7 Charts Showing Top Challenges Chinese Travelers Face in 2016
Photo Credit: Two Chinese travelers take a selfie on Koh Hong Island, Thailand. Flickr / Anders Lejczak
Skift Take
Chinese outbound and domestic travel will show gains even with economic stresses facing China's middle class during the next four years. But those gains won't come without challenges that prevent growth from reaching even higher heights.
Chinese travelers are forecast to make more than 200 million outbound trips per year by 2020--that's a 100% increase from the number of trips they took in 2015 (100 million) and they'll face significant obstacles in coming years even as travel increases.
That number reflects a drag in growth, though, as Credit Lyonnais Securities Asia (CLSA), an independent investment and brokerage group based in Hong Kong, decreased its annual Chinese travel growth forecast for the next four years from 11 percent to nine percent as China's economy shows signs of slowdown in its middle class. CLSA recently released a report on Chinese travelers in 2016 highlighting the largest challenges they face as they continue boosting their international travelers and growing more adventurous. CLSA interviewed 401 Chinese outbound
