Spending by Chinese tourists in Portugal rises 195.7 pct from January to November 2013

28 January 2014

Spending by Chinese tourists in Portugal rose by 20.35 million euros or 195.7 percent from January to November 2013, according to provisional figures from the Bank of Portugal cited by tourism sector publication PressTUR.

In the first 11 months of 2013, according to the figures, spending by Chinese tourists in Portugal totalled 30.6 million euros, which was an increase of 167.7 percent or 19.17 million euros more than in the whole of 2012.

Despite this growth China accounted for just 0.4 percent of tourism revenues in the period (0.1 percent in 2012).

The figures from the Bank of Portugal do not give details of what the money is spent on and therefore do not give an idea of their influence on the hotel and travel agency segments, for example.

In the case of Chinese tourists there is the perception within the market that this year’s rise is related to the golden visa programme, which according to the government attracted 327 people, with the Chinese making up the biggest number of those, ahead of Russians and Brazilians.

The golden visa programme has mainly attracted people from outside the European Union to buy houses in Portugal. According to the government by November 2013 the programme had attracted total investment of 203 million euros. (macauhub)