Chinese Travel & Tourism Industry Trends Discussed by Timetric in Insightful Report Published at MarketPublishers.com04 Sep 2013 • by Natalie Aster
LONDON – China ranks as the largest domestic tourism market worldwide. Domestic tourist volume grew from 958.8 million tourists in 2008 to exceed 1.59 billion in 2012, recording a CARG of just over 14% during 2008-2012. Trip volumes in China are predicted to expand at a CAGR of just over 13.8% and surpass the 3.09 billion mark by 2017. Domestic tourist expenditure in the country is forecast to climb to USD 1.2 trillion by 2017, posting a CAGR of about 26.8% during 2013-2017.
The total revenues of the Chinese hotels are poised to register an 8.57% CAGR over 2013-2017 and go beyond USD 79.19 billion by 2017. The growth is likely to be supported by constantly increasing tourism volumes, rising disposable incomes and the growing availability of accommodation at competitive prices.
Insightful research report “Travel and Tourism in China to 2017” worked out by Timetric provides in-depth insights into the Chinese travel and tourism market.
The report offers a comprehensive guide to the Chinese travel and tourism industry and grants access to a high-quality information on the domestic industry performance. It discloses accurate data on tourist volumes in the country, both historic and forecast; examines tourist spending patterns; uncovers details about the total, direct and indirect tourist output by each industry sector; and presents a detailed analysis and forecast of domestic, inbound and outbound tourist flows in China. The research study characterizes the employment and salary trends; contains extensive analysis of the airline, hotel, car rental and travel intermediaries industries; and also examines the travel and tourism demand factors.
Travel and Tourism in China to 2017
Published: July, 2013
Price: US$ 1,950.00
Other In-Demand Travel & Tourism Industry Reports by Timetric Include:
- Travel and Tourism in Denmark to 2017
- Travel and Tourism in Belgium to 2017
- Travel and Tourism in Austria to 2017
- Travel and Tourism in Vietnam to 2017
- Travel and Tourism in Sweden to 2017
- Travel and Tourism in France to 2017
More in-demand market research reports by the publisher can be found at Timetric page.