Chinese tourists spent nearly a quarter of a trillion dollars last year

Chinese tourists

As China’s middle class has continued to grow so has the record amount of money they continue to spend on travel.

Chinese tourists spent $215 billion abroad last year, 53% more than in 2014, according to a report from the World Travel & Tourism Council.

To put that money into perspective, that’s the economic output of Qatar.

Chinese tourists are now spending more money than every other group, including Americans.

The number of Chinese tourists traveling internationally has more than doubled to 120 million people over the last five years, according to data from the China National Tourist Office and WTTC.

Based on those numbers, one in every 10 travelers arrive from China.

The average Chinese family will begin traveling aboard once their family earns around $35,000 annually.

Between 2003 and 2013, about 21 million households crossed that threshold. The amount being spent on travel should increase drastically by 2023, when another 61 million households are expected to hit that magic number.

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Several reports have shown that Chinese travelers, who used to stick with Asian countries, have begun to travel to new locations in recent years.

Europe and the US are now popular options.

Japan is also a popular location, witnessing a 49% jump in revenue from foreign visitors in 2015.

Iceland’s travel and tourism sector grew by 19.4% in 2015, thanks in large part to a massive increase in Chinese travelers.

Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at