With the popularity of the internet and e-commerce, online tourism industry has witnessed significant growth and rapid development. Due to economic growth, the lifestyle and attitudes of people are changing, and their spending ability has also improved. Holiday packages being promoted by the tourism sites are highly accepted as part of a healthy and happy lifestyle. The online travel market has also grown significantly and registered growth on account of booming domestic tourism and improving technical infrastructure. The development of other technologies, such as 3G, map services, and mobile internet facility will further foster the growth momentum of the online travel market. All these shifting trend in the lifestyles of people endowed by the economic growth has enabled the service providers to offer new and improved services to their end-consumers.
Our new research report, “China Tourism Sector New Opportunities
”, reveals that the domestic and outbound tourism segments have grown, despite the economic slowdown and changing industry landscape. With a view to promoting tourism, the Chinese Government has also adopted various initiatives, including inking bilateral agreements with neighboring countries, granting approved destination status and easing VISA norms. Factors, such as booming tourism industry, broadening internet surfing platform, affordability, time saving advantages, and growing consumer awareness will continue to propel the market growth in the coming years.
The study presents information and statistics related to prominent market segments, such as inbound, outbound and domestic tourism, and analyzes the historic, current, and upcoming trends to provide balanced outlook on the industry. Incorporating a comprehensive research and cogent analysis of the Chinese tourism industry, the report provides segment-wise analysis to help clients understand how the market would shape up with the betterment of economic conditions. Interactions with various industry veterans, experts, and study and analysis of research papers, journals, and in-house developed models, assisted in anticipating the future growth. In this way, our research tries to depict an impartial picture of the Chinese tourism industry that will prove vital to the clients.
Most importantly, our report also presents industry forecast based on the correlation of past drivers, challenges, and opportunities for existing and proposed expansion of the industry. Overall, our report presents a complete and coherent analysis of the China Tourism Industry, which will facilitate the intending clients towards taking an informative decision.