Although outbound tourism will be adversely affected by the RMB’s exchange rate if it continues to fall, immediate effects are expected to be limited.
Shanghai Disney Resort’s current annual consumer expenditure reaches RMB50 billion and it is estimated to receive 12 million visitors when it opens in May 2016.
New Zealand received 313,000 Chinese visitors in the first six months of the year and it expects up to 350,000 arrivals by year end.
Japan received over 10 million foreign visitors in the first seven months this year, with the number of Chinese visitors nearly doubling to 2.17 million.
Chinese flying to the US from five Chinese cities – Xiamen, Fuzhou, Chengdu, Shenyang and Harbin – can enjoy visa-free transit at Toronto and Vancouver.
Korea’s tourism industry is emerging from the unexpected blow of MERS and anticipates a full recovery by August this year.
Wanda chairman Jianlin Wang has bared his ambition to dethrone Walt Disney Co. by achieving 200 million visits and becoming the “world’s largest tourism company”.
CTA predicts arrivals of 133 million for this year, up 4%, with total inbound tourism revenue of US$58.3 billion, up 2.8% in the second half of the year.