Chinese Travelers Set a New Record for Global Tourism Spending in 2016

Chinese travelers venturing abroad spent $261 billion on foreign travel in 2016, a 12 percent increase over 2015, and that represents a new record for global outbound tourist spending.

Chinese tourists spent more than any other country’s outbound travelers last year and are already the largest outbound travel market with some 135 million Chinese traveling outside China last year, a six percent increase year-over-year, according to data released this week by the United Nations World Tourism Organization (UNWTO). China has been the largest outbound travel market since 2012 and its tourist spending has had double-digit growth each year since 2004.

The World Travel & Tourism Council also projects that China will be one of the 10 fastest growing markets for leisure travel spending through 2026. Chinese travelers were also the second largest market, after the U.S., for their contribution to global GDP last year (more than $1 trillion).

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Source: Skift