China will become the world's largest cruise market by 2030, with 8 to 10 million customers each year, according to figures by the Shanghai International Shipping Institute.
Eyeing the Chinese outbound travel market, WeChat has been expanding its mobile payment services beyond the border.
Chinese international tourism spending reached $261 billion in 2016 and CLSA projected that the spending will reach $429 billion in 2021.
The 8445 km expressway connecting Russia and China and the “Belt and Road” initiative paved the way for Chinese tourists to tap the less traveled destinations, such as Kazakhstan, Russia, Finland and Turkey.
Chinese visitors spent an estimated USD 2.58 billion in Singapore last year, increasing 39 percent or USD 732 million dollars from 2015.
Chinese travelers on average spent USD 3,623 (RMB 24,945) on international travel in the last 12 months, more than a quarter (28%) of their income.
Chinese tourist arrivals to Europe grew 65% in the first half of 2017. More than half of these tourists were over 50 years old.
China’s airlines carried 263 million passengers in the first half of 2017, up by 13.4%. Total turnover rose 12.5% to 51.34 billion ton-kilometers during the time.
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