P.M. BRIEFING : Unrest Cuts Chinese Tourism in Half
Foreign tourism to China plummeted in July to nearly half the level of July, 1988, but made a modest recovery from June following the bloody crackdown on the democracy movement, a report in the official English-language China Daily said today.
The country earned $2.2 billion last year from tourism, but analysts expect the industry will finish this year earning only half that figure. The peak summer season has been largely written off.
Major hotels are operating at or below 50% occupancy, with some as low as 20%. The National Tourism Administration said only 80,000 foreign nationals entered the country in July, a 47.5% drop from July, 1988, but a modest 11.3% increase over June, the newspaper reported.
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