Deep Dive 36 minutes PremiumGlobal 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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: 10 Things To Know About Temu, the E-Commerce Marketplace Sweeping the US MarketJuly 2023 US Retail Traffic and In-Store Metrics: Signs of a Nonfood Recovery as YoY Declines EaseFebruary 2023 Monthly Consumer Update: US, UK and ChinaMarket Navigator: UK Retail, Including E-Commerce—Consumer Constraints To Fuel Multi-Year Discounter Growth
