China gains and the US loses in a world with no foreign tourism

[beijingwalker]

China gains and the US loses in a world with no foreign tourism
May 8, 2020
Long after “stay home” measures have been officially lifted, we probably won’t be straying too far from our own backyards.

This summer’s travel, if it happens, will be mostly local, or at the very least domestic, with Brits swapping Biarritz for Blackpool and intrepid US tourists switching out Uzbekistan for Utah.

But a huge boom in domestic travel won’t affect every country evenly. A report from Bernstein analyst Richard Clarke, which he cautions is more a “thought exercise” than a forecast, looks at which nations stand to benefit, or suffer, “if international travel demand was redirected domestically.”

Take Germany, for instance, with a domestic travel industry worth $265 billion. “Germans then spend $77 billion abroad (excluding the airfare to get there) and Germany gets $47 billion of inbound tourism spend. If we assume that the $77 billion is now spent in Germany but they lose the $47 billion inbound, then Germany’s total tourism market would grow 10%.” The same is true for other wealthy nations with globetrotting citizens, such as Canada, while tourism-dependent countries such as New Zealand or Portugal might struggle.

Of course, the summer’s travel is extremely unlikely to shake out in precisely this way. The many who have lost their jobs due to the pandemic probably won’t spend as much as they did in previous years; moreover, it’s still unclear whether any kind of domestic travel will be possible for the hardest-hit countries. The analysis also assumes that mainland Chinese tourists could not visit Macau or Hong Kong.

https://qz.com/1853353/china-gains-and-the-us-loses-in-a-world-with-no-foreign-tourism/

 

[merzifonlu]

Most idiotic idea. This case everyone lose profits. China too.

 

[Beast]

Most idiotic idea. This case everyone lose profits. China too.

China loses 1%, US loses 10%.. It still can big gain for China.

US economy 2019 - 21 trillion - 10% = 18.9 trillion
China economy 2019 - 14 trillion, -1% = 13.86 trillion

Gap between US and China is only 5 trillion if projected outlook for 2020.

 

[atan651]

Excellent! No Chinese tourists visiting the USA, meaning US would lose up to $30 billion in revenue a year.

 

[beijingwalker]

 

[CIA Mole]

Ban Chinese students too.

US education has become trash outside of graduate programs.

 

[beijingwalker]

US is fighting a losing war against China on all fronts.

 

[thewayoftheworld]

Bad time for Chinese (East Asian in general) in Anglo-American world (US and Australia in particular). You'll get harassed if you come to the US and Australia. China should think twice about spending money on US brand. Most of white luxury brands executive are closet racist. Lululemon is racist. So many spew racist sentiment in their all white circle. Be careful.

 

[beijingwalker]

Wuhan tops Chinese tourists’ domestic destination wish list, but very few are actually visiting

• According to a recent study, Chinese tourists can’t wait to visit the city and Hubei province to aid the area’s economic recovery
• But visitor numbers for the recent public holiday suggest that sentiment hasn’t yet translated into real-world trips

Mercedes Hutton
Published: 8:45am, 6 May, 2020

In a country as vast and varied as China, domestic tourism holds a lot of promise. Without ever having to leave their homeland, excursionists can encounter Unesco-approved national parks and centuries-old monuments to human history – but now that sightseeing is set to make a tentative return, where are the country’s travel-deprived tourists hoping to go?

Well, according to analysis conducted by the Chinese Academy of Social Sciences Tourism Research Centre (CASSTRC) and the Tencent Culture and Tourism Industry Research Centre, and published on April 28, Wuhan has become the most desirable urban destination in the nation, edging Beijing from the top spot. Prior to becoming ground zero of the coronavirus outbreak, the capital of Hubei province had ranked eighth on the domestic city wish list of Chinese travellers, CNN Travel reported on May 1, adding that the hashtag “Wuhan becomes the top city netizens want to visit after the epidemic” had been trending on Chinese social media.

In terms of popular provinces, Hubei leapfrogged into the top 10, scoring second only to Beijing, while Hubei-based attractions such as Shennongjia, a forested region recognised for its biodiversity, and Wuhan’s Yellow Crane Tower were among the 20 most favoured.

Speaking to local media, CASSTRC director Song Rui said the study “expressed the public’s concern and support for the hero city”. The findings illustrated “nostalgia” and “longing for tourism”, according to an article in the Beijing Daily newspaper, which also claimed that travellers hoped to contribute to Hubei’s economic recovery through tourism.

Before gaining international notoriety for its association with the pandemic, which has now infected more than 3.5 million people around the world, Wuhan was known for being a major transport hub and for having hosted
Mao Zedong’s historic swim in the Yangtze River
, in 1966, although its historical importance dates considerably further back, to the Shang dynasty (1600-1046BC). It was also where the
1911 revolution
broke out, leading to the end of China’s imperial system.


However, despite winning with online wanderlusters, it seems that digitally expressed desires to visit Wuhan and Hubei have not yet translated into real-life trips. On May 2, state-owned tabloid the Global Times reported that Hubei had been disappointed on the first day of the five-day-long Labour Day public holiday. “Only 109,664 tourists visited Hubei’s 22 reopened key scenic areas on Friday […] a dramatic 86.97 per cent year-on-year decrease,” stated the story. According to Xinhua, the tourism revenue generated at those 22 sites plummeted 95 per cent from the same time in 2019.


The Yellow Crane Tower welcomed just 1,595 visitors, far fewer than the 5,400 daily limit put in place to ensure social distancing at the attraction. “There were neither crowds not queues,” one man told the Global Times. Others expressed concern that it was too soon to go to Hubei, while some said that they did not want to be responsible for reintroducing the virus to the province that was hardest hit, especially after
Wuhan was declared free of Covid-19 on April 26
.

Now – and this might be out there – perhaps online sentiments shouldn’t be read as certainties. After all, we still live in a world in which actual experiences count for something, particularly for the places that depend on our patronage for their survival.

Thailand has started to relax some of the restrictions implemented to curb the spread of the coronavirus, among them its three-week ban on alcohol sales. On May 1, a notice signed by Prime Minister Prayuth Chan-ocha appeared in the Royal Gazette stating that booze would be back on shelves from May 3. “Shops selling alcoholic beverages are allowed to open but consumption at the shop is banned,” read the announcement. Restaurants are allowed to open, but cannot serve alcohol, while pubs and other entertainment venues remain closed.


Of course, images of thirsty shoppers, their trolleys filled to the brim with beer, quickly flooded social media. It makes a change from toilet paper, we suppose.

Another week,
another story of “stranded” tourists
coming to the attention of the authorities. This time, to Indonesia, where a Russian family were detained in Mataram, on the island of Lombok, after a video of them busking went viral.

“They busked, begged for money from locals and used the money to buy food,” immigration officer Syahrifullah told Indonesian newspaper Kompas. “We tracked them down after receiving reports from residents.”

According to a May 1 report in The Jakarta Post, the family of three were unable to leave because of “coronavirus restrictions in their country”. Although there is no ban on Russian citizens returning home, there is a nationwide lockdown.


Syahrifullah said the family, who would be delivered to the Russian consulate in Bali, where they would be supported until they could return home. Although “they are not allowed to busk, beg or make money here”, according to Syahrifullah, the family was treated with leniency because of the unusual circumstances. This included allowing them to cross from Lombok to Bali, even though all flights and ferries between the islands had been cancelled.

https://www.scmp.com/magazines/post...an-tops-chinese-tourists-domestic-destination

 

[donkeykong]

Bad time for Chinese (East Asian in general) in Anglo-American world (US and Australia in particular). You'll get harassed if you come to the US and Australia. China should think twice about spending money on US brand. Most of white luxury brands executive are closet racist. Lululemon is racist. So many spew racist sentiment in their all white circle. Be careful.

There are millions of Asians in Australia your talking crap.

 

[Globenim]

This case everyone lose profits. China too.

The whole point of the article is to point out that this "everyone loses" idea is technically speaking in some aspects not actually the case. You are looking only at the reduced income but not the expenses.

If you speak about profits purely from in and outgoing tourism and countries, not feelings, individuals and some all encompassing zero sum game or only income, then China is not just in the group of countries that make a "profit" but leading it with a huge gap.

You can accept that fact even if you support a win-win scenario and are aware that Chinese tourism industry loses foreign customers. Adapting to the new sitations that means a huge opportunity for Chinese tourism opportunity from a domestic market with a lot of money left to spare.