• TOURISM ECONOMICS

China is becoming the largest source market for international travel. Already the global leader in tourism departures, it is estimated that China overtook the US as the largest source of international travel spending in 20141 . In total, Chinese travelers made over 67.5 million trips in 2014. Annual Chinese arrivals are expected to total nearly 97 million by 2023 at an average annual growth rate of 5.1% over the ten-year forecast horizon.
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