The impact of the U.S. subprime mortgage crisis on China’s tourism industry

As the saying goes, "crisis" means "opportunity in crisis"

Especially this financial crisis has a great impact on China's tourism industry. I personally think that the main impact is on Zhengmen. More than negative impacts:

First of all, the above respondent said: "The number of inbound tourists has dropped by 30% now." Maybe his point of view is that the impact of the U.S. subprime mortgage crisis on China's tourism industry is negative. of. What he said makes sense. It affects the inbound tourism market, but at the same time, it also affects my country's outbound tourism market. According to incomplete statistics, the people affected by the financial crisis in my country at this stage are mainly middle- and low-income people. In fact, high-income people are not greatly affected. At the same time, the RMB has appreciated externally, and governments of various countries are also encouraging tourists to come. The United States, which once had difficulty in granting visas, has now taken this measure, so more wealthy people in the country are willing to travel abroad, which has promoted the development of China's outbound tourism.

Secondly, China's relevant policies also provide many preferential treatment for tourism, which continue to stimulate the development of domestic tourism. The most obvious example is Beijing. Beijing has adopted the form of giving away tickets to major attractions so that tourists can truly enjoy preferential travel treatment. This is actually a method to promote tourism in a different direction and can help various places to a certain extent. Tourism development.

Finally, the impact of the U.S. subprime mortgage crisis on China is not straight up and down, but has a process. The current stage is when the impact is more obvious, and the temperature of inbound tourism will increase as the impact of the crisis decreases. China also has the confidence to face the "temporary nature" of the downturn in inbound tourism. After the "downturn", there will be a "high temperature", because China's rich tourism resources, China's social stability, and China's "high quality and low price" are becoming more and more attractive to foreign tourists.