The Future of Travel Increasingly Is Likely To Be Chinese

[beijingwalker]

The Future of Travel Increasingly Is Likely To Be Chinese
Dan Reed
Aerospace & DefenseI
Apr 17, 2019, 06:10am

If you buy into the popular theory that “Demographics are Destiny” (not everyone does) you probably should begin learning Chinese. Korean would be good to learn, too, especially if you expect to work in the future in the travel or hospitality industries.

That’s because Chinese consumers collectively spent nearly $258 billion on international travel last year. That’s more than twice the combined amount spent on international travel by people from the United States and Germany, the next two biggest-spending nations, combined. And the Chinese are relative newcomers when it comes to venturing beyond their nation’s borders. A smallish percentage of them travel outside of China each year, though given the size of that nation’s population even that small percentage represents well over 100 million Chinese travelers to foreign destinations.

Yet Chinese citizens flew, on average, just 65 miles last year vs. the 227 miles flown on average by U.S. residents, the 285 miles flown on average by Germans, the 271 miles flown on average by those from the United Kingdom, and the whopping 632 miles flown by the average Canadian last year.


That’s according to a recent report issued by GetGoing Travel Insurance.

What China’s high total spending on international travel and its low average number of miles flown on international travel tells us is that while only a relatively small percentage of China’s residents actually do travel outside their homeland, those who do spend a lot of money and don’t tend to go all that far. China is home to approximately 1.4 billion people, making it the most populous nation on Earth. But the low average of miles travel on international trips is the function of two factors:

· A relatively small percentage of Chinese now have the financial ability to travel internationally, though the numbers who do travel outside of China are growing rapidly every year.

· A relatively large percentage of Chinese travelers beyond their nation’s borders stay relatively close to home. In fact, a big share of them go to Hong Kong, Macau and Taiwan. They go there either to visit friends and relatives who live in those places or to gamble in the casinos and or enjoy the entertainment venues in Macau and Hong Kong. Hong Kong attracted 44.5 million Chinese visitors, Macau 17.2 million and Taiwan 10.7 million.

https://www.forbes.com/sites/daniel...asingly-is-likely-to-be-chinese/#6dd32bfc6591

 

[beijingwalker]

Chinese overseas travelers are indeed big spenders.

 

[atan651]

They should spend their money domestically instead of enriching some unfriendly countries.

 

[Beast]

They should spend their money domestically instead of enriching some unfriendly countries.

It's called leverage. Once u get them hook on it and then cut off the supplier. It will hurt them bad when they goes against u.

 

[beijingwalker]

They should spend their money domestically instead of enriching some unfriendly countries.

Actually Chinese do spend way way more money on domestically traveling than oversea traveling, thanks for China's futuristic high speed railway system which can bring you to even the remotest corners of this vast country comfortably in a heart beat.

Many foregingers claim that the Chinese are the worst tourists in their countries but never hesitate to grab the Chinese tourists money which supports and floats their local economy, that's indeed hypocrisy.