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China expects sharp rebound in tourism this year

Published 02/21/2023, 09:55 PM
Updated 02/21/2023, 10:01 PM
USD/CNY
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BEIJING (Reuters) - China expects its tourism market to flourish this year, starting with a busy and robust summer travel season as travellers flock to vacation destinations after the government ended its zero-COVID policy that kept people home for almost three years.

Domestic tourism revenue in 2023 could reach about 4 trillion yuan ($580.8 billion), a year-on-year increase of about 95%, and recover to about 71% of 2019 levels, according to data from the China Tourism Academy.

Domestic tourist numbers are expected to reach around 4.55 billion in 2023, up 80% year-on-year, while inbound and outbound tourists numbers are seen at more than 90 million, doubling year-on-year and recovering to 31.5% of pre-pandemic levels.

In 2022, the number of domestic tourists nationwide was 25.3 billion, down 22.1% year-on-year, according to the data.

"It is expected that the tourism market will enter a new channel of expected strengthening in the second quarter, and the summer vacation is expected to usher in a full recovery," the report said.

© Reuters. FILE PHOTO: Tourists stand near a Chinese national flag at a tourist site during the National Day holiday, in the outskirts of Beijing,  China October 2, 2022. REUTERS/Tingshu Wang

Travel service providers were hit particularly hard during the pandemic. After China scrapped its stringent COVID policies, travel across the country ramped up, especially during the week-long Lunar New Year holiday, which saw a surge in trips.

($1 = 6.8877 Chinese yuan)

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