Increasing Chinese tourists to short-haul destinations

According to Jing Travel, Chinese overseas travel spending dropped 10% in Q1 2019 compared to last year. The article says that despite constituting a fifth of global tourism spending, Chinese tourists are increasingly drawn to domestic or short-haul destinations — Thailand and Vietnam continue to enjoy steady growth. This might also influence the flow of outbound medical travel from China.

The article states that China’s slowing economic growth, the US-China trade dispute, and a weakening RMB have diminished the willingness of China’s middle class to spend big abroad. Despite constituting a fifth of global tourism spending, Chinese tourists are increasingly drawn to domestic or short-haul destinations — Thailand and Vietnam continue to enjoy steady growth. The news echoes the slowdown concerns of America’s tourism industry, which has seen inbound numbers slow for a first time in 10 years.