Core Viewpoint - Recent tensions due to Japan's comments on Taiwan and deteriorating local security have led the Ministry of Foreign Affairs to issue a travel warning for Japan, prompting major domestic airlines to implement a free cancellation and modification policy [1] Group 1: Impact on Travel Industry - Travel agencies have not received any "stop group" directives, but market risk aversion is rising, with a significant increase in cancellations for trips to Japan [1] - One travel agency reported a surge in cancellation requests, leading to the removal of many related travel products from their offerings [1] Group 2: Shifts in Tourist Preferences - Data from Qunar indicates that the demand for staggered outbound travel from Chinese tourists remains strong until the end of 2025 [1] - Some travelers originally planning to visit Japan are now shifting their preferences to other destinations, with South Korea emerging as the most popular choice for outbound travel [1]

Core Viewpoint - The Chinese Ministry of Culture and Tourism has advised tourists to avoid traveling to Japan, leading to a significant number of cancellations and changes in travel plans [3][4]. Group 1: Impact on Travel Industry - Many travel agencies have started removing promotional materials related to Japan and are actively coordinating refunds for travelers [3][4]. - There is an anticipated decline in flight and hotel prices for Japan, with expectations that Japan will drop out of the top outbound travel destinations for the upcoming New Year and Spring Festival [3][4]. - Data from Qunar indicates that South Korea has become the most popular outbound travel destination, with a notable increase in searches for Southeast Asian countries like Thailand, Malaysia, and Singapore [4]. Group 2: Visitor Statistics and Economic Impact - According to the Japan National Tourism Organization, the number of visitors from mainland China to Japan was projected to exceed 6.98 million in 2024, marking a 187.9% increase year-on-year [5]. - Chinese tourists accounted for approximately 20%-25% of total visitors to Japan in the first ten months of 2024, with spending reaching 1.73 trillion yen, making them the largest group of foreign spenders [5]. - The reduction in Chinese tourists is expected to negatively impact Japan's tourism and consumer sectors, with stock prices of several Japanese companies, including Japan Airlines and Shiseido, experiencing declines [6].

Group 1 - The Chinese Ministry of Culture and Tourism has advised tourists to avoid traveling to Japan, leading to a significant number of cancellations and changes in travel plans [1][2] - Major travel agencies have begun removing promotional materials for Japan travel, and there is an expectation of a substantial drop in flight and hotel prices for Japan [1][2] - South Korea has emerged as the top outbound travel destination, with a notable increase in bookings for Southeast Asian countries such as Thailand, Malaysia, and Singapore [2] Group 2 - The Japan National Tourism Organization (JNTO) reported that the number of visitors from mainland China to Japan is projected to exceed 6.98 million in 2024, marking a year-on-year increase of 187.9% [3] - Chinese tourists accounted for approximately 20%-25% of total visitors to Japan in the first ten months of the year, with their spending reaching 1.73 trillion yen, making them the largest group of foreign spenders [3] - The decline in Chinese tourists is expected to negatively impact various sectors in Japan, including tourism, cosmetics, and retail, with stock prices of companies like Japan Airlines and Shiseido already experiencing declines [4]