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Golden Week provides mixed fortunes; Outlook for Chinese New Year cautiously optimistic

Golden Week provides mixed fortunes; Outlook for Chinese New Year cautiously optimistic



Sales to Chinese tourists increased by 16% in October, predominantly boosted by strong gains in France, Italy and Spain

15th November 2017

 

Sales to Chinese tourists increased by 16% in October, predominantly boosted by strong gains in France, Italy and Spain, but moderated by muted gains in Germany and a decline in the UK, although mitigated by the fact that UK saw gains in excess of 60% in the same period last year.

 

Reports from Ctrip indicate that whilst South East Asian countries increased in popularity for these tourists over this period, increasing numbers opted for countries in Central and Eastern Europe, with the Czech Republic, Austria and Italy cited as evidencing significant increases in bookings. This increase in travel to less conventional destination options saw sales to these tourists in Austria and the Czech Republic increase by 35% and 46%, respectively.

 

The current outlook for January 2018 for arrival numbers to the main destination markets suggests a 27% decline, attributable to the timing of the Chinese New Year and Golden Week in 2017. With Chinese New Year celebrations for the Year of the Dog commencing on 16th February in 2018, early indications from our partners at Forward Keys suggest that whilst South East Asian countries look to continue to benefit, bookings for outbound travel to Europe in Feb-18 currently look extremely positive with gains between 30 to 40% predicted.

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