Sunday, July 14, 2024
HomeBusinessChinese tourists spend nearly $1 trillion on vacations at home

Chinese tourists spend nearly $1 trillion on vacations at home

Chinese tourists adventuring closer to home are expected to pump a record 6.79 trillion yuan ($938 billion) into the mainland’s economy this year – surpassing pre-pandemic levels for the first time.

According to a report from the World Travel and Tourism Council and Oxford Economics, spending by domestic holidaymakers is expected to be 11% higher than in 2019 – before the COVID-19 pandemic halted most travel.

“Chinese visitors are starting to travel again and this will only continue to grow,” said Julia Simpson, president of the travel council. “The tourism sector has shown signs of resilience and a strong recovery.”

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