入境游增长继续加速，热点扩散

Group 1: Inbound Tourism Growth - In the first three quarters of 2024, inbound tourism from Hong Kong, Macau, Taiwan, and foreign nationals increased by 60.2% to 230 million visits, recovering to 95% of the 2019 level[2] - In Q3 2024, inbound visits reached 102% of the 2019 level, with Hong Kong, Macau, and Taiwan residents exceeding 2019 levels by 17%[9] - The number of inbound foreign visitors grew by 51% year-on-year, recovering to 68% of the 2019 level[9] Group 2: Spending and Economic Impact - In Q3 2024, tourism exports reached $10.3 billion, recovering to 116% of the 2019 level, indicating a rise in per capita spending among inbound tourists[3] - The estimated contribution of inbound tourism to retail sales growth is approximately 0.5 percentage points, assuming a recovery to 120% of 2019 levels for Hong Kong, Macau, and Taiwan visitors[4] - By 2030, inbound tourism revenue is projected to exceed $200 billion (1.4 trillion yuan), representing an 80% increase from 2019 levels[4] Group 3: Policy and Structural Changes - The extension of visa-free policies, including a 240-hour transit visa, is expected to further boost inbound tourism growth[4] - From January to November 2024, inbound foreign visitors reached 29.22 million, a year-on-year increase of 86%, with 17.45 million entering visa-free, up 123%[4] - The diversity of inbound visitors is increasing, driven by both business and tourism demands, with significant growth in flights from the Middle East and Spain[5]