{"id":34779,"date":"2005-09-28T23:19:03","date_gmt":"2005-09-28T15:19:03","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2005\/09\/28\/china-to-become-worlds-largest-supplier-of-outbound-tourists-by-2020\/"},"modified":"2005-09-28T23:19:03","modified_gmt":"2005-09-28T15:19:03","slug":"china-to-become-worlds-largest-supplier-of-outbound-tourists-by-2020","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2005\/09\/28\/34779\/","title":{"rendered":"China To Become World's Largest Supplier Of Outbound Tourists By 2020"},"content":{"rendered":"<p><img decoding=\"async\" height=\"60\" src=\"http:\/\/www.chinahospitalitynews.com\/images\/clsa_logo_120x60.gif\" width=\"120\" align=\"right\">According to a new report released by leading brokerage house CLSA Asia-Pacific Markets, China will become the largest source of outbound tourists by 2020 at 115 million.<\/p>\n<p><!--more--><\/p>\n<p>Despite using a more conservative methodology CLSA's estimate exceeds the well documented World Tourism Organisation (WTO) estimate of 100m by 2020.<\/p>\n<p>China is working from a low base with annual outbound departures as a percentage of the population at approximately 2% which compares to 15% for Japan, 35% for Taiwan, 25% for US and over 100% for the UK. Stripping out travel to Hong Kong and Macau, which represents around 70% of the total, and considering that only 4% of China's urban population has traveled overseas, CLSA expects huge growth potential in the country's outbound tourism.<\/p>\n<p>Other findings include growth in leisure travel over business travel and individual travel becoming more popular than group travel. The Billion Boomers generation &#8211; young, career-driven consumers &#8211; are spreading their wings. Still, Chinese spend less than those from most countries when traveling due to budgeting considerably less for accommodations. However, spending on shopping is very high: the CLSA reports finds that Chinese shop up to 80% more than Japanese. CLSA finds that luxury goods and cosmetics are the most sought after items. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a new report released by leading brokerage house CLSA Asia-Pacific Markets, China will become the largest source of outbound tourists by 2020 at 115 million.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-34779","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=34779"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34779\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=34779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=34779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=34779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}