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Dramatic fall in travel fares


4-Feb-2004 -
Prices for travel have dropped substantially with the end of the Spring Festival peak travel time.

Several major travel agencies said business was normally at the year's lowest ebb from the Chinese Lantern Festival to the end of March, when prices fall by 30 to 50 percent and even 5 to 10 percent lower than normal times.

Price falls in airfares and service charges for tourist destinations after the festival were the reasons for the lower prices.

Group tours to Hainan Province, the biggest beneficiary of price hikes during the golden week, have the biggest price reductions. China Travel Service's Shenzhen branch says a four-day tour to Hainan is now 999 yuan (US$120), down from at least 1,980. It will further drop to around 800 yuan after Feb. 9, when schools resume.

A six-day tour to Thailand falls to 2,400 yuan from 3,200 yuan while an eight-day tour to Australia now costs 11,800 yuan instead of the 16,000 yuan it cost during the past week. Insiders predict that the cost of a seven-day tour to Australia later this month will fall to below 10,000 yuan.
4-Feb-2004 -

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