impacted Chinese tourists before and after the pandemic, and why the likelihood of a Chinese revenge tourism comeback is slim for the moment. Chinese tourism: Pre and post-Covid Global tourism in 2021 stood at 448 million tourist arrivals and US$637 billion expenditures, which was one-third of the pre-Covid level in 2019. To put it in perspective, the size of global tourism now is equivalent to that of 1990 in terms of tourist arrivals (Figure 1). This unprecedented recession has far eclipsed all impacts of the 1990−91 recession, 2001−02 terrorist attacks, and the 2007−08 global fina...
Chinese Tourism at a Difficult Time
Yong Chen | March 19, 2020
What makes the year 2019-20 unprecedented in Chinese tourism is the spate of incidents coming one after another, namely the US-China trade war, the Hong Kong protests and the novel coronavirus outbreak. By Yong Chen Demand shocks and tourism The global tourism industry could not have been hurt so badly any time in history other than the year 2019−20. The tourism industry involves temporary displacement of people from one place to another, whereby demand is generated. Thus, any factor that impedes tourist flow will cause a negative demand shock in the industry one way or another. The impact on tourism demand depends on the nature of the...
