Chinese Tourism: 10% year-on-year increase for Q3 2018

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Chinese Tourism: 10% year-on-year increase for Q3 2018COTRI publishes Chinese outbound tourist arrival data

Hamburg 21.11.2018. COTRI has released its latest Chinese outbound tourism data for Q3 2018, revealing strong year-on-year growth compared with Q3 2017, albeit at a slower rate than seen in the first two quarters of 2018.

The third quarter of the year saw 43 million border crossings made by Chinese nationals worldwide. Among this figure, 20 million arrivals were recorded within the Greater China region (Hong Kong SAR, Macau SAR and Taiwan), while the remaining 23 million – 53% of the total – were made in destinations around the rest of the world.

Overall, Q3 2018’s 43 million border crossings represent a 10% year-on-year increase against 2017’s results, while Q1 and Q2 2018’s year-on-year growth rates were 17% and 16% respectively.

COTRI’s recent results bring the total for the first three quarters of 2018 to a combined 123 million border crossings worldwide, a figure 14% higher than 2017’s equivalent. Should Q4 2017’s 37 million Chinese arrivals be matched, COTRI’s forecast total of 160 million annual border crossings for 2018 will be reached. However, factoring in a year-on-year increase of 10% as seen in Q3 2018, this total becomes 164 million.

The most-recent quarter’s lower growth in comparison to the figures posted in the first two quarters of the year can be attributed in part to a gradual slowdown in year-on-year increases in Hong Kong following its strong start to 2018, but weak growth in key destinations including Thailand, Australia, Singapore and Germany among others has also impacted results. The US and UK notably have seen dropoffs in Chinese arrivals, with increased political stability and the fear of potential visa issues exacerbating problems.

Among destinations to have seen success in attracting Chinese arrivals in Q3 2018, Nepal stands out as a leading example having recorded 40,000 arrivals for the quarter (YoY +77%) and a total of 110,000 for the year so far. Should the country be able to maintain its positive course, Nepal could well exceed its record high annual arrivals total of 123,000 set in 2014 before the impact of the 2015 earthquake and recent political instability affected its destination image among the Chinese outbound market.

While traveller expenditure data is not yet available for the period, trends suggest that overseas spending has plateaued, if not decreased. This can be attributed to the fact that long-haul destinations have not been able to grow their market share, while shopping is losing its importance as a key activity for Chinese outbound travellers. Furthermore, the continuation of Beijing’s anti-graft campaigns means that growth in expensive overseas purchases such as on luxury goods and real estate is slowing as many travellers exercise caution in their spending.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Photo Source: pixabay.com


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