Deep DiveGlobal Chinese Shoppers – The $200 Billion Opportunity Coresight Research September 22, 2015 Executive Summary Chinese tourists are now the biggest global spenders and the momentum will continue, reflecting the expanding Chinese middle class and a growing base of passport holders. The typical Chinese traveler spends around US$1,678 on retail purchases per overseas trip. The farther they travel, the more they shop. Total overseas spending by Chinese tourists will jump 23% to US$229 billion in 2015, and by 2020, FBIC Global Retail & Technology projects US$422 billion. The most popular overseas shopping categories are clothing, footwear and accessories (bought by 56% of travelers), fragrances and beauty products (52%) and electronics (32%). Total outbound passenger journeys will double by 2020, to approximately 234 million annually. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Mixed Signals—Economic Optimism Continues But Consumers Feel the Strain on Personal Finances: China Consumer Survey InsightsThe State of AI: What’s Possible, What’s Theoretical and What It All Means for RetailInflation Awareness Rises; Economic Sentiment Falls to Six-Month Low: US Consumer Survey InsightsKering and L’Oréal Announce €4 Billion Strategic Partnership—Multibrand Luxury and Beauty Firms Playing To Their Strengths
