China’s wealthy are travelling less overseas but spending more while abroad, according to a new study. The findings were based on a survey of 100 Chinese individuals worth at least 10 million yuan ($1.6 million), conducted by Hurun Report and the International Luxury Travel Market (full report embedded below).

The study found that the respondents’ top overseas travel destination, France, remained unchanged from last year, as did their preferred hotel brand, Shangri-La. However, they went on just 2.8 trips overseas last year, down from 3.2 in 2011.

Top international destinations for Chinese rich:

RegionPopularity (by percentage)
France34
United States33.8
Singapore26.5
Switzerland23.1
UK22.2
Italy20.9
Australia19.4
Dubai17.1
Germany16.2
Maldives13.9
Japan13.5
Canada12.6
Korea12
Thailand11.1
New Zealand10.9

Source: Hunan Report Chinese Luxury Consumer Survey 2013

Chinese rich are traveling less in 2013, compared to 2012 and 2011:

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Full Hurun Report: The Chinese Luxury Traveler 2013: