Number Chinese tourists travelling overseas will triple by 2023

The number of annual outbound Chinese tourists visiting coastal U.S. cities such as New York, Los Angeles and San Francisco will triple during the next decade, and their spending will quadruple, InterContinental Hotels Group (IHG) predicted.

Almost 1.2 million Chinese tourists will visit New York in 2023, up from about 395,000 in 2013, according to IHG. During the same time period, Los Angeles’ annual tourism arrivals from China will jump to about 1.1 million from 392,000, while San Francisco’s will surge to more than 700,000 from about 250,000.

A new global study by InterContinental Hotels Group (IHG) in partnership with Oxford Economics found the number of Chinese households earning more than $US35,000 ($45,970) – considered a threshold for being able to afford overseas travel – will nearly triple to 63 million by 2023.

Hong Kong has approved a third runway for its airport. Other chinese and asian cities will expand or build new airports.

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