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Saturday, July 22, 2017

#Vietnam beats France to crack China's top 10 travel destinations

With 200 million Chinese tourists expected to make outbound trips in 2020, Vietnam is set to become even more popular.

Vietnam has become the 10th most popular destination among Chinese tourists, according to new statistics.

Figures from CLSA, a Hong Kong brokerage and investment firm formally known as Credit Lyonnais Securities Asia, showed Vietnam has overtaken France to enter the top 10, which is led by Hong Kong, Thailand and South Korea.

The survey polled more than 400 Chinese travelers across 25 cities with an average age of 35 and a monthly income of 20,000 yuan ($2,900).

Safety remains the prime concern for mainland travelers, followed by cost and sightseeing opportunities.

A series of terror attacks last year in Europe had deterred Chinese travelers, it said, as cited by the South China Morning Post.

 Last May, a MarketWatch report, citing data from American Express, also showed that summer bookings to Europe’s top destinations, notably France and Turkey, had been hurt by the attacks.

China has always been Vietnam's main source of tourists, and their numbers increased by 57 percent on-year in the first six months of 2017, reaching nearly 1.9 million and accounting for 30 percent of all foreign arrivals. Last year, Vietnam welcomed around 2.7 million Chinese tourists, a jump of 51 percent from the year before.


Vietnamese media said Chinese visitors have been encouraged by a new policy that allows groups of travelers to visit the border province of Quang Ninh, home to the popular Ha Long Bay, for up to three days without a visa.

CLSA reported that 135 million Chinese people traveled abroad last year, and with 200 million Chinese tourists expected to make outbound trips in 2020, Vietnam is set to become even more popular.

A Bloomberg report last December said Chinese tourists could have a big impact on Vietnam’s economy. It said a 30 percent increase in spending by Chinese tourists would boost Vietnam’s economic growth by nearly 1 percentage point. For Thailand, that would be around 1.6 points.

“Chinese tourism is pretty big for ASEAN now, and all the countries rely on Chinese visitors to keep coming and keep spending,” Edward Lee, an economist with Standard Chartered Plc in Singapore, was quoted as saying in the report.

Source - VN Express.net