Traditional Culture Encyclopedia - Travel guide - The impact of exchange rate changes on tourism demand
The impact of exchange rate changes on tourism demand
As the local currency appreciates externally, the amount of local currency exchanged for the same foreign currency decreases. When the domestic tourism price remains unchanged, the same tourist route requires more foreign currency, so the demand for domestic tourism will decrease. , By the same token, the demand for foreign tourism will increase.
The current RMB exchange rate is rising, and the demand for foreign tourism has increased significantly.
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