Hotels
Dubai’s Luxury Hoteliers Aim for Global Expansion
Today's podcast looks at Dubai's luxury promise, China's pent-up travel demand, and weaker tourism spending in the U.S.
Rashaad Jorden | 2 weeks ago
Outbound tourism from China has been a major force in the global tourism industry before the pandemic. In 2019, Chinese travelers made 155 million trips abroad and spent almost $255 billion, amounting to 14% of global tourism revenue. The number of total outbound trips from China is expected to surpass 200 million in 2023 and 365 million by 2030. This would mean a significant recovery and growth for the global tourism industry. Follow news about this below.