Chinese arrivals to jump to 2M by 2020

Cambodian tourism authorities are formulating strategies to carve a larger share out of the Chinese outbound tourism market and have set a target of drawing over 700,000 Chinese visitors this year, and up to 2 million a year by 2020.

Rising incomes have transformed China into the world’s largest outbound tourism market, with more than 135 million Chinese expected to travel this year, according to Billy Ng, head of Asia gaming, lodging and leisure at Bank of America Merrill Lynch. Chinese tourists spent around $164 billion last year and despite signs of slowing economic growth are tipped to pump $264 billion into the global economy in 2019.

“We are not seeing a slowdown because of various factors like rising disposable income and the increase in middle-class households,” Ng told delegates of the 2015 Global Tourism Economy Forum in Macau last week.

read more: http://www.phnompenhpost.com/business