In-depth Analysis of China’s Tourism Sector Is Available in Canadean’s Report Recently Added at MarketPublishers.com22 Aug 2016 • by Natalie Aster
LONDON – Low unemployment rate and continuously expanding economy continued to drive growth of outbound and domestic tourism in China in the past year. In 2015, the Chinese inbound tourism grew by 2.3% and totaled 56.9 million trips. The number of domestic trips reached 2.1 million, registering 9.9% YoY growth. Meanwhile, the number of international departures increased by 12%. This robust growth is largely attributed to favourable promotional campaigns carried out by the Chinese tourism board.
Arrivals from Japan, which is the key source market, followed a downward trend during 2013-2015 given the appreciation of the Chinese currency against Japan’s yen. Meanwhile, Chinese arrivals to Japan increased considerably (by nearly 114%) in the past year.
In the years ahead, the number of inbound trips is likely to grow at a 4.3% CAGR and reach 70.4 million in 2020. Outbound trips are anticipated to climb to 177.4 million.
Cutting-edge Canadean’s research study “Travel and Tourism in China to 2020” gives access to trustworthy data on the performance of the Chinese tourism industry. It examines the tourism flows, contains data on the major market segments, uncovers updated statistics, includes a granular analysis of tourist spending patterns for different categories (like retail, transportation, accommodation, sightseeing entertainment, travel intermediaries, etc.) and also gives an analysis of outbound and inbound trips by purpose and transport. Future forecasts for the Chinese tourism market through 2022 are provided in the report.
More cutting-edge reports by Canadean are available in this Market Publishers’ catalogue.