Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Deep Dives 36 minutes premium

Global Chinese Shoppers – The $200 Billion Opportunity

Coresight Research

Key Points

  • 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 Premium subscribers only. Learn more about subscriptions here.

Other research you may be interested in:

Do NOT follow this link or you will be banned from the site!