According to the forecast data, the number of Chinese outbound visitors for private purposes is projected to increase consistently from 2024 to 2028. The values are estimated to rise from 199.7 million person-times in 2024 to 227.8 million person-times by 2028. This growth signifies a positive year-on-year variation, showing an annual increase in the range of 3.5% to 3.7%. Notably, there was an actual number of 193.5 million person-times recorded in 2023, reflecting a robust recovery in outbound travel demand post-pandemic.
Over the five-year forecast period, the compound annual growth rate (CAGR) of outbound visitors is approximately 3.5%, indicating steady growth. Such growth patterns underscore the expanding travel appetite among Chinese citizens, driven by rising disposable incomes, ease of travel restrictions, and increased interest in global exploration.
Future trends to watch for include:
- Potential impacts of geopolitical tensions on travel policies and tourism agreements.
- Advancements in digital travel solutions and their influence on travel convenience.
- Environmental concerns and sustainable travel trends shaping destination preferences.
- Economic fluctuations and their impacts on discretionary spending behavior.
