Chinese travelers remain biggest overseas spenders
Updated: 2013-06-04 10:40
By Shi Yingying in Shanghai (China Daily)
Chinese are still spending more on shopping overseas than people from any other nation, with an average of $1,139 per trip despite the country's super-rich travel less often, according to a report.
The average spending per trip by Chinese travelers is 70 percent higher than the global average, according to the Hurun Report's Chinese Luxury Traveler White Paper 2013.
The paper, to be released on Tuesday by the Hurun Report in association with International Luxury Travel Market Asia, said it is the third consecutive year that Chinese tourists ranked first in the global shopping market.
But China's super-rich made fewer overseas trips in 2012 - on average, 3.4 journeys compared with 4.2 in 2011, the report said.
Zhao Huanyan, a senior researcher at the Tourism Research Institute under the Shanghai Academy of Social Sciences, said: "It's not the best time for China to promote the luxury travel market ... especially given the fact that the central government is fighting corruption. In China, junket tours account for a large percentage of the country's high-end market."
Jiang Yiyi, director of the Chinese Tourism Academy's International Tourism Development Institute, said the fact that luxury brands cost about 30 to 70 percent more if bought in China compared with overseas encourages Chinese to spend more outside the country.
Statistics from the National Tourism Administration show there were 83 million Chinese outbound tourists in 2012, an 18.4 percent increase year-on-year. The country's outbound market is expected to continue to grow throughout 2013, with the number reaching 94 million.