Chinese tourists spend US$74M in US every day: report

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Chinese tourists in the U.S. [File photo]

In 2015, fashion retail stores, hotels and luxury stores were the venues where outbound Chinese tourists spend the most, according to a report by Xinhua.

The report states that, in 2015, the number of Chinese tourists traveling to the U.S. increased by 18 percent from 2014 to reach 2.59 million. 2015 was also the year China replaced Brazil to become the fifth largest source of tourists in the U.S. In 2015, Chinese tourists spent $26.9 billion in the U.S. On average, they generated $74 million in revenue every day. Nearly 30 percent of that money was spent shopping.

"The increasing overseas spending can be attributed to the higher income of Chinese citizens. Japanese and Korean tourists' overseas spending maintained a high growth rate of between 30 and 40 percent before the Japanese and South Korean per capita GDPs reached $10,000," explained Zhao Ping, a researcher with the China Council for the Promotion of International Trade.

"China, with a per capita GDP of $8,000, is still in the period of high-speed growth, and the trend will continue," she added.

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