{"id":857,"date":"2020-11-17T12:58:37","date_gmt":"2020-11-17T12:58:37","guid":{"rendered":"http:\/\/beiwei55.co.uk\/corporate\/?p=857"},"modified":"2024-04-05T10:28:12","modified_gmt":"2024-04-05T09:28:12","slug":"the-new-significance-of-chinese-tourists-in-2021","status":"publish","type":"post","link":"http:\/\/beiwei55.co.uk\/corporate\/2020\/11\/17\/the-new-significance-of-chinese-tourists-in-2021\/","title":{"rendered":"The new significance of Chinese tourists in 2021"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\">Tourism is pretty big business in the UK. In a normal year, it makes up around 9% of GDP, and had been set to grow a further 10% by 2025.<\/h5>\n\n\n\n<p>In terms of numbers, the UK is most popular with visitors from the US, France and Germany. Together, these three countries accounted for 27% of all inbound visits in 2019.<\/p>\n\n\n\n<p>However, in that same year, Chinese visitors only made up 2% of inbound tourists. Looking at these numbers, it might be easy to overlook the significance of Chinese tourists in the UK. Nevertheless, this tiny number has a considerable impact on UK tourism.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"580\" src=\"http:\/\/beiwei55.co.uk\/corporate\/wp-content\/uploads\/sites\/3\/2018\/02\/Optimized-Beiwei-55-Native-British-Mandarin-speaking-Guides-6-1024x580.jpg\" alt=\"Beiwei guide with Chinese tourists in front of Edinburgh Castle\" class=\"wp-image-453\" srcset=\"http:\/\/beiwei55.co.uk\/corporate\/wp-content\/uploads\/sites\/3\/2018\/02\/Optimized-Beiwei-55-Native-British-Mandarin-speaking-Guides-6-1024x580.jpg 1024w, http:\/\/beiwei55.co.uk\/corporate\/wp-content\/uploads\/sites\/3\/2018\/02\/Optimized-Beiwei-55-Native-British-Mandarin-speaking-Guides-6-300x170.jpg 300w, http:\/\/beiwei55.co.uk\/corporate\/wp-content\/uploads\/sites\/3\/2018\/02\/Optimized-Beiwei-55-Native-British-Mandarin-speaking-Guides-6-768x435.jpg 768w, http:\/\/beiwei55.co.uk\/corporate\/wp-content\/uploads\/sites\/3\/2018\/02\/Optimized-Beiwei-55-Native-British-Mandarin-speaking-Guides-6.jpg 1200w, http:\/\/beiwei55.co.uk\/corporate\/wp-content\/uploads\/sites\/3\/2018\/02\/Optimized-Beiwei-55-Native-British-Mandarin-speaking-Guides-6-594x337.jpg 594w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Despite the low numbers, the Chinese market accounted for 6% of total visitor spending in 2019; making them the second biggest spenders after the US. It\u2019s certainly not volume that makes Chinese visitors so valuable.<\/p>\n\n\n\n<p>It could be that 2021 will see the importance of Chinese tourists soar.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>The Cost of 2020<\/strong><\/h4>\n\n\n\n<p>This rise will largely be down to global economic performance this year. 2020 hasn\u2019t been a good year for GDP growth at all; in fact, almost every major economy in the world shrank in the wake of the pandemic.<\/p>\n\n\n\n<p>This is a huge problem for the UK, as our biggest tourism markets all saw negative GDP growth. The US for instance, our biggest market by far, shrank by 4.3%.<\/p>\n\n\n\n<p>On top of this, skyrocketing unemployment rates due to covid mean far less people from these countries will be in a position to travel next year.<\/p>\n\n\n\n<p>Moreover, Brexit could throw up an additional barrier to visitor numbers going into 2021 as free movement ends and no deal looms. Losing visa free travel in the event of a no deal could see a sharp drop in visits from Europe as short-haulers opt to visit Schengen areas. EU countries provided 70% of our inbound tourism in 2019, so we would certainly feel this loss.<\/p>\n\n\n\n<p>All of these factors could very well translate into a sharp decline in trips made from our traditional tourism markets in 2021.<\/p>\n\n\n\n<p>There is one notable exception to this; the IMF actually projected China\u2019s economy to grow this year by 1.9%, making it the only major economy to do so. This growth may be far slower than recent years, even small growth puts the average Chinese consumer in a better position to travel than those in other countries.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>China to the Rescue?<\/strong><\/h4>\n\n\n\n<p>All things considered, China has fared well in the pandemic. Since March, life has been slowly getting back to normal, and the country has even seen a surprising rebound of its domestic tourism market.<\/p>\n\n\n\n<p>It\u2019s clear from the huge number of domestic tourists travelling in early September that Chinese consumers are still keen to travel. Furthermore, an August study by McKinsey revealed a growing confidence in travelling overseas, showing that 31% of respondents expected to take their next trip abroad; an increase of 6% since March.<\/p>\n\n\n\n<p>We\u2019re very unlikely to see a full recovery until a vaccine is rolled out. But with fewer visitors from the US and Europe, Chinese travellers could provide a valuable lifeline to our flagging tourism industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is one notable exception to this; the IMF actually projected China\u2019s economy to grow this year by 1.9%, making it the only major economy to do so. This growth may be far slower than recent years, even small growth puts the average Chinese consumer in a better position to travel than those in other countries.<\/p>\n","protected":false},"author":8,"featured_media":860,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[3],"tags":[14,15],"class_list":["post-857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-blog","tag-chinese-tourists","tag-uk-tourism","clearfix","post-index"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"http:\/\/beiwei55.co.uk\/corporate\/wp-content\/uploads\/sites\/3\/2020\/11\/IMG_2115Resized-1-scaled.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8q5OR-dP","_links":{"self":[{"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/posts\/857"}],"collection":[{"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/comments?post=857"}],"version-history":[{"count":4,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/posts\/857\/revisions"}],"predecessor-version":[{"id":2100,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/posts\/857\/revisions\/2100"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/media\/860"}],"wp:attachment":[{"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/media?parent=857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/categories?post=857"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/tags?post=857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}