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Four Asian countries account for 20 per cent of global travel spending

Four Asian countries account for nearly 20 per cent of global travel spending.

A new study by Mastercard has revealed that residents in China, South Korea, Japan and Taiwan are responsible for 18 per cent of the global spend on travel and leisure, which is up from 11 per cent on the previous decade.

The report looks at the total number of international overnight visitor arrivals in 2018 in the world's top 200 cities, with other countries featuring on the list including the United States, Germany and the United Kingdom. France, Canada and Russia also feature in the top 10 of the list.

Meanwhile, China itself went from seventh place back in 2009 to second place this year, now accounting for nine per cent of arrivals. South Korea accounts for 3.4 per cent whilst Taiwan is for 2.3 per cent. Despite falling two places in the last decade, Japan accounts for 3.1 per cent of travellers.

When it comes to spending, China came out on top at 9.6 per cent, whilst the United States followed swiftly behind at 9.2 per cent.

Rupert Naylor, Mastercard's senior vice president of data and services for Asia Pacific, said: "What's most fascinating for us from an Asia Pacific perspective is the fact that, not only has this region's spend contribution to global travel expenditure nearly doubled in the last decade, but we've barely scratched the surface in terms of percentages of the populations that are traveling overseas."

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