Forecast: International Spending for Tourism in China

The international spending for tourism in China has shown significant fluctuations over the past decade. From 2013 to 2019, the values generally increased, peaking at $276.9 billion in 2018. However, there's a noticeable dip in 2019 and 2020 due to various disruptions, including the global pandemic. The year-on-year variations during these years range from -9.45% in 2019 to a high of 76.82% in 2014, indicating an inconsistent growth pattern. The CAGR over this period similarly fluctuated, dropping significantly during downturns. In 2023, international tourism spending stood at $308.13 billion, showcasing a recovery with a 3.68% year-on-year increase and a 2.16% five-year CAGR.

The forecasted data from 2024 to 2028 predicts a steady rise, reaching $364.43 billion by 2028. The 5-year CAGR for this period is expected to be 2.69%, with an overall growth rate of 14.2% over five years. Key trends to watch include changes in global travel restrictions, economic conditions influencing consumer spending on tourism, and shifts in China’s tourism policies that may impact international spending patterns. Advances in digital tourism platforms and sustainability trends could also play significant roles in shaping the future trajectory of international tourism spending in China.