Posted On 2014/06/10 By In Economics, China Outbound, Statistics With 687 Views

Chinese Tourists – The World’s biggest Spenders

Impressively, China accounts for nearly 1 in 10 tourists globally, and this number is set to rise, what shouldn’t be surprising since China accounts for one-fifth of the world’s population. Projections are that the 100 million trips taken each year now will double by 2020. This is with only an estimated 5% of the population holding passports. Though that’s already more than the population of the UK.

Still, with 1.3 billion people, there’s a lot more potential tourists. Chinese tourists are already the biggest spenders globally. They outspend the Americans and Germans as well as even the Russians on a per trip basis. In 2013, Chinese tourists spent over $100 billion (£59.5bn) and they travel to shop. Some 80% of Chinese tourists view holidays as shopping trips, as compared with about half for those from the Middle East. And they are keen to leave China to do so in order to find lower prices for luxury goods.


Learn more in our Global Ready China Seminars


Sources:

Article: BBC News / Image: zoetnet

Impressively, China accounts for nearly 1 in 10 tourists globally, and this number is set to rise, what shouldn't be surprising since China accounts for one-fifth of the world's population. Projections are that the 100 million trips taken each year now will double by 2020. This is with only an estimated 5% of the population holding passports. Though that's already more than the population of the UK. Still, with 1.3 billion people, there's a lot more potential tourists. Chinese tourists are already the biggest spenders globally. They outspend the Americans and Germans as well as even the Russians on a per trip basis. In 2013, Chinese tourists spent over $100 billion (£59.5bn) and they travel to shop. Some 80% of Chinese tourists view holidays as shopping trips, as compared with about half for those from the Middle East. And they are keen to leave China to do so in order to find lower prices for luxury goods. Learn more in our Global Ready China Seminars Sources: Article: BBC News / Image: zoetnet

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About

David

David Lee, educated in Denmark, China and the UK, gained extensive work experience with NGOs (Int”l Red Cross and UNESCO) as well as in the fields of training and education. He is part of BMG’s China office and supports services like translation, localization, market research and analysis as well as social media planning and management. David also has in-depth insight into the Chinese travel, shopping and luxury market, paired with creativity, business acumen and a passion for Social Media.

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