ASX-Dividend-Report-Banner

Trip.com sees increase in visits after China expands visa-free travel to 6 countries

November 25, 2023 07:37 PM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
 Trip.com sees increase in visits after China expands visa-free travel to 6 countries
Image source: Kalkine Media

SINGAPORE, Nov. 25, 2023 /PRNewswire/ -- China has announced that it will expand the scope of its unilateral visa-free policy for ordinary passport holders from six countries: France, Germany, Italy, the Netherlands, Spain, and Malaysia. The policy will be implemented on a trial basis.

Effective from December 1, 2023, to November 30, 2024, people holding ordinary passports from the aforementioned countries can visit China for business, leisure and transit, visiting for up to 15 days without a visa. This new policy is expected to facilitate more accessible travel and promote closer ties between China and the countries involved.

The move is also expected to promote the recovery of the Chinese inbound tourism market. In the first ten months of 2023, Trip.com already saw four-digit growth in visitor numbers when compared with the same period in 2022. This equates to more than 60% of pre-pandemic levels. Data further shows that Malaysia and Germany are among the top 10 sources of inbound tourism over the same period. At the time of writing, pageviews on flights from Malaysia to China jumped by 48.69% on 24 November, compared to the same day a week ago.

Long-haul inbound travel is also showing signs of recovery, surpassing pre-pandemic levels. For instance, European bookings to China saw a remarkable increase of 663.0% compared to 2022 and a significant growth of 28.9% when compared to 2019.

To boost inbound travel to China, Trip.com Group has also recently signed a strategic framework agreement to implement the "Nihao! China" program with the China International Culture Association, which includes filming and producing global promotional videos to showcase China's beauty as a travel destination.

Additionally, the framework will look to build a service platform for inbound travel and organise activities at the China International Tourism Fair, the Sino-French Tourism Year, the China-US Tourism High-Level Dialogue, and the World Conference on Tourism Development, among other events. Favourable inbound tourism policies are expected to continue to be implemented, providing new development opportunities for the inbound tourism industry and enhancing their service capabilities.

Trip.com has recently released the "China Travel Guide," a comprehensive guide that provides international visitors with travel-related information such as hotel reservations, travel advice, transportation options, payment methods, insights into popular destinations, and more. Since its launch in September, it has already served nearly 100,000 overseas visitors. As of the time of publishing, visits to Trip.com's "China Travel Guide" page, have increased by more than 30%.

Compared with the rapid recovery of domestic and outbound tourism, the recovery of inbound tourism is relatively slower. According to a report by the Ministry of Culture and Tourism, the number of inbound tours received by national travel agencies in the first half of 2023 was 477,800, while in the first half of 2019, it was 8,561,600.

However, inbound tourism is where new opportunities lie. Jane Sun, CEO of Trip.com Group, said: "China's inbound tourism has huge potential, and if it is raised to the international median of 1.5% of GDP, it will bring at least nearly one thousand, three hundred and ten billion yuan of growth space."

Trip.com Group will support inbound tourism by utilising its technological expertise to make it easier for visitors to travel to China. It will also bring together various resources to promote tourism while showcasing China's unique tourist attractions to attract visitors from all over the world.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission "to pursue the perfect trip for a better world". Find out more about Trip.com Group here: www.group.trip.com.

Follow us on: Twitter, Facebook, LinkedIn, and YouTube.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

AU_advertise

Advertise your brand on Kalkine Media

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.