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2025: The Year “The Chinese Shopper” Died. Why Travel Retail must stop asking: “Is China back?” and start asking: “Which China Are We Building For?” By: Subramania Bhatt
For most of 2025, global travel retail kept circling around the same question: “Is China back to 2019 levels?”
It sounds like strategy. It’s really nostalgia. Yes, volumes recovered, seats were filled. terminals got noisy again. On many dashboards, the story looked reassuring: traffic lines mostly pointing up, Chinese share of passenger mix climbing, familiar nationalities returning to familiar hubs.
But if 2019 is still your reference point, you’ve already missed the
China Trading Desk
Jan 218 min read


50% of Chinese tourists 'turn their backs' on Japan, Vietnam benefits.
South Korea, Vietnam, and Thailand are projected to be the three most popular destinations for Chinese tourists in 2026. Meanwhile, the number of these tourists to Japan is at risk of declining by nearly 50%.
China Trading Desk
Jan 163 min read


The era of Chinese tourists "splurge" on shopping is over.
China's outbound tourism industry quickly recovered from the Covid-19 pandemic, but the era of duty-free shopping sprees seems to be over.
China Trading Desk
Jan 163 min read


‘Structurally hurt’: why are Chinese tourists spending less overseas than before?
China’s outbound travel sector has bounced back from the pandemic, but the era of duty-free shopping sprees appears to be over.
China Trading Desk
Jan 164 min read


China’s outbound travel set to soar by 10 million trips in 2026 – but halve in Japan
China’s vast outbound travel market is set for further growth in 2026, boosted by the spread of visa-free policies for Chinese nationals and a stronger yuan. But visits to Japan could plummet by nearly 50 per cent amid a political dispute between Beijing and Tokyo, according to analysts and industry insiders.
China Trading Desk
Jan 133 min read


China Outbound in Q4 2025: The Shortlist Is Built Earlier — Conversion Is Won Later
Q4 2025 marks a shift from “rebound” to routine in China outbound travel—yet travellers still commit late, so competitive advantage moves upstream. Social content is now a conversion lever (65% say promos on Xiaohongshu/Douyin make them more likely to shop), while price comparison is near-universal (98%). Trust still closes the deal (75% value staff assistance), making “shortlist → checkout” the new battleground.
China Trading Desk
Jan 93 min read


China Trading Desk says closing conversion gap crucial to capturing Chinese outbound traveller spend
China Trading Desk (CTD) has released findings from its Q4 2025 China Outbound Travel Survey, showing that 64.4% of Chinese outbound travellers are likely or very likely to shop at the airport.
While the report confirms airport retail as mainstream behaviour, it also identifies a large, commercially decisive swing segment.
China Trading Desk
Jan 82 min read


China Trading Desk reveals 65% of Chinese travellers are driven by Xiaohongshu/Douyin promotions at airports
Social platforms play a significant role in shaping airport shopping intent. Airport shopping has become a mainstream part of the outbound travel journey for Chinese consumers, but converting interest into actual spend is increasingly an execution challenge rather than an awareness one, according to new research from China Trading Desk (CTD).
China Trading Desk
Jan 83 min read


Chinese Outbound Travel is Back, Just Not to Japan
Japan drops from #2 to #7 for Chinese travellers as warnings and cancelled flights bite. Meanwhile, Asia leads and booking windows get shorter.
China Trading Desk
Jan 74 min read
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