According to recent data shared by Statista, Shanghai, Beijing and Guangzhou are expected to emerge as top spenders, reaching a staggering $163 billion in 2032, with Shanghai dominating domestic tourism spending. There is. This represents 88% of domestic tourism expenditure. It is gaining market share and solidifying its position as a leading destination for tourism spending.
Following closely behind, the Chinese government is expected to spend $147 billion, or 89% of domestic equity. The capital is expected to maintain its position as a major hub for tourism and economic activity, VisaGuide.World reports.
Surprisingly, Orlando in the US, known for its vibrant theme parks and attractions, is expected to spend $70 billion on domestic tourism, capturing an 80 percent share. Meanwhile, another Chinese city, Guangzhou, plans to spend $67 billion, accounting for a staggering 91 percent of the national share.
Las Vegas, famous for its entertainment and gaming industry, will be in the US a little longer as it is projected to spend $58 billion, accounting for 88% of the domestic share. Sanya, a popular tourist destination in China, is expected to contribute $41 billion to domestic tourism spending, with a staggering 92 percent share, far ahead of its Chinese competitors and other cities on the list. It is the best among them.
The 2032 global tourism spending forecast also includes Tokyo, which is expected to spend $39 billion and capture 61 percent of the domestic share. New York is expected to contribute $33 billion for a 60% share, while Los Angeles is expected to spend $23 billion to secure a 76% domestic stake.
Another Chinese city, Chengfu, plans to spend $22 billion and has an 83% share of the domestic market.
The report highlights the growing importance of Chinese cities in the global tourism landscape, with Shanghai, Beijing and Guangzhou becoming the top spenders of domestic tourism. This forecast signals a shift in the tourism economy, with these cities playing a pivotal role in shaping the future of the tourism industry.
These cities continue to invest in infrastructure, attractions and hospitality and are poised to capture a significant share of the global tourism market in the coming years. The forecast also highlights the resilience and strength of the tourism sector in the face of global challenges, positioning these cities as key players in the post-pandemic recovery.
According to reports, domestic travel in China is expected to surge during the Lunar New Year holiday on February 10th.
A total of 9 billion domestic trips are expected to take place over the 40-day period, according to a Reuters report. Additionally, the number of air travel during this annual event exceeded 80 million, an increase of 9.8% compared to pre-pandemic records.
