Overseas spending by Chinese tourists nears $500bn

[xhw1986]

Investors in search of an emerging consumer story need look no further than the remarkable growth in the scale and spending of Chinese outbound tourists.

China Confidential, a Financial Times research service, estimates that total spending by Chinese travellers on outbound trips hit Rmb3.1tn ($498bn) in 2014. Spending by Chinese tourists is now greater than total spending on household consumption of around $436bn in Indonesia and $442bn in Turkey.

And this figure is even more remarkable given that the Chinese outbound tourism trend is at a relatively early stage.

http://www.ft.com/intl/cms/s/0/044217d2-ed01-11e4-a81a-00144feab7de.html#axzz3ca52gCRh

 

[Beidou2020]

$500 billion?

I thought it was only around $150 billion.

 

[duhastmish]

A good investment .

Chinese people love to travel and it means they live life and will have a very open view towards world. It will help them grow in future.

 

[Aepsilons]

Come travel to Japan....and bring your RMB with you!!

Investors in search of an emerging consumer story need look no further than the remarkable growth in the scale and spending of Chinese outbound tourists.

China Confidential, a Financial Times research service, estimates that total spending by Chinese travellers on outbound trips hit Rmb3.1tn ($498bn) in 2014. Spending by Chinese tourists is now greater than total spending on household consumption of around $436bn in Indonesia and $442bn in Turkey.

And this figure is even more remarkable given that the Chinese outbound tourism trend is at a relatively early stage.

http://www.ft.com/intl/cms/s/0/044217d2-ed01-11e4-a81a-00144feab7de.html#axzz3ca52gCRh

Naturally man, imagine they are 1.4 billion ....

 

[Yizhi]

Come travel to Japan....and bring your RMB with you!!



Naturally man, imagine they are 1.4 billion ....

i'll probably travel to Japan this Augest bro, though my wallet is not fat at all...

 

[Spectre]

Dayum!! You guys are rich!!

 

[Aepsilons]

i'll probably travel to Japan this Augest bro, though my wallet is not fat at all...

Hahaha! Where will you be at? Let's meet up! Get coffee together / lunch or something !

 

[Yizhi]

Hahaha! Where will you be at? Let's meet up! Get coffee together / lunch or something !

so far all I know is it's going to be a ferry trip to Japan & S Korea, most likely visit a few coastal cities and ...spend some RMB...

the meetup not possible this time i'm afraid . my mission is to look after relatives (quite a few retired ladies) so really little to no time for myself.

 

[Aepsilons]

so far all I know is it's going to be a ferry trip to Japan & S Korea, most likely visit a few coastal cities and ...spend some RMB...

the meetup not possible this time i'm afraid . my mission is to look after relatives (quite a few retired ladies) so really little to no time for myself.

Ah, very good of you buddy. Very noble of you !

the meetup not possible this time i'm afraid . my mission is to look after relatives (quite a few retired ladies) so really little to no time for myself.

If ever you'll be in Japan for couple of days, tell me, i'd love to meet up.