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Chinese tourists take advantage of low euro

06-06-2012 09:39 BJT

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Recently, the euro has gotten battered versus other global currencies due to the eurozone debt crisis and it certainly weakened against the Chinese yuan as well. With the appreciation of the yuan, Chinese tourists are flocking to the eurozone hoping to find some good deals with a stronger currency. Data from one travel agency show a near 50 percent jump in bookings to the eurozone this July.

At the Spring Tour travel agency in Shanghai, tourism packages to European destinations such as the Eiffel Tower in Paris or the picturesque mountains of Switzerland have already been sold out for next month. Some customers find it hard to believe that they cannot find a ticket anymore.

Poll: Travel to Europe     (Total Votes:Loading)
1.Which European country would you like to travel?
A. UK
B. France
C. Italy
D. Others
2.Do you plan to London for Olympic Games?
A. Yes
B. No
C. Not decided
3.Will the recent euro exchange rate stimulate your trip to Europe?
A. Yes
B. No
C. Hard to say

Tourist Ms. Sun said, "It’s really out of my mind. It’s still June, but all the tourist groups to Europe in July have been full. I have already asked my company for a leave in July to go on holidays, but it seems I cannot make it."

Industry insiders say the run for trips to Europe is mainly driven by the fall in value of the euro against RMB. Tour packages to Europe have become less expensive, as well as shopping in the eurozone. The Chinese currency has strongly appreciated against the euro so far this year, standing at around 7.9 yuan to the euro on Tuesday.

Wang Xin, general manager of EU department of Spring Tour, said, "The sales of tourism packages have been growing over the past years, but this year growth is extraordinary - a 46 percent rise compared to last year. The current exchange rate is much cheaper now. For example, if you buy a bag in Europe, it used to cost 7 thousand yuan, now around 6 thousand. "

80 percent of tourism packages for the first half of August have also already been sold out, the travel agency says. They advice tourists move fast in booking their tickets.

 

Editor:Zhang Rui |Source: CNTV.CN

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