Synopsis
The
report provides detailed market analysis, information and insights, including:
·
Historic
and forecast tourist volumes covering the entire Chinese travel and tourism
sector
·
Detailed
analysis of tourist spending patterns in China
·
The
total, direct and indirect tourism output generated by each category within the
Chinese travel and tourism sector
·
Employment
and salary trends for various categories in the Chinese travel and tourism
sector, such as accommodation, sightseeing and entertainment, foodservice, transportation,
retail, and travel intermediaries
·
Detailed
market classification across each category, with analysis using similar metrics
·
Detailed
analysis of the airline, hotel, car rental and travel intermediaries
industries.
To Read The Complete Report with TOC :-
Executive
summary
After
the relatively slow growth of 7.8% in 2012, the lowest annual rate of expansion
since 1999, the economy is expected to stabilize with annual growth edging up
to an average of 8% over 2013–17. This reflects continued urbanization and
industrial upgrading. The economy is also expected to become more balanced,
assuming that the government’s policy measures, which include greater rural
social welfare, are successful in boosting domestic consumption.
Scope
This
report provides an extensive analysis related to the tourism demands and flows
in China:
·
It
details historical values for the Chinese tourism sector for 2008–2012, along
with forecast figures for 2013–2017
·
It
provides comprehensive analysis of the travel and tourism demand factors with
values for both the 2008–2012 review period and the 2013–2017 forecast period
·
The
report provides a detailed analysis and forecast of domestic, inbound and
outbound tourist flows in China.
·
It
provides employment and salary trends for various categories of the travel and
tourism sector
·
It
provides comprehensive analysis of the trends in airline, hotel, car rental and
travel intermediaries industries, with values for both the 2008–2012 review
period and the 2013–2017 forecast period
Reasons
to buy
·
Take
strategic business decisions using historic and forecast market data related to
the Chinese travel and tourism sector.
·
Understand
the demand-side dynamics within the Chinese travel and tourism sector, along
with key market trends and growth opportunities.
·
Identify
the spending patterns of domestic, inbound and outbound tourists by individual
categories.
·
Analyze
key employment and compensation data related to the travel and tourism sector
in China.
Key
highlights
·
After
the relatively slow growth of 7.8% in 2012, the lowest annual rate of expansion
since 1999, the economy is expected to stabilize with annual growth edging up
to an average of 8% in 2013–17. This reflects continued urbanization and
industrial upgrading. The economy is also expected to become more balanced,
assuming that the government’s policy measures, which include greater rural
social welfare, are successful in boosting domestic consumption.
·
Domestic
tourist volume increased from 958.8 million tourists in 2008 to 1.6 billion in
2012, at a CAGR of 14.02% during the review period. Over the forecast period,
trip volumes will increase at a CAGR of 13.83% to reach 3.1 billion by 2017.
The key growth drivers over the forecast period will be increased wealth and
leisure time, and an improved transport network. Over the forecast period,
domestic tourist expenditure is expected to increase at a CAGR of 26.17%, to
reach CNY7.8 trillion (US$1.2 trillion) by 2017.
·
China’s
tourism sector is dependent on domestic tourism due to the country’s strict
visa policy and group tour restrictions for traveling abroad. Domestic tourist
flows are very high as compared to inbound tourist volumes. In 2012, China
registered 1.6 billion domestic trips, while inbound trips were recorded at
59.4 million. China’s is the world’s largest domestic tourism market.
·
Inbound
spending increased across all categories except foodservice during the review
period, with the transportation category registering the largest growth at a
CAGR of 3.78%. Transportation accounted for the largest proportion of total
inbound tourist expenditure in 2012 with a 35.5% share. Over the forecast
period, the travel intermediaries category is expected to record the highest
CAGR of 7.82%, followed by retail with a CAGR of 4.70% and foodservice with
4.65%. The total inbound expenditure is expected to increase from CNY3.1
trillion (US$498.4 billion) in 2012 to CNY3.9 trillion (US$618.4 billion) in
2017. Economic improvement in the eurozone countries and favorable regulatory
changes will be the key growth drivers of inbound tourism.
·
Chinese
tourists are high spenders, and outbound tourism is also increasing, so
numerous countries are creating strategies to attract Chinese tourists.
Cambodia’s Ministry of Tourism, for example, has developed a five-year
strategic plan to attract at least 1.3 million Chinese visitors by 2018.
·
China’s
air traffic volume, both domestically and internationally, increased during the
review period. Passengers carried by Chinese as well as foreign airlines
reached 313.8 million in 2012, expanding at a CAGR of 12.90% during the review
period. Over the forecast period, the number of passengers carried is expected
to increase at a CAGR of 6.90% to reach 437.9 million. The total revenue is
also anticipated to increase from CNY333.9 billion (US$52.8 billion) in 2012 to
CNY515.0 billion (US$81.5 billion) in 2017. The growth is in line with the
increasing tourist volumes and air capacity.
·
Total
revenues generated by hotels in China increased at a CAGR of 14.89% during the
review period. Total revenues are expected to increase at a CAGR of 8.57% to
reach CNY480.4 billion (US$79.2 billion) by 2017, in line with a steady rise in
tourism volumes, rising disposable incomes, and accommodation available at
competitive prices. The highest numbers of inbound trips in 2012 came from Hong
Kong with 36.4 million and Macau with 10.6 million.
To Buy a Copy Of This Report:-
·
China’s
car rental market grew at a CAGR of 18.15% during the review period to reach a
value of CNY22.8 million (US$3.6 billion) in 2012. It is expected to reach
CNY47.3 billion (US$7.5 billion) by 2017, recording a CAGR of 15.87% over the
forecast period. Increases in international and domestic tourists, increase in
urbanization rates, the high costs of owning and driving a car, and new
government policies are curbing private car usage.
·
China’s
travel intermediaries market value is anticipated to increase at a CAGR of
17.12% over the forecast period to reach CNY726.3 billion (US$4.1 billion) in
2017. This increase will be driven by a rise in discretionary spending,
increased business travel, and rising efforts to promote the travel sector in
China internationally. The market share of online intermediaries is expected to
increase with growing internet penetration. The online travel channel’s share
of the travel intermediaries industry is expected to increase from 21.1% in
2012 to 36.4% in 2017. Consequently, the in-store channels market share is
anticipated to decline from 78.9% in 2012 to 63.6% in 2017.
Contact
M/s Sheela
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-997-4948
No comments:
Post a Comment