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CEOWORLD magazine - Latest - Education and Career - 10 Countries That Spend The Most Money On International Tourism, 2014

Education and Career

10 Countries That Spend The Most Money On International Tourism, 2014

It’s no surprise that China, the Asian powerhouse, has topped the list of the top 10 countries whose travellers spend the most on international tourism for the year 2014, according to the 22015 United Nations World Tourism Organization (UNWTO) report.

Tourism is obviously a huge moneymaker for countries that are top international tourism destinations based on foreign tourist arrivals, but some tourists spend more than others.

Which country spends the most money on travel?

Chinese travellers spent a record US$ 164.9 billion abroad in 2014, currently generates some 13% of global tourism spending. With 8.9% of the market share, the 2nd largest spenders were Americans, spent $110.8 billion while traveling abroad last year.

Meanwhile, Germany, the third biggest spender on international tourism, reported a modest 1% increase in expenditure to US$ 92 billion.

Interestingly, the gap in expenditure between top spender China, and second largest spender the U.S., widened to US$ 54 billion.

See the top 10 tourism spenders in the chart below.

top 10 countries whose travellers spend the most on international tourism

1. China (US$ 164.9 billion)

2. United States (US$ 110.85 billion)

3. Germany (US$ 92.2 billion)

4. United Kingdom (US$ 57.6 billion)

5. Russian Federation(US$ 50.4 billion)

6. France (US$ 47.8 billion)

7. Canada (US$ 33.8 billion)
 
8. Italy (US$ 28.8 billion)

9. Australia (US$ 26.3 billion)

10. Brazil (US$ 25.6 billion)


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CEOWORLD magazine - Latest - Education and Career - 10 Countries That Spend The Most Money On International Tourism, 2014
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.


Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.