Chinese Travel & Tourism Market Reviewed by the Travel & Tourism Intelligence Center in Topical Report Available at MarketPublishers.com18 Dec 2014 • by Natalie Aster
LONDON – China’s travel and tourism industry posted a marginal growth during 2009−2013, with domestic tourism being the key contributor of the sector. The volume of domestic tourist visits increased at a CAGR of around 10% from 1.01 billion as of 2009 to 1.45 billion by the end of the review period. International arrivals surged at an over 2% CAGR , with total inbound tourist spending posting a CAGR of more than 2% during 2009-2013. The number of tourists from Hong Kong surged at a CAGR of 1%, whilst visitor arrivals from Macao recorded a negative CAGR of -1%. International departures increased at around 20% CAGR, primarily due to increasing income levels and consumers’ spending power. However, during 2012-2013, China saw a decline of 3.5% in international tourist arrivals. Inbound visitor numbers were negatively impacted by a lengthy visa process, rising Yuan exchange rate, and the on-going air pollution problems.
The country’s hotel sector has been a witness to massive investments from international hotel operators. Rising numbers of domestic tourist travels and a hike in international arrivals have resulted in the increased demand for accommodation, thus attracting more and more operators to expand in China.
Topical study “Travel and Tourism in China to 2018” prepared by the Travel & Tourism Intelligence Center offers an exhaustive guide to the Chinese travel and tourism marketplace.
The report provides historic and forecast tourist volumes covering the country’s travel and tourism sector. It examines of tourist spending patterns in China for different market categories, like accommodation, entertainment and sightseeing, transportation, foodservice, retail and travel intermediaries; identifies and canvasses the key market trends for the next 4 years; offers granular market classification across categories, with a granular analysis with the help of similar metrics; as well as an all-round invesftigation of the car rental, hotel, airline, and travel intermediaries industries.
Travel and Tourism in China to 2018
Published: November, 2014
Price: US$ 1,950.00
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More topical reports by the publisher can be found at the Travel & Tourism Intelligence Center page.