Five Reasons Why Chinese Millennials are Driving the Tourism Market: #3

Part of the



Chinese millennials are relatively wealthy Young Chinese travelers -- as the first generation born under the “One Child Policy” -- have greater purchasing power than their parents, helped also by their high educational attainment and low levels of debt. Chinese millennials therefore tend to spend more, racking up an astonishing $50,000 per year on leisure and travel costs. Young Chinese people both spend more per trip and travel more often than their older counterparts, taking on average three to four international trips each year. These spending trends show no signs of cooling off: despite a slowing national economy, studies predict that Chinese millennials’ total combined income will increase by $3 billion over the next decade, suggesting that their travel habits will increase in cost and frequency in the coming years.

You might also like

Basilinna CEO Deborah Lehr joins Hank Paulson on Straight Talk
Why China’s path to a green economy is paved with fintech
How to pronounce Chinese names?

Related Articles

No items found.

More posts from this series:

Why Chinese Tourists Deserve Your Attention
China-Egypt Tourism surges solidifying bilateral ties
Chinese explore new waters -- cruising