China remains strongest tourist source market
China remains strongest tourist source market
Author: CSEBA
27th April 2018
BEIJING - China was the most important source market for tourist spending in 2017, according to preliminary data published by the United Nations World Tourism Organization (UNWTO) on Tuesday.

The UNWTO said that Chinese tourists spent a total of 258 billion U.S. dollars on international tourism in 2017; 8 billion dollars (5 percent) more than in 2016 and well ahead of the second most important source market, which was the United States with spending of 135 billion dollars. 

Germans meanwhile spent 84 billion U.S. dollars on international travel, while British travelers were in fourth place with spending of 63 million U.S. dollars. 

2017 was a good year for the so-called 'BRIC' economies, with a 13 percent rise in spending from the Russian Federation and growth of over 20 percent in spending from Brazil as their economies bounced back after crisis, while India moved in 17th place in the list of the most important source markets as its economy continues to grow. 

"Emerging economies play a key role in tourism development and we are very pleased to see the rebound of the Russian Federation and Brazil, and the ongoing rise of India," commented UNWTO Secretary-General, Zurab Pololikashvili in a press communique. 

He added that the continued growth of emerging outbound markets "contribute to growth and market diversification in many destinations."

 2017 saw a 7 percent increase in international tourist arrivals with 1,322 million people making trips which involved a stay of at least one night in a foreign country, with growth continued to be between 4 and 5 percent in 2018.

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