Influx of Chinese tourists set to boost hotel earnings in 2024

[snoop1130]

 

Chinese tourist arrivals are staging a phenomenal comeback, promising a lucrative windfall for local hotels just in time for the high season.

 

Analysts predict this tourist surge to continue its upward trajectory, creating an economic boom for the hotel industry.

 

Chinese tourist arrivals are making an astonishing recovery this month, igniting hopes for a booming hospitality sector that analysts believe will persist until the upcoming Chinese New Year on February 10. Official data reveals a bounce-back in December, with key markets such as China, Russia, South Korea, and India leading the resurgence.

 

According to Boonyakorn Amornsank, an analyst with Maybank Kim Eng Securities (Thailand), average daily arrivals from China in the first half of the month accelerated to 47% of the daily average in the same period of 2019. Boonyakorn asserts that this momentum is expected to persist through to Chinese New Year on February 10 next year.

 

However, the Maybank analyst highlights a potential hurdle— the slow resumption of flight capacity for Chinese flag carriers, posing a downside risk to the Tourism Authority of Thailand’s ambitious target of hosting 8.2 million Chinese visitors in 2024, compared to the projected 3.5 million for this year.

 

By Puntid Tantivangphaisal

Caption: Photo courtesy of The Nation

 

Full story: The Thaiger 2023-12-28

 

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[connda]

18 minutes ago, snoop1130 said:

Chinese tourist arrivals are staging a phenomenal comeback, promising a lucrative windfall for local hotels just in time for the high season.

Tomorrow:
TAT frets that tourism is tanking because Chinese are afraid to come to Thailand due to Thai-on-foreigner violence. 

[Mavideol]

21 minutes ago, snoop1130 said:

Analysts predict this tourist surge to continue its upward trajectory, creating an economic boom for the hotel industry.

has been a while we didn't have the famous TAT quotes=  estimates-hopes-wishes-anticipates-phenomenal comeback, etc... but, but there is already a warning ....However, the Maybank analyst highlights a potential hurdle  555

[impulse]

Beijing records longest cold wave in modern history

 

https://edition.cnn.com/2023/12/24/asia/beijing-cold-weather-china-intl/index.html

 

Nuff said...

[Stocky]

Sad, this Chinese tourist obsession is becoming akin to a cargo cult.

[zzaa09]

The Yellow Peril and their hordes.

Beware.....

[yang123]

 Fixed that:

"average daily arrivals from China in the first half of the month were 53% lower than the daily average in the same period of 2019."

[mokwit]

1 hour ago, Stocky said:

Sad, this Chinese tourist obsession is becoming akin to a cargo cult.

Xi is "Number One Big Fella"

[hotchilli]

13 hours ago, snoop1130 said:

Chinese tourist arrivals are staging a phenomenal comeback, promising a lucrative windfall for local hotels just in time for the high season.

 

Analysts predict this tourist surge to continue its upward trajectory, creating an economic boom for the hotel industry.

Just give it up... this daily drivel is becoming boring

[StayinThailand2much]

20 hours ago, connda said:

Tomorrow:
TAT frets that tourism is tanking because Chinese are afraid to come to Thailand due to Thai-on-foreigner violence. 

 

Followed two days later by: "Chinese visitor arrivals jumped by a staggering 100,000% compared to May 2020!" (when there were 800, or so)...

 

 

Edited December 29, 2023 by StayinThailand2much

[Pouatchee]

Doubtful. Every week new click bait headlines. Seems like they think that people will suddenly materialise cos they said so

Edited December 30, 2023 by Pouatchee

[spidermike007]

The Chinese are coming, the Chinese are coming! They will solve all of our self created problems. 

[whiteman]

[daveAustin]

Will avoid ThaiVisa if this rubbishy clickbait posting continues. It’s all to get you to comment.

 

First, if they are making an astonishing comeback it goes against most of what has been posted of late 

 

Second, if it is true, it benefits just a few moneymakers while pissing off practically everybody else 

 

Third, YUCK!

 

[daveAustin]

Gearing up to celebrate Chinese new year? Wt F don’t they do it on their own turf? Stop inflicting that tat on everyone else. The REAL new year will be done already!

[2baht]

On 12/28/2023 at 5:14 PM, snoop1130 said:

Chinese tourist arrivals are making an astonishing recovery this month

How many will stay? Insurgents!

[actonion]

One day they say Chinese not coming, next day they say hordes of Chinese arriving..... Who believes their  BS

[kinyara]

4 hours ago, actonion said:

One day they say Chinese not coming, next day they say hordes of Chinese arriving..... Who believes their  BS

 

The best approach I find, if you're at all interested - I get that most aren't, is just to look at the official numbers at the end of each month, compare it with historical data and draw your own conclusions. Too much effort for the majority, but I got interested during Covid because I live in a tourist city and wanted to gauge the scale and pace of recovery from a unique zero start point. The articles on here are from numerous different sources with varying degrees of credibility so the last thing to expect is consistency.

[StayinThailand2much]

10 hours ago, actonion said:

One day they say Chinese not coming, next day they say hordes of Chinese arriving..... Who believes their  BS

 

Talk is cheap, but I trust more the flight management of the airlines; they know when their planes are full, or only half-full... On what does this Maybank analyst base his optimistic projections; last night's cannabis intake?

Edited December 31, 2023 by StayinThailand2much