Article content
(Bloomberg) — Newly cost-sensitive Americans may be hitting the breaks on their big European vacations this summer, but another group is taking up the slack: Chinese travelers. According to a survey about long-haul trips the European Travel Commission (ETC) is publishing on Jun. 10, which was previewed exclusively with Bloomberg, 72% of Chinese respondents say they plan to travel to Europe this summer—up 10% from 2024. The figures reflect the highest demand from Chinese travelers since the pandemic.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
That should elicit a sigh of relief for hoteliers, restaurateurs and other business owners across the continent who depend on big-spending foreign tourists. Before Chinese outbound tourism ground to a halt in 2020, it represented a particularly lucrative sector in Europe, with Chinese travelers coming in second to Americans in spending.
Article content
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Chinese tourists spent $251 billion abroad in 2024, according to UN tourism, surpassing pre-2020 levels. That makes China the largest market in terms of overall tourism spending, even if until recently most of this revenue was spent on trips within Asia.
Article content
But there’s a significant catch in ETC’s findings: Chinese tourists do not plan to spend like they used to. That’s notable, given the group’s previous propensity for luxury shopping. In fact, just 29% of respondents say they plan to spend more than €200 per day, a 44% drop compared to last summer, and a majority of Chinese travelers—54%—plan to limit their budgets between €100 to €200 a day.
Article content
Even still, at least 53% of Chinese respondents in ETC’s report indicate shopping will play at least some role on their trips, and budgets are more generous among business travelers, 36% of whom expect to spend more than €200 a day.
Article content
Article content
Overall, Chinese tourists are being tighter with their budgets than most of their global counterparts. The ETC’s survey queried 7,100 long-haul travelers from Australia, Brazil, Canada, China, Japan, South Korea and the US about their summer travel intentions—and results show that a total of 11% of travelers to Europe will be lowering their spending this summer. The overall ratio of travelers spending only €100 to €200 per day (40%) was lower than the Chinese traveler percentages.
Article content
The reality is that in a climate of economic uncertainty, few travelers are splurging—regardless of their origins. That’s echoed in data from the World Travel & Tourism Council showing that tourism growth is expected to slow sharply in 2025. Only a third of the ETC’s American respondents are planning trips to Europe this summer, which is 7% fewer than in 2024. And yet another three markets surveyed in the ETC report—Brazil, Canada and Japan—are on the decline, to a lesser degree. High travel costs and plans to vacation locally are the primary deterrents.
Article content
Eduardo Santander, chief executive officer of the ETC, sees reasons for optimism. “While recovery from China has been more gradual than other long-haul markets, momentum is clearly building,” he says. Building back business with these travelers, he adds, “remains a top priority for many European destinations.”
Article content
In other words, it’s a relief that Chinese travelers are coming at all.
Article content