RNCOS in its new research report “China Tourism Industry Forecast to 2012” has said that outbound tourism in China has been witnessing phenomenal growth for last few years and is way ahead in comparison to inbound tourist arrivals. The total number of outbound travelers grew by close to 12% CAGR during 2004-2008 to touch the statistics of 45 Million visitors in 2008. Sustained economic growth, rising number of affluent people in total population and other parameters have been identified by our research as prime factors that transformed the outbound tourism industry in China.
We have found that domestic and inbound segments of the tourism industry have registered positive growth and the number of tourists in both the segments has risen at consistent rate. Our analysis includes the impact of recent economic turmoil and changing behavior of traveler on the performance of tourism industry.
Our study gives brief overview of the top most destinations for Chinese traveler in international market and analyzes them at the regional and country level. We also talk about purpose and expenditure made by Chinese visitors in foreign countries to help corporates operating in the tourism market to align their business strategies according to ongoing and future market trends.
The report also covers emerging trends in the tourism industry like medical tourism, MICE tourism, online travel services and liberal view of the government on Approved Destination Status (ADS) scheme. For the Chinese outbound travel market, ADS scheme is more important than any other parameters and it forms the desired platform for expansion of outbound travel services.
“China Tourism Industry Forecast to 2012” contains extensive research, statistical data and segment level analysis of the tourism industry. We have also focused on the hotel industry separately, with an objective of giving relevant information like revenue of hotel industry, number of star-rated hotels and number of rooms. Details provided in the report will help consultants, industry analysts and vendors to get in-depth knowledge about the current, past and future performance of the industry.
The report forecast is based on the correlation between past market trends, statistical analysis and industry drivers and gives a direction to clients in which the industry is likely to move.