Chinese tourists are headed your way with $264 billion
By Edna Curran, BloombergBusiness
Book your holiday now, before a wave of 174 million Chinese tourists snap up the best bargains.
Already the most prolific spenders globally, the number of Chinese outbound tourists is tipped to soar further as the millennial generation spreads its wings.
Here are the numbers: 174 million Chinese tourists are tipped to spend $264 billion by 2019 compared with the 109 million who spent $164 billion in 2014, according to a new analysis by Bank of America Merrill Lynch. To put that in perspective, there were just 10 million Chinese outbound tourists in 2000.