Number of Chinese tourists travelling abroad set to hit 200m in 2020: report

[webfact]

Number of Chinese tourists travelling abroad set to hit 200m in 2020: report

By The Nation

 

A CLSA Securities report remains bullish on Chinese tourism, maintaining its forecast of 200 million visitors by 2020.

The new report “2017 Global Tourism: Making waves in Asia”, explored the key growth drivers in Chinese outbound travel destinations, a theme that CLSA, Asia’s capital markets and investment group, has tracked since 2005.

 

While 2016 was challenging, impacted by terrorist attacks in Europe and weaker spending in the US, the tide turned in the third quarter of 2016, largely driven by the wealth effect among Chinese consumers, the report said.

 

Other driving factors affecting Chinese international tourist ambitions include extra holidays, easing travel restrictions and greater desire for experiencing different cultures and activities.

 

CLSA’s proprietary survey of more than 400 Chinese travellers reveals that the top two most visited destinations were Hong Kong and Macau, followed by Thailand and Japan.

 

Chinese tourist arrivals to South Korea and Taiwan slowed due to political tensions, while Singapore, Indonesia, Malaysia, the Philippines and Australia have seen growth in popularity over the past three years.

 

In September 2016, the Thai government cracked down on zero-dollar tour group operators from China; Thailand has seen a drastic slowdown in year-on-year growth in Chinese tourist arrivals – from 70 per cent in 2015 to 11 per cent in 2016.

 

Over January-May 2017, growth in such arrivals dropped 5.6 per cent YoY. Fortunately for Thailand, the country is seeing an increase in tourists from other destinations, which more than offsets the drop in Chinese tourists.

 

CLSA’s survey sees Japan, Thailand and the United States voted as top leisure destinations in the coming three years. In 2017, Australia ranks fourth most desirable destination; a significant rise from the 2015 Chinese traveller ‘wish list’, where Australia ranked 10th. CLSA’s proprietary survey also reveals that if money were no issue, the two most desired destinations for Chinese tourists are the US followed by France.

 

Chinese international tourism spending has more than tripled since the US$73 billion (Bt2.5 trillion) recorded in 2011, reaching $261 billion in 2016. CLSA anticipates Chinese tourist spending overseas will reach $429 billion in 2021. 

 

Yuan depreciation and stricter customs checks are among factors weighing on overseas shopping, but as Chinese travellers become more sophisticated, shopping continues to be a less important tourism driver than in the past. Some survey participants commented that shopping for others while on holiday has lost its appeal, with many international goods now available on the mainland due to the rise of cross-border e-commerce.

 

While Chinese tourists express a stronger desire for new experiences, safety remains a key concern. CLSA’s 2017 survey findings indicate that 70 per cent of respondents claim safety as the most important factor influencing destination choices, followed by travel costs and sightseeing. Events such as the terrorist attacks in Europe and political instability on the Korean Peninsula greatly impacted travel decisions, with Korea especially suffering the loss in visitor numbers to other regional destinations such as Vietnam.

 

CLSA expects gaming, cosmetics, luxury and online sectors to benefit most from the multi-decade Chinese tourism theme. Luxury sales to Chinese tourists are estimated to reach 35 per cent of global sales by 2020. CLSA’s longtime view that online travel remains a direct play of the Chinese tourism theme is supported by a very high 80-per-cent share of Chinese outbound travellers making their travel bookings online.

 

The 235-page report reveals research findings from 409 experienced Chinese outbound travellers across 25 cities, with an average age of 35 years and average monthly income of 20,000 yuan.

 

Source: http://www.nationmultimedia.com/detail/business/30321194

 

-- © Copyright The Nation 2017-07-19

[Ricardo]

" In September 2016, the Thai government cracked down on zero-dollar tour group operators from China; Thailand has seen a drastic slowdown in year-on-year growth in Chinese tourist arrivals – from 70 per cent in 2015 to 11 per cent in 2016."

 

Just ask them to show B10k each to the Immigration Officer on-arrival ?

[trainman34014]

And how many Baht will they spend in Thailand ?

[losworld]

This will be a boom for the number one dining destination for Chinese tourists the 711 stores. 

[inThailand]

"Fortunately for Thailand, the country is seeing an increase in tourists from other destinations, which more than offsets the drop in Chinese tourists."

 

More TAT propaganda?

[Penicillin]

At any given time , it seems as half the population of China is at DMK.  

Sometimes an immigration officer will come by and verbally pull out the cutters and make them go to the end of the line . Once, a cheer broke out among the rest of us waiting .  

[AhFarangJa]

11 hours ago, Father Fintan Stack said:

Anytime I have been on a flight or in an airport with them there has been issues; fighting, causing arguments, pushing into queues, barging, sleeping on seats and floors, belligerence on flights, rude and manner-less on flights, refusing to heed instructions or warnings on aircraft, belching and farting loudly in public, feet up on arm and headrests, messing up public toilets, littering, poor personal hygiene including body odor and foul breath, consumption of alcohol in public areas, shouting, blocking of thoroughfares and right of way, etc.

 

They are a virus.

You forgot Spitting........

[Stargeezr]

Oh and you also forgot picking their noses, well the men anyway, yes and spitting, everywhere.

  I seen this also in China so I guess they act like they are at home , even when they are not.

Geezer

[newnative]

17 hours ago, trainman34014 said:

And how many Baht will they spend in Thailand ?

Answer:  A lot.

[williamgeorgeallen]

sems thailand is going to confiscate the hotels where they stay while in thailand. one next to my old house got taken yesterday. where will ther end up staying?

[newnative]

1 hour ago, williamgeorgeallen said:

sems thailand is going to confiscate the hotels where they stay while in thailand. one next to my old house got taken yesterday. where will ther end up staying?

In all the condos they are buying.

[tryasimight]

20 hours ago, Father Fintan Stack said:

Anytime I have been on a flight or in an airport with them there has been issues; fighting, causing arguments, pushing into queues, barging, sleeping on seats and floors, belligerence on flights, rude and manner-less on flights, refusing to heed instructions or warnings on aircraft, belching and farting loudly in public, feet up on arm and headrests, messing up public toilets, littering, poor personal hygiene including body odor and foul breath, consumption of alcohol in public areas, shouting, blocking of thoroughfares and right of way, etc.

 

They are a virus.

Could equally apply to any group of quality tourists from the UK in my experience....but that's after they have arrived in Thailand.

[HiSoLowSoNoSo]

21 hours ago, trainman34014 said:

And how many Baht will they spend in Thailand ?

Or how many of them will be scammed in Thailand until the words back in China gets out?

[tryasimight]

2 minutes ago, Father Fintan Stack said:

Nonsense.

 

??????

[YetAnother]

On 7/19/2017 at 3:37 PM, webfact said:

CLSA’s proprietary survey of more than 400 Chinese travellers reveals that the top two most visited destinations were Hong Kong and Macau, followed by Thailand and Japan.

ok thailand is currently 3rd; using the 200 million estimate, imagine thailand would have double the current amount of chinese tourists; ouch; i live on the fringe of a world-known tourist attraction and we literally leave wherever we might be (example, restaurant) when a group of chinese comes in; they exhibit remarkably bad behavior when in another country

[Nowisee]

On 7/20/2017 at 3:48 PM, newnative said:

In all the condos they are buying.

They are buying condos and renting them out to other chinese that travel to here.  Sorta ABNB style.  

They will destroy a good quiet condo block in short time.

 

 

 

 

[newnative]

41 minutes ago, Nowisee said:

They are buying condos and renting them out to other chinese that travel to here.  Sorta ABNB style.  

They will destroy a good quiet condo block in short time.

 

 

 

 

True.  And, breaking the Thai Hotel Act at the same time with the illegal short-term rentals, as well as most condo by-laws that also ban short rentals.