Chinese outbound travel boom is expected to continue

Published on : Friday, November 3, 2017

new age Chinese travelersThe boom in Chinese outbound travel is set to continue.

 
Laurens van den Oever, ForwardKeys’ Chief Marketing Officer said, “The Chinese dragon is breathing more hotly than ever. Bookings for outbound travel during Chinese New Year, in February 2018, are currently 40% ahead of where they were at the same time last year.”

 
The destinations set to enjoy the most positive growth are: Thailand, where Chinese bookings are currently 47% compared to last year. Besides Thailand, Vietnam is 40% ahead, France, 31% ahead, Singapore 28% ahead, Japan 27% ahead and Canada, 23% ahead.

 
According to the Chinese National Tourism Administration (CNTA), outbound travel has grown 270% since 2008 and it is expected to reach 200 million departures by 2020.

 
Expenditure by Chinese tourists has grown strongly. From 2008, it has grown 730%. The strong growth in expenditure by Chinese tourists has not been overlooked by destinations, which are keen to attract the tourism Yuan.

 
In the calendar year to date, Chinese travel interest for the US has fallen conspicuously. Visitor arrivals are 10% down. However, its neighbours in North America have benefitted substantially, with arrivals in Canada up 54% and Mexico up 29%.

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