Chinese travelers overseas spent much more than foreign visitors inChina in the first three quarters, according to a report released by the China TourismAcademy (CTA) on Friday. A deficit in tourism revenue stood at some 77.6 billion U.S. dollars from January toSeptember, said the CTA report. During the period, 95 million trips were made to China, down 1.5 percent year on year.Meanwhile, 85 million trips flowed out of the country, surging by 16.6 percent.
“The tourism deficit for the whole 2014 may exceed 100 billion U.S. dollars,” said CTApresident Dai Bin, citing explosive growth in outbound tourists and a lackluster inboundtourism market.
China first recorded a tourism deficit in 2008, when the global financial crisis greatlydiscouraged foreign spending in the country while a stronger yuan encouraged touristoutflow. The country is one of the main sources of international tourists as an increasingly well-offmiddle class seeks more exotic experiences overseas.
Despite occasional disorderly conduct, Chinese tourists were generally well receivedabroad as many of them spent lavishly on luxury goods, from branded bags to expensivewrist watches.