Chinese tourists spend USD 130 billion overseas in 2018

Chinese tourists made 149 million overseas trips in 2018, with total spending amounting to USD 130 billion. The data marked a year-on-year increase of 14.7% and 13%, respectively. This was revealed by a recent report released by the China Tourism Academy.

According to the United Nations World Tourism Organization (UNWTO), the number of global travellers will exceed 1.8 billion by 2030. China is considered the world’s fastest growing tourism market and will play a key role in the sector’s development.

The domestic tourism market is also booming. In the first half of the year, China’s domestic tourism revenue came in at CNY 2.78 trillion (USD 402 billion), up 13.5% year on year, according to the report. The academy has predicted domestic tourism revenue will expand by another 10% this year.

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