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Financiers may be bogged down in debt worries in Dubai debt crisis shaking global financial markets, it has had little effect on its tourism market.
The annual "Shopping Festival" has started in advance in Dubai. After the debt crisis erupted, vendors began to give out hefty discounts. The moves have attracted a lot of tourists.
Since September of this year, Dubai became a tourism destination for Chinese citizens, boosting the number of visits. The recent debt crisis has not had a significant effect on the status of Dubai as a tourist destination.
Market insiders say that the debt crisis will lead to further price drops for commodity products. Analysts expect that in the long run, Dubai will be able to attract more Chinese tourists, providing good news for China's high-end tourism market.
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