2023: China's outbound tourism spending surpasses US, Germany, reaching $196.5 billion.

China's tourism industry is making a strong comeback, with Chinese tourists spending $196.5 billion abroad in 2023, ranking as the top spender on the international market. The outbound tourism expenditure surpassed the US at $150 billion and Germany at $112 billion. Meanwhile, China is also witnessing a resurgence in inbound tourism.