Recently, the fluctuation of the RMB against the US dollar exchange rate has become a hot topic.
On the 12th, the RMB fell to 7.2453 in the exchange rate of the RMB against the US dollar (actually the guide of this data, that is, 0.1380, where the caliber of everyones habit was used here), setting the August 2023New lows.
In the context of globalization, every jump of exchange rates affects the nerves of countless industries.Especially for the immigration market that is slowly recovering, can the decline in exchange rates become a psychological agent?This article will conduct in -depth analysis from multiple angles.
1. The exchange rate of the RMB against the US dollar fell
Picture source: Stock Market Connect
The above is the RMB from the RMB from July 2024 to the U.S. dollars.The exchange rate fell at one time, hitting a new low since August 2024.
In contrast, the exchange rate of the RMB against the euro is at a relatively historical high, as shown below:
Picture Source: Baidu Stock Market
In this context, what impact will the exchange rate of the US dollar fall on the immigration tour?
2. Entry tour in recovery
From 2016 to the present, the entry tour has gone through three stages in 3 stages:
increase year by year: From 2016 to 2019The trend of year by year; 138 million people in 2016, US $ 120 billion, and increased to 145 million US dollars in 2019;
Epidemic Impact: The number of entry tourists and income in 2020 and 2021 due to the impact of the new crown epidemic;P>
Gradually recover: 2023 and the first half of 2024Data show that the entry tourism market is recovering, and the number of entry tourists and the number of tourism income have increased.
According to the latest data from the National Immigration Bureau, in the first half of 2024, the national immigration management institutions inspected the residents of China, Macao, Taiwan, and Taiwan.The total number of foreigners entry and exit returned to 92%of the same period in 2019.These data show that the entry tour market is recovering.
The relationship between the exchange rate and the entry tour market
From the perspectiveThe decline in exchange rates will directly reduce the cost of traveling to China to travel to China, which will have a positive effect on improving Chinas attractiveness as a tourist destination.
As a major international currency, the dollars exchange rate decreases, which helps the overall recovery of Chinas entry tour.
Different from the perspective of the customer source market analysis, the main source country (only foreign entry) of Chinas entry tour is Asian countries, especially the neighboring East and Southeast Asian countries.The United States is one of the top 10 customers, but it is relatively small, (2019 American tourists account for 5.52%,) the direct impact of the direct impact is not too large.
4. Policy and market surface
The current policy surface is undoubtedly supported.
Since the fourth quarter of 2023, the "visa -free circle of friends" has been continuously expanded; from January 11 this year, the State Immigration Administration has officially implemented 5 measures to facilitate foreign personnel to come to China.Including:
Relax the conditions for foreign personnel who come to China to apply for a port
Foreign personnel at the Hub Port Port Port at the Hub Airport Port at the Beijing Capital Airport 24 -hour direct transit check -in procedure
Foreign personnel in China can apply for visa extension and reissue on the nearest visa
Foreign personnel in China must apply for multiple entry and exit to apply for re -entry visa
Simplify the application materials for foreign personnel visa documents in China
There are some challenges. For example, the epidemic has accelerated the online process of the domestic tourism industry for three years. The price of hotels has been with the market, the flexibility has improved, the online real -name reservation of the scenic area is fully popularized, and the supply chain of entry tourism is slow.
5. Conclusion and prospects
The recovery of the market has a certain positive impact, but it is not a decisive factor.The comprehensive recovery of the inbound tourism market requires many joint efforts, including policy support, market innovation, and service quality improvement.We look forward to a wave of dividends in the entry tour market.
[This article is expressed by the personal point of view of the commentator, which does not represent the Global Brigade News.
