It was bound to happen. China, the most populated country on earth, has added another industry leader title to its belt, taking over the West as the contributor to the global tourism industry.
Last year China recorded 97.5 million outbound travelers to occupy the number one position in world tourism market, spending a collective US$128 billion abroad.
The data, released yesterday at the third Global Tourism Economy Forum in Macau, shows China's outbound travelers are also fuelling a revival in Asia's tourism industry, which is expected to receive approximately 535 million tourists by 2030.
The Joint Annual Report on Asia Tourism Trends drafted by the World Tourism Organization (UNWTO) and the Global Tourism Economy Research Center shows the region attracted a total of 248 million international tourist arrivals in 2013, about 23% tourists from around the world.
This share is expected to reach 30% by 2030, reaching 535 million international tourists.
The Global Tourism Economy Forum is taking place at The Venetian Macao for three-days and brings together government officials and tourism experts from across the globe to discuss the industry’s current trends as well as its future.