says GlobalData. Following the news that the impact of coronavirus on Southeast Asian (SEA) tourism industry could result in a significant hit;
Animesh Kumar, Director of Automotive and Travel & Tourism Consulting at GlobalData, a leading research and consulting company, offers his view:
“While the impact of Wuhan coronavirus outbreak is being felt by several countries across the globe, it is likely to be severe in case of tourism-dependent countries across Southeast Asia. China outbound tourism is significant contributor to the global tourism industry. According to GlobalData, China accounted for about 12% (159 million) of the global outbound travellers in 2019. Moreover, the Chinese outbound market had the second highest spending in 2019, with an expenditure of US$275bn. The key destinations for China outbound travellers are Hong Kong, Macau, Thailand, Japan, South Korea, Vietnam, Singapore, Malaysia, Cambodia, Taiwan, the US and France.
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The premier beach resort brand expands its footprint with planned purchase
of the oceanfront Sheraton Kona Resort & Spa at Keauhou Bay. Outrigger Hospitality Group announced today that it has signed a purchase and sale agreement to acquire ownership of Sheraton Kona Resort & Spa at Keauhou Bay, a 509-room property in a prime oceanfront location on the Island of Hawaii. The transaction is expected to close in mid-April 2020, at which time the property will be rebranded as an Outrigger Resort.
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Today, Belgrade Fair has announced the program of its forthcoming 42nd Belgrade International Tourism Fair complete with its accompanying events.
Speakers at the conference were: CEO to Belgrade Fair Danka Selic, HE. Amr Aljuwaily, Ambassador of the Arab Republic of Egypt to Serbia, State Secretary at the Ministry of Trade, Tourism and Telecommunications of the Republic of Serbia Miroslav Knezevic, and Tourism Fair Project Coordinator Dragan Zecevic.
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Following the outbreak of the Coronavirus, the organiser is in close communication with the Chinese authorities and key stakeholders and it has been decided that the best decision for the tourism industry is to move COTTM 2020 to the new dates of 9-11 September 2020.
The event will still be held at the National Agriculture Exhibition Centre, Beijing.
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Thailand, Indonesia, Singapore and Malaysia have all experienced expansive growth within inbound European travelers. Vietnam however stands out as the one country in the region that is currently experiencing an influx of European travelers.
Last year brought 2.2 million European travelers to Vietnam, largely from source markets such as Russia, France, Germany and the UK, which have all experienced considerable growth over the past three years.
European travelers alone spent over US$700bn on the global tourism economy (outbound tourism expenditure) in 2019 and thus are a desirable market for any destination to engage.
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The annual China Conference & Business Travel Fair (CCBTF) organised by the Shanghai Municipal Administration of Culture and Tourism, officially receives full endorsement from ICCA – the global association for the meetings industry.
The endorsement marks the culmination of efforts to further position Shanghai as a leading hub for conferences and supports Shanghai’s local Business Events industry in its transformation to become an international B2B event with strong business appeal. This decision was made during a meeting between Patrick Chen (Director of Marketing and Promotion Department, Shanghai Municipal Administration of Culture and Tourism) with Senthil Gopinath (ICCA CEO) and Noor Ahmad Hamid (ICCA Regional Director for Asia Pacific) last month in Shanghai.
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