Depreciation of yuan affecting travel choices

People still heading out, but exchange rates will play an outsize role in deciding where they spend holiday

Recent depreciation of the yuan has not dampened Chinese tourists' enthusiasm for outbound trips, but it has affected where they are going and what they are doing abroad, industry insiders said.

Ctrip, one of China's leading online Shanghai-based travel agencies, said on Saturday that a record 6 million trips would be made by Chinese tourists to overseas countries during the coming Spring Festival holiday. Total outbound consumption is expected to surpass 100 billion yuan ($14.37 billion).