Since this year, the global tourism industry is emerging from the shadow of the new epidemic and recovering rapidly. Affected by this, the operating performance of the hotel industry has generally improved.
The latest financial reports of Marriott International Group, Hilton and Hyatt Regency Hotel Group show that the revenue and net profit of each company have increased significantly. Among them, Marriott International Group's total revenue in the third quarter was 5.928 billion dollars, an increase of 615 million dollars year on year; Net profit was 752 million US dollars, an increase of 112 million US dollars year on year. Hilton's total revenue in the third quarter was $2.673 billion, and its net profit was $377 million. Hyatt Hotels Group's total revenue was 1.622 billion US dollars, and its net profit was 68 million US dollars, more than twice the year-on-year growth.
Not only hotels, Carnival Cruises and Royal Caribbean Cruises, but also other cruise enterprises that have been hit hard by the epidemic, have recently achieved good results. The financial report shows that the revenue of Carnival Cruise Line increased by more than 50% in the third quarter, with a net profit of $1.074 billion, compared with a loss of $770 million in the same period last year; Royal Caribbean Cruises' quarterly net profit exceeded $1 billion, compared with $32.97 million in the same period last year.
The recovery of the tourism industry, on the one hand, benefited from the disappearance of the impact of the epidemic, and on the other hand, benefited from the relevant stimulus policies issued by many countries to support the development of tourism, especially cross-border tourism. For example, next year, South Korea will increase the maximum amount of tax rebate shopping that each foreign tourist can enjoy per trip from 500000 won to 1 million won, and the total amount from 2.5 million won to 5 million won. After the Seta government took office, it identified tourism as an important driving force for Thailand's economic growth, exempted tourists from visa requirements in China, Kazakhstan, India and other places, and instructed airlines to increase routes and simplify airport processes. In addition, the Thai government is discussing a plan to allow tourists from some European countries to stay in Thailand for up to 90 days to attract tourists. China has also recently decided to try out a unilateral visa free policy for ordinary passport holders in France, Germany, Italy, the Netherlands, Spain and Malaysia.
Favorable policies drive the travel enthusiasm of tourists from all countries. Research institutions predict that in 2023, global tourism will reach 10.78 billion person times and total revenue will reach $5 trillion, of which the number of outbound tourists will exceed 1.26 billion, returning to 86% of the peak level in 2019.
