Tuesday, May 24, 2022

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Your Daily Asia Gaming eBrief: S. Korea outbound tourism demand explained

South Korea outbound tourists will likely become the most sought after market for Asia’s integrated resort operators this year, given China’s continued zero-covid stance, and Japan’s slow restart of international travel.

Asia tourism authorities to struggle to fill China hole

After two long years and numerous stops and starts it appears that Southeast Asia’s reopening to tourism is becoming a reality as more countries drop their inbound quarantine requirements.

Earnings not impacted by lack of Chinese tourists: NagaCorp’s Lee

Philip Lee, executive deputy chairman of NagaCorp says the lack of Chinese outbound visitors has not had a significant impact on NagaWorld’s revenue.

Can Asia’s operators fill the China tourism hole?

China’s outbound tourism market is unlikely to return to pre-pandemic levels until at least 2024, the Economist Intelligence Unit predicts, leaving a giant hole for Asia’s gambling jurisdictions and a headache for executives as to how to fill it.

Your Daily Asia Gaming eBrief: Chinese tourists will fall back into old travel grooves

China’s outbound tourists are expected to return to their favorite tourist destinations, and at pre-pandemic levels by Q3 or Q4 of 2022, according to James Liang, co-founder of China’s largest online travel agency, Trip .com Group.

Chinese tourists will fall back into old travel grooves: Trip.com chairman

Trip.com Group co-founder and chairman James Liang believes that Chinese international travelers will likely fall back into old travel habits and preferences once borders reopen. 

Macau a “bright spot” for China outbound tourism

Macau has become a "bright spot" for China outbound tourism, which is expected to rise by 25 percent this year from 2020, Reuters cited state broadcaster CCTV as saying.

Regional operators seen vying for South Korea tourism dollar

Operators around Asia are likely to be competing for South Korean tourists in the likely absence of Chinese travellers in the next few years, says Lloyd Robson, Aristocrat’s general manager for Asia.

How has international tourism flowed in 2021?

Whilst global outbound travel has seen a gradual uptick as we reach closer to the end of 2021, travel to destinations within Asia and the Pacific continue to be challenged, according to data from the October update of the UNWTO Tourism Recovery Tracker.

Your Daily Asia Gaming eBrief: Chinese rediscover local tourism, but Golden Week disappointed

Golden Week was a wash for Macau, but wasn't as positive as had been expected within China itself either.