The number of Chinese visitors coming to the United States will more than triple by 2020, according to a new report from brokerage CLSA. The new wave will include the more travel-savvy Chinese tourist willing to bridge out from traditional vacation spots like Hong Kong and Macau.
More than 17% of experienced Chinese travellers ranked the US as their top vacation choice if money was no objection -- higher than any other destination. For first time travellers, the US is the second most popular vacation spot.
Shopping is at the top of the agenda for Chinese that visit the US, with 87% of visitors spending their money at retail outlets in 2012. CLSA said the Chinese spend an average of $4,400 per trip on everything from high-end hotels to cosmetics, making them the second-biggest spenders after visitors from India.