This Year, Overseas Spending by Chinese Tourists Expected to Surpass Pre-COVID Levels

Tourism-related photo. Not directly related to the article content. [Image source=Yonhap News]

This year, the overseas spending of Chinese tourists is expected to surpass pre-COVID-19 pandemic levels for the first time.

According to Bloomberg on the 3rd, the World Travel & Tourism Council (WTTC) predicted that Chinese tourists will spend 1.8 trillion yuan (approximately 341 trillion KRW) abroad this year. This amount is about 10% higher compared to 2019.

Domestic spending by Chinese tourists is also forecasted to reach 6.79 trillion yuan (approximately 1,290 trillion KRW), which is 11% more than in 2019.

Bloomberg pointed out that the fact that Chinese tourists will exceed pre-pandemic spending levels both domestically and internationally this year is an important benchmark for the recovery of the global tourism industry.

However, the number of foreign tourists visiting China has yet to recover. WTTC stated that the consumption by foreign tourists visiting mainland China this year is expected to be 715 billion yuan (approximately 136 trillion KRW), which is 25% less than in 2019.

There is an analysis that the number of foreigners visiting China has decreased, mainly from Western countries, amid escalating US-China tensions and China's strengthened security policies.

This content was produced with the assistance of AI translation services.