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30191

An Exploration of Yuan Impact on Chinese Outbound Travel Market to Egypt

Article

Last updated: 04 Jan 2025

Subjects

-

Tags

Tourism Management
Tourism Marketing

Abstract

This paper studies the potential impact of Chinese Yuan (Renminbi RMB) on Chinese outbound travel market to Egypt. For this purpose were field researches conducted; a questionnaire about Chinese outbound travel market in Egypt and interviews with experts in both tourism and financial markets .The collected data was analyzed statistically using SPSS V. 19.
The results of the current study indicate that there is little negative impact of Chinese Yuan currency on Chinese outbound travel market to Egypt in the short time and the major benefits in the long time. Also, the devaluation of Yuan will have a significant impact on what Chinese tourists do shopping in Egypt. In addition, the first estimates also indicate that the impact of Yuan is closed to US dollar exchange rates in the short time.
The study presents a number of recommendations for government and tourist businesses in Egypt to exploit some opportunities specially in quick applying of swap currency agreement between Egypt and China, legislation issue to control both tourist businesses and financial market in Egypt and all trip items should price in Yuan for Chinese tourists.

DOI

10.21608/ijhth.2017.30191

Keywords

Yuan, Chinese Outbound Travel Market, Egypt, tourism

Authors

First Name

Mohamed

Last Name

Anter

MiddleName

-

Affiliation

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Email

-

City

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Orcid

-

Volume

11

Article Issue

1

Related Issue

4989

Issue Date

2017-03-01

Receive Date

2019-04-15

Publish Date

2017-03-01

Page Start

196

Page End

204

Print ISSN

2636-4131

Online ISSN

2636-414X

Link

https://ijhth.journals.ekb.eg/article_30191.html

Detail API

https://ijhth.journals.ekb.eg/service?article_code=30191

Order

13

Type

Original Research Articles

Type Code

806

Publication Type

Journal

Publication Title

International Journal of Heritage, Tourism and Hospitality

Publication Link

https://ijhth.journals.ekb.eg/

MainTitle

An Exploration of Yuan Impact on Chinese Outbound Travel Market to Egypt

Details

Type

Article

Created At

22 Jan 2023