Monday, November 3, 2008

Opportunities for outbound tours in the time of financial crises

The overspill of the world's financial crises is affecting many people's travel plans. Some people are changing their overseas travel plans to domestic travel, some are changing their long vacations to short trips, and some have canceled their travel plans…….

But, due to the appreciation of the Chinese Yuan against many other currencies in western countries, there is a great opportunity for Chinese people to travel abroad. Take Iceland, the world's most expensive country for example, its koruna has devalued from 15 yuan to 8 yuan. Other currencies have devaluated too in the past months. For Chinese travelers, the cost of going to Australia is 30% less expensive than the cost half a year ago. It cost 3300 yuan less for an 8-day tour to Australia which cost 14999 yuan a few months ago. A 14-day European Tour cost 23299 yuan in September, but it cost 18999 yuan this month.

I think our company should take this opportunity to promote more outbound travel than what we did befor... before the Chinese economy is affected by the crises.

Victor

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