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China Merchants International published a Research Report, citing travel data from the Spring Festival holiday in January to February this year, believing that overall tourism demand in China remains strong. The bank stated that while it reaffirms its optimistic view on the tourism Industry, it believes that recent incidents of electronic fraud related to Chinese citizens in Thailand may lead to a decrease in outbound travel demand to Southeast Asia.
During the Spring Festival holiday, the overall number of visitors to Hong Kong was approximately 1.4 million, with hotel occupancy rates generally reaching 90%.
The mainland Spring Festival holiday (from January 28 to February 4) ended yesterday, with a total of about 1.4 million visitors to Hong Kong, and the arrangements for receiving tourists were smooth.
The potential of "China Travel": there is still an annual increase of 200-350 billion RMB.
Bank of America predicts that if the proportion of tourism exports to GDP in China can catch up to the levels of South Korea or Japan, it will bring more than 20-350 billion yuan in income to China's tourism industry.
HK Eyes 60% Tourism Growth By 2029 In New Blueprint
