Exchange rates shaping travel plans
By Su Zhou | China Daily | Updated: 2016-09-09 08:39
Uncertainties such as fluctuating currency exchange rates and fear of terrorist attacks are influencing outbound tourists' decision-making, says a new report.
The depreciation of the yuan versus the US dollar didn't have a significant impact on tourism destinations such as the United States last year, according to the annual report on China outbound tourism development, released on Thursday by the China Tourism Academy.
However, the yuan's appreciation against the Japanese yen, the Russian rouble and the Canadian dollar have boosted quickly planned overseas trips, it said.
Photo