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Home » Articles » FINN/ILTM report: China’s women in charge

FINN/ILTM report: China’s women in charge

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54% of high-net-worth Chinese women plan to increase their leisure travel in the next three years, and over 60% intend to spend more on travel, including hotels and accommodations.

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“China’s Women in Charge” is the latest industry report released by global marketing agency FINN Partners in collaboration with ILTM Asia Pacific.

Access full report here. 

According to the UN World Tourism Organization, China regained its status as the top spender on international travel in 2023, with expenditures exceeding USD 195 billion, 23% higher than the US, which ranks second. Additionally, six out of ten Chinese tourists last year were women. High-net-worth Chinese females, with their growing economic power, are set to significantly influence the luxury travel market.

“Our study dispels the stereotype of wealthy Chinese women only shopping at designer stores or dining with their families when traveling. We found that affluent Chinese women now exhibit a new sense of empowerment,” says Joshua Wang, FINN Partners Associate Vice President of Brand & Market Intelligence. “Travel, once a display of conspicuous consumption, now symbolizes independence.”

Eager to shape the industry, 54% of high-net-worth Chinese women plan to increase their leisure travel in the next three years, and over 60% intend to spend more on travel, including hotels and accommodations. The comprehensive “China’s Women in Charge” report outlines five key insights into how Chinese women use their economic and social influence on the travel industry:

  1. Redefining Luxury
    Luxury is no longer about material possessions. The report shows that 63% of respondents view luxury as enjoying complete privacy or “me time,” while 50% associate it with experiences that bring joy.

  2. Travel to Enrich, not Escape
    For China’s female luxury tourists, travel is about more than escaping daily life. They see it as a chance to challenge themselves and acquire new skills. An overwhelming 99% believe travel brings profound joy, and over 99% consider it essential for expanding their horizons.

  3. The Need for Niche
    Nearly 90% of female travellers are drawn to niche destinations for their natural beauty and unique landscapes. 66% prefer unsung locations offering local experiences, and 58% are willing to explore culturally or historically significant places off the beaten path.

  4. Seeking Solo
    While multi-generational travel remains popular, solo travel is rising among female tourists, reflecting their independence. Over 80% of respondents feel comfortable traveling alone, with 73% of married women planning to increase solo travel in the coming years. Furthermore, 46% of mothers intend to travel without or less often with their children. To cater to solo travelers, 31% of women prefer female-specific accommodations.

  5. Rising Self-Influence
    Financial autonomy and the rise in solo travel have empowered women to take charge of their travel plans. 82% of women now feel their opinions matter more in travel decisions. While 60% are influenced by partners, fewer are swayed by celebrities (10%) or advertisements (9%). Older affluent women prefer travel advisors, whereas younger ones look to celebrities and influencers for inspiration.

Jenny Lo, FINN Partners Managing Partner for China, comments, “This study offers valuable insights into the shifting priorities, spending habits, and motivations of China’s affluent female travellers. As this demographic continues to transform the luxury travel sector, we hope this report will guide destinations, hospitality groups, and travel brands in meeting their evolving needs.”

The report also explores factors driving female travelers’ passion for travel, the importance of sustainability, and their expectations from hotel brands and services.

The full report can be downloaded from www.finnpartners.com/news-insights/chinas-women-in-charge/.

The “China’s Women in Charge” report is based on a survey conducted from April 26 to May 15, 2024, involving 800 high-value Chinese female travelers aged 25 and above, with 74% earning over USD 96,000 annually and 71% holding personal assets of at least USD 700,000. Respondents were from 12 Chinese cities with the highest GDPs in 2023, including Shanghai, Beijing, Guangzhou, and Shenzhen.

Source: ILTM/FINN Partners

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