Chinese tourists stay at home, spending nearly $ 300 billion overseas in the past few years. I'm afraid it will be "cool" this year.

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The following article is from Four Stars

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From technology to culture, from depth to joke, Silicon Star tells you everything in Silicon Valley. In addition to the heavy losses in luxury and retail, foreign tourism is also struggling. Airlines in many countries have cancelled flights to and from China. Compared to optimistic estimates that flights were suspended for the first few days and weeks, some airlines now plan to postpone resumed flights beyond April. "[The post-epidemic economy means the north" is a column created by Tencent News and high-quality media to focus on the economic impact of the new round of crown pneumonia. As the US stock market continues to fall, more and more people are beginning to realize that the damage to the economy caused by the new coronavirus is definitely more than what people commonly think now. At first it only affected Wuhan by default, then the whole world thought it only affected China. Until now, no big country in the world can withstand the blow and become independent. In addition to this impact on the macro economy, the epidemic wiped out Chinese overseas consumption almost overnight, making overseas tourism and retailers face huge challenges and even the outcome of bankruptcy. "Purchase more than $ 2,500, and give away $ 500, including Chanel and Louis Vuitton, and all of our brands." A Chinese salesperson at the Southern Coast Plaza in Southern California told her Chinese customers via WeChat that the entire mall is undergoing an "unprecedented "The surprise promotion hopes to reduce the negative impact of the epidemic. As the largest shopping mall in California, this South Coast Plaza covers all the world famous luxury goods from Chanel to Louisville. The arrival of these luxury brands has brought a large number of Chinese tourists to shopping malls. "Speaking Chinese is a reward for the sales people here." A brand sale at South Coast Plaza tells Silicon Star that each brand store at South Coast Plaza will have at least one Chinese speaking sale. This is also the first store in the United States that can use a UnionPay card. Even in 2014, a 7,000-person Chinese tour group from the Guangdong Perfect Group spent more than $ 10,000 each here to gain access to major media in Los Angeles. "It was expected that a large number of tourists would come to the United States during the Spring Festival, but now Chinese tourists are almost invisible, especially after most flights between China and the United States have been cancelled and the United States has ordered that non-U.S. Citizens are not allowed to enter. Worse Yes, as the number of confirmed cases in the United States has increased, the local Chinese have also started to panic and stop patronizing. "A Chinese salesperson told Four Stars in an interview. She said that her commissions and bonuses for this month may be completely lost. Officials at the South Coast Mall have also made an official response to the impact of the epidemic, especially after rumors suggest that confirmed cases in Orange County, California, have reached the South China Sea coast. South Coast issued a Chinese statement on the official website, stating that the rumors were inconsistent with the facts, and stressed that the South Coast did not receive any information from the health bureau about people who had visited the South Coast with coronavirus infections. In the same statement, South Coast said it had carefully disinfected door handles, armrests, help desks, and even carousels, hoping to reassure Chinese consumers. "We provide free masks on demand at all service desks," the South China Sea coast said at the end of the statement. South Coast officials have also expressed concern about Macy's, a US retailer located in the store. The 100-year-old department store issued a statement to investors on Tuesday, stressing that the outbreak of the new crown epidemic will affect the entire retail industry and shopping malls. "We are working with suppliers and partners on how to respond to possible supply disruptions," said Macy's CEO Jeff Jennette. He also acknowledged that at least 70 Macy's department stores worldwide rely heavily on Asian and Asian customers. Sales at these stores have slowed significantly. However, the situation in Northern California has not improved. San Francisco Airport is one of the closest US airports to China, and now has to lower its full-year sales forecast. Macy's CEO Jeff Jennette said. He also acknowledged that at least 70 Macy's department stores worldwide rely heavily on Asian and Asian customers. Sales at these stores have slowed significantly. However, the situation in Northern California has not improved. San Francisco Airport is one of the closest US airports to China, and now has to lower its full-year sales forecast. Macy's CEO Jeff Jennette said. He also acknowledged that at least 70 Macy's department stores worldwide rely heavily on Asian and Asian customers. Sales at these stores have slowed significantly. However, the situation in Northern California has not improved. San Francisco Airport is one of the closest US airports to China, and now has to lower its full-year sales forecast.

According to a report released by the San Francisco City Government in 2018, China is San Francisco's second-largest tourist destination after Mexico near California. In 2018, more than 500,000 Chinese tourists entered San Francisco. However, in the past month, due to travel bans and extremely low attendance, a large number of airlines including United Airlines, China Southern Airlines and China Eastern Airlines to and from China and even Asia had to be cancelled. Many Asian consumers have disappeared from duty-free shops at airports. "It turns out that many Chinese tourists like to shop at the airport. Tax exemption is very cost-effective. Return purchases do not delay journeys. After the epidemic, store sales have been affected. Visitors elsewhere have also decreased due to confirmed cases and panic in the San Francisco Bay Area Time at duty-free shops, "said a counter attendant who declined to be named. In addition to these shopping malls, some international luxury brands are also affected by the disappearance of Chinese outbound tourism. 40% of British brand Burberry's sales come from Chinese consumers, many of them from overseas travel. Burberry stated in a statement this month that it will lower its full-year performance expectations due to the impact of the epidemic. It is worth noting that Burberry has closed one-third of its stores in mainland China, and the number of customers still operating stores has dropped by 80%. It can be said that global luxury consumption has been greatly affected by the epidemic. For personal purchasing agents, the situation is mixed. Annie told Sixing people that buyers she knew were bored at home all day, but they were very passionate about shopping. Many people asked her to order designer bags, but the biggest problem was "We don't know when we can help customers arrive." Since many countries have cut or even stopped many flights to China, and some provinces and cities in China are also in a semi-closed state, how to return the items purchased by buyers to China has become the biggest problem, even some previously sent items. Did not pass customs clearance. Some small courier companies have suspended receipts and closed their operations because of insufficient space in air cargo warehouses. Faced with no reduction in orders, they can only give up because they cannot guarantee delivery time. Annie said that there are far fewer Chinese people purchasing goods, and a limited number of brand-name stores are not allowed to purchase. "I just took this opportunity to hoard some goods." In addition to luxury goods and retail, tourism in many overseas countries also Struggling. According to CNN, 180 million people in China hold passports. According to public data from the WTO, Chinese tourists left the country in 2018 1. 500 million times, overseas spending of 277 billion US dollars. However, an epidemic has hit the tourism industry in China's most popular tourist cities, especially in Asia. The areas most affected include Thailand, Japan, South Korea, Vietnam and other countries. "From the perspective of outbound tourism spending, China is the country with the largest outbound tourism expenditure in the world." Economist Matthew Das said in a study released this month. The tourism economics he works on focuses on the impact of the epidemic on the global tourism industry and predicts that China's outbound tourism will shrink sharply in 2020. It also believes that the commercial impact of the new crown disease can reach $ 73 billion, much greater than the impact of SARS in 2003. The International Civil Aviation Organization estimates that Japan will suffer a loss of US $ 1.29 billion in tourism due to the epidemic. Today, Disney Japan also announced that it will be temporarily closed due to the epidemic. The affected countries are not limited to Asia. At the end of January, the Italian Ministry of Tourism and the Chinese Ministry of Culture signed a one-year cooperation agreement. According to statistics, according to the original plan, direct flights between Italy and China will triple to 108. Subsequently, the plan was announced for 10 days, with 33,354 round-trip floating flights suspended due to the outbreak. However, many travel agencies have had to bear huge financial losses as they face a large number of cancellations after paying in advance for air tickets and hotel fees for group tourists. Dijon in France is very popular with Chinese tourists, and the situation there is just as bad. Due to restrictions on Chinese outbound travel, travel agencies cancelled orders for 3,000 rooms. $ 900 million. Today, Disney Japan also announced that it will be temporarily closed due to the epidemic. The affected countries are not limited to Asia. At the end of January, the Italian Ministry of Tourism and the Chinese Ministry of Culture signed a one-year cooperation agreement. According to statistics, according to the original plan, direct flights between Italy and China will triple to 108. Subsequently, the plan was announced for 10 days, with 33,354 round-trip floating flights suspended due to the outbreak. However, many travel agencies have had to bear huge financial losses as they face a large number of cancellations after paying in advance for air tickets and hotel fees for group tourists. Dijon in France is very popular with Chinese tourists, and the situation there is just as bad. Due to restrictions on Chinese outbound travel, travel agencies cancelled orders for 3,000 rooms. $ 900 million. Today, Disney Japan also announced that it will be temporarily closed due to the epidemic. The affected countries are not limited to Asia. At the end of January, the Italian Ministry of Tourism and the Chinese Ministry of Culture signed a one-year cooperation agreement. According to statistics, according to the original plan, direct flights between Italy and China will triple to 108. Subsequently, the plan was announced for 10 days, with 33,354 round-trip floating flights suspended due to the outbreak. However, many travel agencies have had to bear huge financial losses as they face a large number of cancellations after paying in advance for air tickets and hotel fees for group tourists. Dijon in France is very popular with Chinese tourists, and the situation there is just as bad. Due to restrictions on Chinese outbound travel, travel agencies cancelled orders for 3,000 rooms.

Marriott Global Hotel Group said on Thursday that they are experiencing unprecedented high vacancy rates in the Asia-Pacific region. Arne Sorenson, CEO of Marriott Hotel (Sorenson) said in an investment conference call that Macau ’s occupancy rate was as low as 1% within a day due to the sharp decline in mainland tourists. Faced with the epidemic, Macau's casinos also chose to close. In addition to Asia, Marriott hotels are facing crises in Europe and even globally. Sorensen said in an interview that South Korea and Italy have seen a large number of cancellations, which has led to a significant decline in sales. Hilton also said that due to the sharp decline in Chinese outbound tourism, this year will face an annual income gap of $ 25 million to $ 50 million. In fact, in addition to China's ban on outbound tourism, many tourists from other European and North American countries have also cancelled or postponed their travel plans due to the outbreak. Some people are forced to cancel their trips due to flight cancellations or travel bans, while others are "distressed" by fear and don't want to risk being infected by travel. "I originally planned to take my family to Japan in March, but I saw a confirmed case in Japan not long ago, so I want to say that I was transferred to Europe. As a result, a large-scale outbreak occurred in Italy. Despite security concerns, We don't plan to go to Italy, but we may stay at home now. "Stella, a full-time mom living in San Francisco, told Four Stars that although the children were very disappointed, it was still a wise decision in her opinion . "If you want to travel, living in a sparsely populated national park in the United States is also a good choice." In the United States, in addition to the determined group Stella, there are many people who are uncertain about this summer's trip and pay high for it Travel insurance. "We received a lot of calls from customers asking us to ask for insurance policies after refunds, and even many passengers who already bought tickets asked if they could purchase more travel insurance." American travel insurance provider Sifangkou Public Relationship manager Kassal Barto told the media. Many have raised their fees to buy "cancel travel for any reason" policy. Of all the insurances, this is the most expensive-the price is up to 40% of the cost of travel for many people. This insurance allows passengers to cancel the trip at any time three days before the trip and recover more than 75% of the cost. However, this insurance must be purchased within two weeks of booking. This statement was also approved by another travel insurance company, "Insurance Travel". According to the data they provided, the number of people who bought travel insurance after the outbreak increased by 60% over the previous period. As the epidemic broke out in more places, more people in the United States and other countries cancelled spring and summer vacations due to panic. Connecticut has instructed 17 state universities to immediately cancel all travel plans to several severely affected countries. Aviation industry also Hard hit by incalculable results. Airlines in many countries around the world have cancelled flights to and from China. In contrast to previously optimistic estimates that flights would be suspended for a few days or weeks, many airlines are now planning to postpone flight recovery until after April. Air Canada today announced that, based on an assessment of the outbreak, flights between China and Canada will resume as early as April 10. However, the economic losses caused by flight cancellations have put tremendous pressure on airlines. Air France said the global epidemic from February to April would cost 210 million people. Australia's Qantas also said the epidemic would cost $ 100 million. One of Australia's biggest pillars of tourism is revenue from Chinese outbound tourism. In addition to airlines, the cruise industry has also been hit hard, especially after a large-scale diamond infection. According to the estimates of Shanghai International Shipping Organization, by 2030, China will become the world's largest customer of the cruise industry. Unfortunately, after the Diamond, Chinese or overseas Chinese tourists will have a "bad feeling" on cruise ships in the short term. In addition to the direct impacts mentioned above, with the intensification of the epidemic, more indirect impacts have surfaced-Silicon Valley's technology industry has also been affected by the epidemic and China's outbound tourism. Expedia, a hotel-booking site, lowered its revenue forecast for the next quarter due to the outbreak. At about the same time, public announcements of massive layoffs 100 million people lost. Australia's Qantas also said the epidemic would cost $ 100 million. One of Australia's biggest pillars of tourism is revenue from Chinese outbound tourism. In addition to airlines, the cruise industry has also been hit hard, especially after a large-scale diamond infection. According to the estimates of Shanghai International Shipping Organization, by 2030, China will become the world's largest customer of the cruise industry. Unfortunately, after the Diamond, Chinese or overseas Chinese tourists will have a "bad feeling" on cruise ships in the short term. In addition to the direct impacts mentioned above, with the intensification of the epidemic, more indirect impacts have surfaced-Silicon Valley's technology industry has also been affected by the epidemic and China's outbound tourism. Expedia, a hotel-booking site, lowered its revenue forecast for the next quarter due to the outbreak. At about the same time, public announcements of massive layoffs 100 million people lost. Australia's Qantas also said the epidemic would cost $ 100 million. One of Australia's biggest pillars of tourism is revenue from Chinese outbound tourism. In addition to airlines, the cruise industry has also been hit hard, especially after a large-scale diamond infection. According to the estimates of Shanghai International Shipping Organization, by 2030, China will become the world's largest customer of the cruise industry. Unfortunately, after the Diamond, Chinese or overseas Chinese tourists will have a "bad feeling" on cruise ships in the short term. In addition to the direct impacts mentioned above, with the intensification of the epidemic, more indirect impacts have surfaced-Silicon Valley's technology industry has also been affected by the epidemic and China's outbound tourism. Expedia, a hotel-booking site, lowered its revenue forecast for the next quarter due to the outbreak. At about the same time, public announcements of massive layoffs

However, some US media pointed out that Airbnb, which is preparing for the final listing, has also been greatly affected, and may even have some impact on the listing. Airbnb CEO even said in an interview this month that he might abandon the IPO and consider going public, but did not comment on the outbreak itself. Emerging diseases and China's stagnant outbound tourism have brought a long cold spell to the global economy. The copyright of this work belongs exclusively to Pingxi Theatre / Silicon Star. Shenzhen Tencent Computer System Co., Ltd. is authorized to have the exclusive right to disseminate information on the Internet. No third party may reproduce this work without authorization.