Wealthy Chinese Tourists: Boost Economy Worldwide
You must saw an increasing number of Chinese tourists visiting your country, while more shops have Chinese assistants and accept China-specific payment options.
Tourism Market in China
Chinese tourists have become the leading force of international travel, boosting travelling economies worldwide. $137 billion has been spent by Chinese travelers overseas in 2015, outspending US and becoming the top travelers. The number is expected to reach $255.4 billion by 2025.
This trend is largely boosted by the rising middle class in China. Not only do Chinese travellers have more money to spent, but also the travelling policies and overseas infrastructures for Chinese people are also getting more favorable.
According to the survey conducted by Travelzoo, Asian countries are still the most popular tourist destinations for Chinese customers in the past few years. Japan is on the top of the list, following by Taiwan, Thailand, New Zealand, Maldives, and Australia.
Apart from Asia-Pacific Regions, USA is ranked the second-most desirable destination for Chinese travelers. The U.S will continually be favored by Chinese travelers due to the new visa agreement between the USA. and China — Chinese traveler will have a 10-year visa.
Grand Canyon Remains a Popular Spot for Chinese Tourists.
In the future, a growing number of Chinese tourists are not satisfied with traveling within Asia, and are more willing to travel to other continents. The major barrier for Chinese tourists to travel to western countries include high travel expenses. According to McKinsey, most Chinese customers are optimistic and they think their income will continually increase in the following few years.
Besides, Chinese travelers are paying more attention to lifestyle services and experiences, and many signs have shown that more people are going to spend more money on leisure and entertainment. The confidence in future financial outcome will boost purchasing and allow more budgets to be allocated for traveling.
Vineyard Tour Became a New Favorite for Chinese Tourists
Many overseas governments and businesses have already seen this huge opportunity in China. For example, Fred Dixon, the leader of NYC & Company, aims to attract more tourists by partnering with Shanghai for China-US Tourism Year. China is seen as an important market for New York tourism because the country has already provided the second-largest number of tourists to New York.
Hotels.com found out that Chinese tourists are younger than the rest of the world. Those aged from 25-34 compromise the largest sub-group of all age groups.
More travelers are female (64%). They are more interested in shopping and prefer countries producing high-quality goods. Besides, they are more independent-minded, tech-savvy, and shopaholics.
As the size and wealth of Chinese middle class continues to increase, more Chinese people will start traveling abroad and spend more money overseas. Are you ready for this huge opportunity from the east?
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