China Tourism Receipt Poised to Grow at a CAGR of 9%

Chinese tourism industry has been witnessing phenomenal growth rate on the back of increasing number of inbound travelers for the past few years. Growing importance of China as an economic hub and the presence of rich cultural heritage have attracted a large number of tourists from around the globe. According to our research report “China Tourism Industry Forecast to 2012” tourism receipt from tourism is projected to witness a significant CAGR of around 9% during 2010-2013. Rising confidence level of domestic as well as international tourists will result in increased spending on travel and tourism during the forecast period.

We have found that China is easing regulatory norms and strengthening international cooperation to boost the tourism sector. It is projected that China will lead the global recovery in business travel coupled with investment in the country by global companies. The country is also promoting tourist resorts and infrastructure developments to attract foreign travelers. Furthermore, steady rise in people's income level and improving salaried vacation system, the Chinese domestic tourism market has greatly benefited and recorded substantial hike in revenue generation.

Our team of researchers has found that the tourist inflow into China has maintained a healthy growth momentum, driven by favorable government policies and increasing number of countries signing Approved Destination Status (ADS) agreement with China. According to our research report, Japan and Russia collectively accounted for the maximum share of tourism arrivals in 2009 with more than 60% tourists coming from the Asia region due to low cultural barrier and geographical location.

“China Tourism Industry Forecast to 2012” provides significant information regarding China tourism industry by analyzing past and prevailing trends. The report studies inbound and outbound tourists by region, by purpose, by mode of transport, and by receipt. The report also provides domestic tourism industry by visitors and by expenditure. Our report also provides growth in hotel industry with prudent analysis of emerging industry trends. The report covers competitive landscape in Chinese tourism industry. Our report is an attempt to provide the best consultancy in the field of tourism industry in China.

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