The rise of Chinese luxury traveler and their spending power
July 23, 2019
In 2018, 149.7 million overseas trips were made by Chinese residents, an increase of 1,326% from 2001 when the figure was 10.5 million. By 2030, this figure will reach 400 million – an increase of almost 4000% – and will account for a quarter of international tourism. According to Agility Research, travel is the most popular item to spend money on among the affluent Chinese specifically – they are travelling further and further away from the mainland and Hong Kong and are traveling more luxuriously. ILTM China 2019 (Shanghai, 31 October – 2 November) will once again be the forum for their luxury travel agents to research these opportunities on behalf of their clients.
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