Future Prospects of Chinese Outbound Travel for the Lodging Industry

China already accounts for the highest outbound travel expenditure worldwide, and is set to continue the strongest growth in absolute value terms up to 2030

This report highlights the expected standout increase in average spend in the United Arab Emirates, South Africa, India, Indonesia, Brazil and Argentina.

A potential economic downturn might dampen growth, but will not result in a decline. While Asian countries will be hardest hit, China will continue recording positive growth of outbound expenditure.

With Chinese travellers preferring economy accommodation, South Africa and the United Arab Emirates demonstrate a significant gap in their lodging markets, which offers opportunities to hotel players.

With increasing amounts of Chinese travellers starting to travel, average spending in luxury destinations such as Macau and Switzerland is set to decline, but many countries will benefit from increased spending.

The United Arab Emirates and Indonesia are forecast to see slow growth in short-term rentals, which should entice short-term rentals platforms to increase their presence there.