Tag: Horizon
More people are going abroad but they are spending less money on travel: Study
The 2018 Global Traveler Report reveals that despite record numbers of air travellers, up from 415 million in 2012 to a projected 808 million this year, the size of the travel retail market is slowly shrinking. Global travel retail spending has dropped by $15 billion from $397 billion in 2016 to a projected $382 billion this year. The average travelling consumer is now spending $491 per trip, almost $170 less than in 2012, says the report. Bucking the trends in almost every category is China. Between 2016 and 2018 Chinese travellers increased in outward bound traffic by a staggering 50 per cent ... Read more