Chinese travellers flocked to tourist hot-spots across Asia over the Chinese New Year break, with visitor numbers and spending in destinations including Singapore, Thailand and Malaysia exceeding pre-Covid levels. Visa-free access for Chinese tourists to the South-east Asia countries boosted traffic and signalled a robust revival in travel since Beijing.
Chinese travellers flocked to tourist hot-spots across Asia over the Chinese New Year break, with visitor numbers and spending in destinations including Singapore , Thailand and Malaysia exceeding pre-Covid levels. Visa-free access for Chinese tourists to the South-east Asia countries boosted traffic and signalled a robust revival in travel since Beijing .
The increase also provides a welcome relief to countries whose tourism industries rely on the Chinese and their spending for growth, although the outlook for a sustained recovery in overseas travel is overshadowed by a sluggish mainland economy and volatile financial markets that have seen consumers tighten their belts at home. "Despite the macroeconomic headwinds, we believe Chinese citizens are still willing to spend on travel-related experiences... we think travel-related spending could continue to outpace this overall domestic consumption," HSBC said in a research note
Chinese Travellers Asia Chinese New Year Tourism Visitor Numbers Spending Singapore Thailand Malaysia Pre-Covid Levels Visa-Free Access South-East Asia Travel Revival Beijing Tourism Industry Growth Overseas Travel Mainland Economy Financial Markets Consumers HSBC
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