{"id":777004372,"date":"2023-04-17T13:13:53","date_gmt":"2023-04-17T16:13:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777004372"},"modified":"2026-04-22T22:47:52","modified_gmt":"2026-04-23T01:47:52","slug":"analysts-optimistic-about-recovery-of-chinese-outbound-tourism","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/analysts-optimistic-about-recovery-of-chinese-outbound-tourism","title":{"rendered":"Analysts optimistic about recovery of Chinese outbound tourism"},"content":{"rendered":"\n<p>Analysts at Maybank see Chinese outbound tourism is recovering to significant levels by mid-year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>China.- Analysts at Maybank are optimistic about <strong>the recovery of Chinese outbound tourism<\/strong>, anticipating that it will reach meaningful levels by mid-year.\u00a0In their latest report, they predict that Singapore is benefiting the most from China&#8217;s reopening, with travel from China to Singapore already rising. <\/p>\n\n\n\n<p>They have estimated that by mid-2023, China-Singapore seat capacity will return to 65 per cent of what it was in 2019. The potential beneficiaries include\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/singapore-visitors-up-13-7-in-q1\" target=\"_blank\">Genting Singapore<\/a>\u00a0and Far East Hospitality Trust. The analysts also noted that Chinese outbound tourists appear to be travelling for longer periods and spending more money.\u00a0<\/p>\n\n\n\n<p>A survey by Dragon Trail International revealed that<strong> 60 per cent of respondents in China<\/strong> intend to travel overseas in the future, with 71 per cent intending to travel for five to ten days. The majority of those surveyed plan to travel during the summer holidays or the mid-Autumn festival and national day holidays, also known as Golden Week.<\/p>\n\n\n\n<p>Meanwhile, data from &#8220;trip.com&#8221; indicates that\u00a059 per cent of Chinese tourists have booked 4-5 star accommodations, suggesting a higher spend. It also found that lengths of stay of more than 14 nights in Thailand, Malaysia and Singapore are recovering the fastest relative to 2019.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/imf-macaus-economy-to-grow-by-58-9-in-2023\" rel=\"noreferrer noopener\">IMF: Macau\u2019s economy to grow by 58.9% in 2023<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Maybank see Chinese outbound tourism is recovering to significant levels by mid-year.<\/p>\n","protected":false},"author":176,"featured_media":24749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Maybank analysts project a significant recovery in Chinese outbound tourism by mid-2023, with Singapore emerging as a primary beneficiary. This resurgence is characterized by increased travel, longer stays, and higher spending, particularly impacting integrated resort operators like Genting Singapore.","focusai_entities":"Maybank, Genting Singapore, Far East Hospitality Trust, Dragon Trail International, trip.com, IMF","focusai_location":"China, Singapore, Thailand, Malaysia, Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (0.95), journalist_researcher (0.85)","focusai_suggestions":[{"label":"GGR Impact Analysis","query":"What is the projected incremental Gross Gaming Revenue (GGR) for integrated resorts in Singapore, specifically Genting Singapore, attributable to the anticipated 65% recovery in China-Singapore seat capacity by mid-2023?"},{"label":"Capital Allocation Strategy","query":"How might the observed trend of longer stays and higher spend among Chinese outbound tourists influence capital allocation and development pipeline decisions for new integrated resort projects in Southeast Asia?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777004372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777004372"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004372\/revisions"}],"predecessor-version":[{"id":777004391,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004372\/revisions\/777004391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24749"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}