Chinese overtake Germans as biggest spending tourists

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Chinese overtake Germans as biggest spending tourists

Postby tankee » Fri Apr 05, 2013 10:03 pm

MADRID/FRANKFURT – Chinese tourists have overtaken Germans as the world’s biggest-spending travellers after a decade of robust growth in the number of Chinese holidaying abroad, the United Nations World Tourism Organisation (UNWTO) said on Thursday.

Chinese tourists, known for travelling in organised tours and snapping up luxury fashion abroad, spent US$102 billion (S$126.6 billion) on foreign trips last year, outstripping deep-pocketed travellers from Germany and the United States.

Chinese tourists spent 41 per cent more on foreign travel in 2012 than the year before, beating the close to US$84 billion both German and US travellers parted with last year.

Tourists from other fast-growing economies with swelling middle classes, such as Russia and Brazil, also increased spending in 2012. In recession-hit Europe, however, French and Italian tourists reined in their holiday budgets..... ... g-tourists

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