Chinese New Year financial loss

This just sounds like a new reality. From over 200,000 in February 2019 to 21,000 in February 2020 due to pandemic border closures – presumably this year will be very similar as well. While it affects the economy, it just means some businesses that used to rely on the influx of Chinese tourists during this time will need to re-focus their efforts elsewhere (if they haven’t done so already).

#chinesenewyear #china #chinese #tourist #tourism #economy

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Australia’s retail and hospitality sectors are expected to suffer a $1.4bn financial hit because of the absence of cashed-up Chinese tourists during Chinese New Year celebrations.