The rise of Chinese luxury traveler and their spending power
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 20...