Outbound Tourism Spending Habits in Top 10 Countries

2017-06-22
Price :
Published : Jun-2017
No. of Pages : 57

Outbound Tourism Spending Habits in Top 10 Countries

Summary

The report “Outbound Tourism Spending Habits in Top 10 Countries” provides detailed information on the top 10 outbound tourism markets globally. This report analyzes market data and provides a better understanding of tourism flows and tourist expenditure.

For instance, China is the largest outbound market with 130.9 Million trips in 2015, although more than one-third of these are to the countries in Greater China. Trips grew at a CAGR of 12% during the 2012-2016, thanks to increasing disposable incomes and a growing middle class population. South Korea’s deployment of US- built Terminal High Altitude Area Defense (THAAD) missiles has led some Chinese tourists to select Vietnam as an alternative to South Korea. Chinese trips to South Korea (one of the biggest gainers of growing Chinese outbound travel) fell by 40% in March 2017, according to the Korea Tourism Organization.

Canada, the fifth-largest outbound market has been witnessing a decline in trips in recent years. This is largely due to a weaker currency which led to a fall in trips to the US, the largest destination market for Canadians, accounting for 60% of the total trips. With recent terror attacks in Turkey, German trips to this key destination market have been experiencing a fall in recent years. Germany has a large Turkish population, and a significant number of trips to Turkey are VFR.

The US retained its spot as the largest outbound tourism market in terms of expenditure in 2016. However, the average expenditure per outbound trip is highest in Australia. This can be attributed to their very high average length of stay per trip (21 nights in 2016 compared to 17 nights of US outbound tourists). The appreciation of the dollar against other major currencies (such as Euro, Canadian dollar) made outbound travel relatively inexpensive encouraging US tourists to take more foreign trips. However, the strengthening of the dollar in recent years did not translate into increased average spending. This could be because of a growing number of low-cost carriers (example: Norwegian and Scoot) on transatlantic routes, lowering transportation costs.

Retail represents the largest share in the overall Chinese outbound travel expenditure. They are high spenders on shopping, particularly luxury items. Paris is one of the favorites for this. In recent years, Japan is gaining popularity for shopping due to the depreciation of the yen and the increase in duty-free items.

In particular, this report provides the following analysis –
– Historic and forecast tourist volumes covering the top 10 global outbound tourism markets
– Detailed analysis of tourist spending patterns in these markets such as average spending per trip and total expenditure
– Insights on key trends and issues in top 10 outbound markets

Scope

– China is the largest outbound market with 130.9 million trips in 2015, although more than one-third of these are to the countries in Greater China. Trips grew at a CAGR of 12% during the 2012-2016 period, thanks to increasing disposable incomes and a growing middle class population. South Korea’s deployment of US- built Terminal High Altitude Area Defense (THAAD) missiles has led some Chinese tourists to select Vietnam as an alternative to South Korea. Chinese trips to South Korea (one of the biggest gainers of growing Chinese outbound travel) fell by 40% in March 2017, according to the Korea Tourism Organization
– The US retained its spot as the largest outbound tourism market in terms of expenditure in 2016. However, the average expenditure per outbound trip is highest in Australia. This can be attributed to their very high average length of stay per trip (21 nights in 2016 compared to 17 nights of US outbound tourists). The appreciation of the dollar against other major currencies (such as Euro, Canadian dollar) made outbound travel relatively inexpensive encouraging US tourists to take more foreign trips. However, the strengthening of the dollar in recent years did not translate into increased average spending. This could be because of a growing number of low-cost carriers (example: Norwegian and Scoot) on transatlantic routes, lowering transportation costs
– Retail represents the largest share in the overall Chinese outbound travel expenditure. They are high spenders on shopping, particularly luxury items. Paris is one of the favorites for this. In recent years, Japan is gaining popularity for shopping due to the depreciation of the yen and the increase in duty-free items

Reasons to buy

– Predict about how the top 10 markets are expected to grow using historic and forecast market data
– Understand the demand-side dynamics within the industry to identify key market trends, growth opportunities
– Direct the promotional efforts on most promising markets by identifying the key source countries.

Filed in: Travel & Tourism
Publisher : GlobalData
More Reports
Title Price Buy Now

Global Low Cost Airlines Market – Market Overview and Insights for Low-Cost Airlines to 2024

Global Low Cost Airlines Market - Market Overview and Insights for Low-Cost Airlines to 2024 Summary GlobalData's Low Cost Airline Market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the low cost airline market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the segment's leading players and looks at how companies can better meet their customers' needs. Key Highlights - The ban on air travel for several months on both domestic and international flights severely impacted the aviation industry in 2020. Restrictions have been lifted in a phased manner, yet many customers still refrain from traveling unless it is ab......
$1495

Tourism Source Market Insight – India (2020)

Tourism Source Market Insight - India (2020) Summary GlobalData's Tourism Source Market Insight - India report provides a thorough insight into India's domestic and outbound tourism market. The report looks at the profiles of Indian tourists and summarizes the key reasons that they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the Indian outbound travel market. Key Highlights - VFR tourism is the most popular tourism type in India, with nearly two-thirds of tourists typically taking this kind of holiday. - Couples are the most common type of traveller departing from India, however, the number of families going on holiday is growing very quickl......
$1495

Tourism Destination Market Insights – Eastern Europe (2020)

Tourism Destination Market Insights - Eastern Europe (2020) Summary Eastern Europe provides a diverse range of attractions, experiences and activities appealing to all types of travelers from city slickers, heritage enthusiasts, culture seekers, avid walkers and adventurers worldwide. GlobalData's Destination Market Insight provides in-depth analysis of a tourist destination, in this case for Eastern Europe. The report uses regional and country focused analysis to explore inbound tourist markets, infrastructure and attractions, as well as risks and opportunities. The report provides clear insight into current and future tourism developments in the region. Key Highlights - Russia welcomed 24.4 million international visitors in 2019, alongside 65.5 million domestic visitors in the same......
$1495

Tourism Destination Market Insights – United States (2020)

Tourism Destination Market Insights - United States (2020) Summary The United States is home to a number of popular destinations for travelers of all types thanks to its varied offering. This insight report includes an analysis of source markets, infrastructure and attractions, and assesses the risks and opportunities for the United States as a destination market. Key Highlights - With the largest economy in the world, the US, which is made up of 50 states over 3.8 million square miles, is the most internationally recognized country in the world. Each state offers its own tourism product, where each state is known for different attractions. The US welcomed 78.9 million visitors from international source markets in 2019, whilst 2.3 million trips were made to domestic destinations by US ......
$1495

Tourism Source Market Insight – China (2020)

Tourism Source Market Insight - China (2020) Summary GlobalData's Tourism Source Market Insight - China (2020) report provides a thorough insight into China's domestic and outbound tourism market. The report looks at the profiles of Chinese tourists and summarizes the key reasons that they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the Chinese outbound travel market. Key Highlights - City Breaks are the most popular type of holiday, where many travelers go on sightseeing holidays, usually engaging in a guided group tour. - An unusually large percentage of domestic travel is via rail (37% in 2019), which can be attributed to China's High Spe......
$1495

Tourism Source Market Insight – United Kingdom (UK) 2020

Tourism Source Market Insight - United Kingdom (UK) 2020 Summary GlobalData's Tourism Source Market Insight: UK report provides a thorough insight into the UK's domestic and outbound tourism market. The report looks at the profiles of British tourists and summarizes the key reasons that they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the UK outbound travel market. Sun & Beach is the most popular holiday taken by UK tourists, followed by City Break and Visiting Friends and Relatives. 60% of total trips were domestic, 40% international, however total spending was a 50/50 split between the two. People spend on average more on international holi......
$1495

Tourism Destination Market Insights – Australia (2020)

Tourism Destination Market Insights - Australia (2020) Summary Australia is a popular destination and one with great potential to grow further. This report offers an overview on the infrastructure and attractions within the country. This insight report includes an analysis of source markets, infrastructure and attractions, and assesses the risks and opportunities for Australia as a destination market. Key Highlights - Leisure holidays are overwhelmingly the most popular kind of holiday for international tourists visiting Australia with 4.5 million tourists visiting for that reason, whilst 2.6 million traveled to visit friends and relatives. - Australia is regarded as a very low risk country. It has the sixth lowest risk score in Asia-Pacific and the 14th lowest risk score globally......
$1495

Tourism Destination Market Insights – South America 2020

Tourism Destination Market Insights - South America 2020 Summary South America is gaining traction as an appealing backpacking and general holiday destination, but challenges still remain. This report offers an overview on the infrastructure and attractions within the region. An iconic and idyllic region, South America holds a vast natural and cultural offering with three main tourism types including culture, adventure and ecotourism attracting tourists each year. key Highlights - An iconic and idyllic region, South America holds a vast natural and cultural offering with three main tourism types including culture, adventure and ecotourism attracting tourists each year. - More recently, as connectivity is developing, the region has become renowned as an avid backpacking destination riva......
$1495

Tourism Destination Market Insights – North America 2020

Tourism Destination Market Insights - North America 2020 Summary This insight report includes an analysis of source markets, infrastructure and attractions, and assesses the risks and opportunities for North America as a destination market. key Highlights - Over half of all trips taken by Americans (53%) and Mexicans (58%), and almost half by Canadians (49%), are typically visiting friends and family for vacation, according to GlobalData's 2019 Q3 consumer survey. This has resulted in North Americans travelling internationally 29.9 million times in 2019 for VFR purposes. International VFR tourism is expected to grow at a CAGR of 3% over the next five years, resulting in 34.7 million international trips to visit friends and family by 2024. - In 2019, the US welcomed 78.9 million interna......
$1495

Tourism Destination Market Insights – United Kingdom (UK) and Ireland 2020

Tourism Destination Market Insights - United Kingdom (UK) and Ireland 2020 Summary The United Kingdom provides a diverse range of attractions, experiences and activities appealing to all types of travelers from city slickers, heritage enthusiasts, culture seekers, avid walkers and adventurers worldwide. It remains a highly popular destination, attracting large numbers of business and lesiure travelers. Ireland holds vast sweeping landscapes, an abundance of cultural attractions, two UNESCO world heritage sites along with the dynamic and vibrant city life offered within the capital Dublin. It is consequently a hotbed of leisure tourism. GlobalData's Destination Market Insight provides in-depth analysis of a tourist destination, in this case for the UK and Ireland. The report uses regio......
$1495
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy