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China Tourism Report Q3 2009
Market |
Travel |
Report Type |
Market Research |
Country |
China |
Published |
22 June 2009 |
Number of Pages |
55 |
Download |
|
Immediate |
|
Publisher |
Business Monitor International |
Tourist revenue in China fell, fell by 14.3% year-on-year in January and February 2009, to US$5.6bn
Foreign exchange tourist revenue in China fell, declined by 14.3% year-on-year in January and February 2009, to US$5.6bn. Tourism Arrivals Fall Figures released by the National Tourism Administration of China (CNTA) in April 2009 showed that tourist arrivals fell in the first two months of 2009, following on from the full-year decline seen in 2008.
In January and February, total foreign tourist arrivals totalled 3.1mn, representing a fall of 22.8% year-on-year (y-o-y). However, February figures alone were not so dispiriting, with arrivals falling by 12.9%. This indicates that arrivals fell particularly heavily in January following the Christmas holiday season.
Accordingly, foreign exchange tourist revenue also fell, declining 14.3% y-o-y in January and February, to US$5.6bn.
China’s tourist downturn is in line with the global-wide industry slowdown. While this is likely to recover in 2010 in line with the global economy, arrivals will remain subdued in 2009. However, China will look to the domestic tourist industry (including Hong Kong and Macau) to provide some resilience, with the economic downturn meaning that fewer Chinese are likely to travel abroad in 2009.
Tibet is set to be one of the focal points of Chinese tourism in 2009.In this year, Beijing will be holding a series of events to mark the 50-year anniversary of Tibet’s incorporation into China, serving to attract both foreign and domestic tourists, Indeed, in Q1 2009 tourist arrivals to the Tibet Autonomous Region rose by 6.9% y-o-y, to 140,000, bucking the national trend. At the same time, tourist receipts rose to CNY128.6mn, a rise of 5.0% y-o-y. As such, the regional tourist administration is expecting total tourist arrivals of 3.0mn in 2009. There had been concerns that Tibet’s tourist industry would suffer heavily from the pro-independence riots in March 2008, after which the region was closed to foreign tourists for a period. However, encouraging Q109 figures suggest that this has not been the case and that arrivals will continue to perform strongly in 2009.
China Southern Reports 2008 Loss In line with the rest of China’s aviation industry, carrier China Southern reported a full-year loss for 2008.
The company made a loss of US$705.8mn, after posting a profit of US$269mn the previous year.
However, the company’s loss was not due to a decline in business but more to an increasingly adverse operating environment. Indeed, its revenues rose by 1.6% y-o-y, to US$8.1bn. Yet operating costs rose sharply, to US$9.0bn, representing a 16.6% increase y-o-y. In particular, China Southern suffered from the steep rise in oil (fuel) prices in H108, and is expecting its operating costs to reduce in the lower oil price environment of 2009.
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