Prasad Shinde’s Post

Tourist arrivals exceed 1.25 m... The total number of foreign tourist arrivals recorded in Sri Lanka this year has exceeded 1,250,000. According to the Sri Lanka Tourism Development Authority, approximately 1,271,432 foreign tourists have visited the island so far this year. A majority of the foreign visitors are Indian tourists and this figure is 237,649. In addition to this, large numbers of tourists from countries including Russia, Britain, Germany, China and France have also arrived in the island this year. Meanwhile, it is also reported that a total of 73,373 tourists have visited the island in the first 11 days of this month. Source: https://lnkd.in/gszDBazt #tourists #tourism #srilanka #economy #touristattraction #gdp #forex #inflows #stability #sustainability

Chinese tourists predicted to make over 6 billion domestic trips in 2024 https://lnkd.in/gK4GFhVa The rise in domestic tourism reflects the growing confidence among Chinese travelers to explore their own country's diverse destinations. It also signifies a shift towards local travel experiences, with travelers seeking to discover hidden gems and cultural treasures within China.

Tourism spending in China during the Lunar New Year break jumped above pre-Covid levels, official data shows. Domestic tourism spending hit 632.7 billion yuan (£69.7bn), about 47% more compared to the same holiday period last year according to government figures. The celebrations came after years of pandemic lockdowns and restrictions, which were lifted in early 2023. The data was also boosted as the holiday was a day longer than usual. #china #chinaeconomy #travel #tourism

Why are Chinese tourists still choosing local? 🇨🇳✈️ Indeed Chinese travellers are still opting for cheaper domestic destinations over foreign tourist spots. A recent survey by Oliver Wyman found that only 14% of high-income households plan to travel abroad in 2024. Let’s take a look at some of the reasons why. ✈️ Abundant domestic options. The primary reason for this shift is the plethora of travel options within China. ✈️ More cost efficient. Travelling within mainland China costs less than 1,000 yuan per person, significantly cheaper than trips to places like Hong Kong or Japan. ✈️ Safety concerns. There's been an increase in sentiment that international destinations are unsafe, further driving domestic travel preferences So, where are Chinese tourists going? 👇 ✔️ Smaller cities like Yangzhou, Luoyang, Qinhuangdao, Guilin, and Zibo saw the fastest growth in tourism bookings during the May holiday. ✔️ In the first quarter, Guangxi’s tourism revenue rose by nearly 24% YoY to over 258 billion yuan. ✔️ Viral videos and TV shows have significantly boosted tourism in places like Zibo and Altay, demonstrating the power of digital media. “In the longer-term, I expect international tourist destinations will need to upgrade their experience to match the rise of stylish, modern hotels and other travel services in China.” https://lnkd.in/gHSB2PUw What’s your take on the above? 🤓👇 —- #china #tourism #economy Insights via CNBC

Tourist Arrivals Hit 44,977 in First 11 Days of September, Yearly Total Exceeds 1.4 Million! In the first 11 days of September, a total of 44,977 tourists visited the country, bringing the total number of arrivals for the year to over 1.4 million. The first week of September saw 29,239 arrivals, with an additional 15,738 tourists entering the country from 8-11 September. This continued influx highlights the steady growth in tourism as the year progresses.

Collaboration of 🇬🇷 and 🇨🇦 to further boost the upward trend in tourist flows! According to the Bank of Greece’s press release from February, in 2023, the number of inbound travellers to Greece rose by 17.6% to 32.7 million compared to 2022. Τhe number of travellers from outside the EU27 increased by 20.8% to 13.1 million. In 2023, travel receipts totalled €20.5 billion, up by 15.7% relative to 2022. Receipts from residents outside the EU27 increased by 18.5% to €8.6 billion. Actions to boost cooperation in tourism between Greece and Canada topped the agenda of recent talks between Greek Tourism Minister Olga Kefalogianni and Canada’s Parliamentary Secretary to the Minister of Tourism Annie Koutrakis. Among others, the two officials discussed ways to strengthen tourist flows between the two countries and areas where cooperation is possible. In this direction, both Kefalogianni and Koutrakis agreed that year-round airline connectivity between Greece and Canada was of utmost importance as well as drawing up a memorandum of understanding between the two countries that would define cooperation. Koutrakis said the Canadian ministry was also examining the possibility of setting up a bureau in Athens of the Canadian National Tourism organization “Destination Canada”. Sources: https://lnkd.in/g7aNRSkz https://lnkd.in/gK6w-D8R

China's post-pandemic pullback: A $129 billion blow to global tourism  https://lnkd.in/gMXNFNhV China’s overseas travel has never significantly recovered since the COVID-19 pandemic. Although the country lifted all pandemic measures over a year ago, foreign tourism remained substantially lower than pre-pandemic levels. Trips by Chinese tourists to the U.S. have fallen dramatically. China’s post-pandemic pullback cut $129 billion from global tourism, according to the Cirium data.

By : Source: Cystat \ KPMG - Cyprus 20.1% Increase at income tourism , which generating 3 B EU. Tourists stat. - Cyprus :- Tourist arrivals increased by 20,1% and reached 3.845.652 in 2023 compared to 3.201.080 in 2022. For a percentage of 80,3% of tourists, the purpose of their trip in 2023 was holidays, for 13,3% visit to friends and relatives and for 6,3% business. Revenue from tourism :- In 2023, revenue from tourism was estimated at € 2.990,6 M. , compared to € 2.439,2 M. in 2022, recording an increase of 22,6%.

📈 𝗠𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝟯𝟮.𝟳 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼𝘂𝗿𝗶𝘀𝘁𝘀 𝗶𝗻 𝗚𝗿𝗲𝗲𝗰𝗲 𝗶𝗻 𝟮𝟬𝟮𝟯 More than 32.7 million tourists visited Greece last year, resulting in tourism revenues of €20.5 billion. According to data from the Bank of Greece, travel revenues increased by 15.7% compared to 2022 and stood at 20,459.5 billion euros. In the year 2023, inbound travel traffic also increased by 17.6% to 32,735.2 thousand travellers, compared to 27,835.5 thousand travellers in 2022.

Tourist arrivals in Cyprus increased by 20.1% in 2023 compared to the previous year and this represents the third-highest performing year. Tourist arrivals for the period of January 2023 to December 2023 reached 3,845,652, compared to 3,201,080 for the same period in 2022 marking a substantial increase of 20.1%. Cyprus Tourism had reached their highest Historical Level the year 2019 with a total of 3,976,777 and in 2018 with 3,938,625, before experiencing a sharp decline in 2020 due to the impact of the pandemic.