The annual revenue of Qunar’s Jiangxi De’an County sales department in previous years was around 3 million yuan，Outbound travel accounts for half，Most tours go to Thailand、Russia、Europe and other places。Affected by the epidemic this year，Not only the outbound 188bet app business has returned to zero，Inter-provincial group tours have not yet resumed，Only travel within the province。"Now the main group is to pick up units，Almost no individual travelers。Customer orders are also very low，Surrounding tour with only 200 yuan per capita，Same day return，Hardly stay overnight。" Store manager Dong Mingjiao sighed: "The profit is pitiful，Outbound travel is probably out of the question this year。”

“2020，The number of global cross-border tourists may drop by 60%-80%。”This is the data given in the report released by the United Nations World 188bet app Organization (UNWTO) on May 7。This report shows，Global cross-border 188bet app fell by 22% year-on-year in the first quarter of 2020，International tourists decreased by 67 million、Causing billion in losses。Among them, the Asia-Pacific region has the largest loss of tourists，Down 35% year-on-year (33 million passengers)；Europe down 19% (22 million passengers)；15% decrease in North and South America；Africa down 13%；Middle East down 11%。

The biggest impact comes from the suspension of China’s outbound travel，However, the specific passenger flow loss has not yet been released by authoritative statistics。Based on data from previous years，About 30-35 million Chinese citizens travel abroad in the first quarter of each year。over the past few years，China’s number of outbound tourists and overseas 188bet app expenditure，Both ranked first in the world。

When the largest source of tourists stops moving，The 188bet app industry itself and the fate of countless companies and individuals in related industries in China and around the world are facing a crisis: profits of Chinese companies focusing on outbound 188bet app have plummeted，The tour guides who had no jobs started micro-business；Luxury goods abroad that rely on Chinese tourists、High-end cosmetics，I also have to re-examine my sales channels；Duty-free shop launches "strange strategy"，Opened an online mall where you can buy without entering or leaving the country。

Report expected，The recovery process of the global 188bet app industry will have to wait until 2021；And the global luxury goods market in 2022 or 2023，To return to 2019 levels。But in the long run，This epidemic may not change the pattern of world 188bet app。Dai Bin, President of the China 188bet app Academy, said in an interview with a reporter from Caijing，The dividends from China’s outbound 188bet app have not been released yet，After the epidemic is over，Countries will not close their doors and only do domestic 188bet app。

Outbound 188bet app company performance is dismal, tour guides switch to micro-business

China is the world’s largest source of tourists，It is also the largest source of outbound 188bet app consumption。

According to the "Basic Situation of the 188bet app Market in 2019" released by the Data Center of the Ministry of Culture and 188bet app，In terms of outbound travel，2019，The number of Chinese citizens traveling abroad reaches 1.5.5 billion people，An increase of 3 compared with the same period last year.3%。According to data from the World 188bet app Organization，The total number of international tourists in the world in 2019 was 1.5 billion，where，188bet app consumption from China ranks first。

Dai Bin told the Caijing reporter，Outbound 188bet app is now suspended，The first wave of impact was the aviation industry of various countries、Cruise、Remote transportation；The second wave affects local hotels、Catering、Retail，Including luxury goods and daily necessities；The third wave is affected by museums、Art Museum，And destination transportation，For example, taxi、Car rental for public consumption，And local tour guide。

WTO report states，The negative growth rate of global cross-border 188bet app this year will be approximately 58% to 78%。This means the 188bet app industry will lose 8.500 million to 1.1 billion cross-border tourists，Turnover decreased by 910 billion to 1. trillion，And threaten 100 million to 1.200 million jobs directly related to 188bet app。Report states，This is the worst crisis in the international 188bet app industry since records began in 1950。

Chinese travel companies focusing on outbound travel have been hit hard。Caesar Travel established in 1993(8.650, -0.13, -1.48%)（000796.SZ），Mainly engaged in outbound 188bet app。Based on the first quarter report of 2020，January to March this year，The company’s total operating income decreased by 41% year-on-year.30% to 7.5.3 billion yuan，Total profit decreased by 224.06% to -0.6.5 billion yuan，Because there are more prepaid travel resources in January，The company’s net cash flow from operating activities decreased by 358% year-on-year.72% to -2.9.3 billion yuan。

Affected by the new coronavirus epidemic，It will be difficult for outbound travel teams to resume normal operations in a short period of time，But Shanxi Securities(7.160, -0.05, -0.69%) research report shows，Caesar 188bet app is a labor-intensive enterprise，Under the direct retail model，More than 200 business outlets around the world need to continue operating，Enterprise labor costs and venue rental costs are relatively high。There has been a performance loss in the first quarter，It is expected that business will be difficult to fully recover in the second quarter。

But Shanxi Securities thinks，The Tokyo Olympics originally scheduled for July 2020 has been postponed to July 2021，Olympic-related business will also be postponed，As the vacation ticketing agent of the Chinese Olympic Committee for the Tokyo Olympics，Caesar 188bet app related income will be cashed out next year，Therefore maintain the rating and assign an "overweight" rating。

Another leading outbound travel company—Zhongxin Travel(5.080, 0.18, 3.67%)（002707.SZ)’s first quarter report was also bleak: the company achieved operating income of 11.4.2 billion yuan，Down 53 year-on-year.26%；Net profit loss attributable to shareholders of listed companies 2906.170,000 yuan，144 year-on-year decrease.8%。Zhongxin Travel Name，Before the full recovery from the impact of the epidemic，The company will travel domestically、Invest more energy in domestic fragmented products，Vigorously develop peripheral 188bet app、Domestic travel products。

Other companies whose outbound 188bet app business has been hit are also looking for ways to tap the potential of domestic 188bet app。Klook, which completed D+ round of financing in 2019，is a company that provides global 188bet app products to young tourists at home and abroad。An Wen, the head of the company’s China business, said in an interview with a reporter from Caijing，In the past, China’s outbound business accounted for about 20%-30% of the company’s overall business，After this part of the business is completely suspended，The China team is turning to domestic 188bet app，Develop new products and supply chain。

Anwen confesses，After global travel is suspended，Significant impact on the company’s income，The company is also working hard to reduce expenses。Except for merging overlapping positions、Reduce staff by 10%-15%，Also cut off the search engine、TV commercial、Marketing expenses such as airport advertising。In international areas with severe epidemics，Advertising is temporarily unable to bring in revenue，So turn to owned traffic and content marketing。However，Take this opportunity to develop domestic 188bet app in China，And also carry out local tours in global markets，In the long run, it is a sustainable layout。“The number of times a person can travel abroad is limited after all，Domestic travel can make certain supplements。"An Wen said。

It’s not just the company that is affected，188bet app includes individual franchisees and team leaders、Tour guides and other employees。

Dong Mingjiao’s store has a total of three employees，She doesn’t plan to lay off employees yet，Use your own savings to support the store。For open source，She started a side job。“Everything is sold on WeChat，Can’t make a lot of money，188bet app enough for my own living expenses，Cannot make up for the store’s losses。”

A large number of tour guides who were unable to start work have also turned to micro-business。China Travel Guide Zhang Ming (pseudonym) starts from February，Publish cosmetics in WeChat Moments、Milk powder、Health products、Red wine and other imported products。He changed his signature to "Closed for 188bet app this year，Selling goods at home，Thank you for thinking of me dear”。Past，Zhang Ming leads long-term tours to Australia and New Zealand，In addition, CITS own abundant channels，Supply supply is not a problem for him。

In the beginning, he posted product information one after another，With the outbreak of foreign epidemics，No hope of resuming outbound travel，He started micro-business more and more seriously，Post 20 messages every day in Moments to refresh the screen。Use "private domain traffic" to sell goods，It cannot fully compensate for his living expenses。“Fortunately, my wife is from a public institution，I mainly rely on savings。The worst thing is that both husband and wife are in the 188bet app industry。”

Zhang Ming told Caijing reporter，Many practitioners had to change careers，Especially young people without savings。Once you change careers，Probably will not return to the 188bet app industry。“There are people around me who have switched careers to selling insurance，There are also people who work as real estate agents，Although I have to learn from scratch when changing careers，Very painful，But at least we can start work。The epidemic has made everyone aware of the vulnerability of the 188bet app industry。”he said。

Loss of Chinese tourists，Global luxury 188bet app、Cosmetics sales plummet

After losing Chinese tourists，Those luxury 188bet app and cosmetics that rely on Chinese overseas consumption have also been hit。

Currently，Overseas is still the main place for Chinese people to buy luxury 188bet app。According to the annual "2019 China Luxury 188bet app Report" released by Yaoke Research Institute，The global luxury 188bet app market size in 2019 was approximately US1.7 billion，where，Chinese people’s consumption reaches 152.7 billion US dollars，Accounting for up to 40%。Of the 2.7 billion，5.2 billion in luxury 188bet app consumption occurred overseas，Only US.5 billion occurred within the country。

According to Luxe.Co Luxury 188bet app Industry Stock Index，The epidemic is gradually under control in China、February when the international epidemic began to spread，Including LVMH、Richemont、Including Kering Group, etc.、The prices of the 22 most representative luxury 188bet app stocks fell in response，Among them, the British company Burberry suffered the largest decline of 15.6%，Three Italian luxury 188bet app companies Prada, Tod’s，Ferragamo also fell by more than 14%。

Subsequently，The first quarter results of 2020 announced by major luxury 188bet app groups are also gloomy。Sales of French Kering Group fell by 15% year-on-year.4% to 3.2 billion euros。Sales of LV parent company LVMH Group also fell 15% year-on-year，To €10.6 billion。

Recently，The "2020 Global Luxury Industry Research Report Spring Edition" released by Bain & Company and the Italian Luxury Industry Association Fondazione Altagamma shows，Following a 25% drop in sales in the global personal luxury 188bet app market in the first quarter of 2020，Shrinkage may accelerate in the second quarter，The market size is expected to shrink by 20% to 35% throughout the year，The specific situation depends on the speed of post-epidemic recovery。

During the epidemic，Luxury online channels remain resilient，However, traditional channels such as direct-operated stores and department stores have encountered sales "Waterloo"。In addition，Due to global air 188bet app being suspended，188bet app retail channels suffered heavy losses。Total sales of all categories show a downward trend，where，The accessories category is the most resilient，The lack of an online sales platform for watches makes up for the losses caused by the closure of physical stores，Biggest decrease。

Bain estimates，Global luxury 188bet app market in 2022 or 2023，To return to 2019 levels。

Report states，China is becoming the vanguard of post-epidemic economic recovery。Estimated to 2025，Chinese consumers 188bet app contribute approximately 50% to global luxury goods consumption，Becoming a key engine for the rebound growth of the global luxury goods industry。The proportion of Chinese people’s luxury goods consumption within the country 188bet app also increase，Mainland China’s luxury goods market accounted for 11% of the global market share in 2019，By 2025，This proportion is expected to rise to 28%。

This statement has been confirmed by the performance of luxury 188bet app companies。As the epidemic in mainland China gradually comes under control in March，King’s stores in mainland China have begun to resume operations，Sales are beginning to show signs of growth。All Hermès stores in mainland China have resumed business，And sales increased by double digits compared with the same period last year。

Absence of Chinese tourists，It also puts pressure on the performance of cosmetics companies。In the third quarter financial report of 2020 released by Procter & Gamble of the United States (as of March 31, 2020)，Net sales of its beauty business fell 1% year-on-year to 30.US.3 billion，High-end skin care brand SK-II sees double-digit sales decline in Asia and 188bet app retail channels。

In the same reporting period，Estee Lauder Group’s net sales fell 11% year-on-year to 33.USD 500 million，Net loss million。Mentioned by The Estée Lauder Group，Slump in flights has impacted 188bet app retail。

Beiersdorf, the German personal care products giant, recently released its first quarter report for fiscal year 2020，The group’s sales during the reporting period were 19.100 million euros，Down 1 year-on-year.9%。where，Sales of high-end skin care brand La Prairie plummeted 36% year-on-year。The brand relies on 188bet app retail for about a quarter of its sales，Especially popular among Chinese tourists。

Airport 188bet app shop opens online mall

188bet app face of sharp decline in international tourists，Duty-free shops in various airports have been hit。

China International 188bet app Service (89, a listed company engaged in 188bet app agency and duty-free business.500, -3.18, -3.43%)（601888.SH) Revenue in the first quarter of 2020 fell by 44% compared with the same period last year.23%，Profit is negative 1.200 million yuan，Slump 105 year-on-year.21%。China International 188bet app Service stated in its first quarter report: Affected by the new coronavirus epidemic，The number of customers in the company’s duty-free stores dropped significantly year-on-year，Some duty-free shops have closed or adjusted their business hours，This will have a greater impact on the company’s normal operations。Stated by China International 188bet app Service，Next, we will continue to innovate and optimize the online shopping model based on our own operating characteristics，Increase sales and promotion efforts for online booking of duty-free products，Reduce the impact of the epidemic on company operations。

In order to increase revenue，During the epidemic，Rishang Duty Free, an airport duty-free shop owned by China National 188bet app Service, has rarely opened an online mall where purchases can be made without entering or exiting the country。Members with 500 points in Rishang Duty Free Bank account，As long as the return information of the international flight is provided，You will have a chance to be eligible for purchase，Purchased goods will be mailed directly to your home。According to the official WeChat account of Rishang Duty Free Beijing，Even last year’s flight information，You can also participate in the purchase。And before，Only consumers actually enter and leave the country，Only eligible to purchase goods at the airport duty-free shop。

Chinese tourists and purchasing agents are the main shopping groups in Korean duty-free shops。According to CCTV News，Due to the impact of the epidemic，The number of tourists traveling to South Korea has dropped sharply，In April this year, Korean duty-free shop sales dropped by 90% year-on-year。In response to the crisis，The Korean duty-free shop industry has proposed to the Korean Customs Service，Hope to go through department store、Destocking in domestic distribution channels such as discount stores。Once approved，This 188bet app be the first time that South Korea allows duty-free goods to enter other circulation channels。

Japanese duty-free store LAOX begins to lay off employees。February 14，LAOX Announcement，Affected by the new coronavirus 188bet app，The number of Chinese tourists visiting Japan continues to decrease，The company’s home electronics stores and duty-free shops are expected to be greatly adversely affected，Recruiting voluntary resignations from all employees。The company’s senior management also took salary reduction measures。

According to the first quarter results announced by French luxury goods giant LVMH，In various departments，Boutique retail segment sales fell 25% year-on-year to 26.€2.6 billion，Far more than the 15% drop in the group’s overall sales。Owns luxury duty-free 188bet app retailer DFS under the boutique retail division，Especially affected by the epidemic。

Related reports from Boston Consulting Group，188bet app retail will be one of the distribution channels with the longest recovery period。The regional reshuffle of luxury goods consumption is accelerating，Mainly backflow to mainland China，But this has a negative impact on retail sales in markets outside China。

Dai Bin said，When will China’s outbound travel resume，Mainly depends on the epidemic situation in foreign tourist destinations。China’s outbound 188bet app destinations are mainly concentrated in neighboring countries，such as Thailand、Vietnam、South Korea、Japan、Russia, etc.；On the remote market，Western Europe、Central Europe、Southern Europe、North America、Australia、Mainly New Zealand，These countries account for 70-80% of China’s overseas 188bet app market。Right now，The epidemic situation in these places is very serious。It is currently impossible to predict the time when outbound travel will be allowed，We can only say that policies will be adjusted according to the development of the epidemic。

He thinks，Long term，This epidemic will not change the pattern of world 188bet app - countries will not close their doors and only do domestic 188bet app。“The dividends from China’s outbound 188bet app have not been released yet，China’s 188bet app is still growing rapidly。As long as the epidemic is effectively controlled、Strengthen international cooperation、Continue to maintain an attitude of welcoming Chinese tourists，Stay optimistic about the resumption of outbound travel。”

Dai Bin said: "188bet app is a highly sensitive industry，Like a mimosa，In case of impact，It closes，But after a while，It opens again。This global epidemic，In addition to affecting travel intention，Also affects consumption ability，So the scope of influence is wide、Long time；But this does not mean that the willingness to consume has been suppressed，Only temporarily suppressed，It will recover after the epidemic passes。”

WTO report states，Most experts expect the global 188bet app industry to show signs of recovery in the fourth quarter of 2020，But the main recovery process will have to wait until 2021。Based on experience from past crises，Leisure travel to visit family and friends will recover faster than business travel。

*Source of 188bet app article: WeChat public account "Finance Eleven" (ID:transfer_2396012237), authors: Yang Liyun, Wu Qiong, original title:《After China’s outbound 188bet app was suspended, these industries suffered greatly》.