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China Outbound Tourism Market Growth

China Outbound Tourism Market is projected to cross USD 500 Billion by the year 2024. Over the period of time, China has grown from nobody of the travel marketplace to the world’s most powerful outbound tourism market, surpassing United States. In 2017, Chinese travelers took more than four billion domestic trips and nearly 130 million overseas trips. According to the United Nations World Tourism Organization (UNWTO) Chinese residents has spent nearly USD 300 Billion on their trips to foreign countries. <br>For More Information: <br>https://www.renub.com/china-outbound-tourism-market-nd.php

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China Outbound Tourism Market Growth

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  1. China Outbound Tourism Market

  2. Report Description and Highlights Analyst View: As per Renub Research analysis China Outbound Tourism Market is projected to cross USD 500 Billion by the year 2024. Over the period of time, China has grown from nobody of the travel marketplace to the world’s most powerful outbound tourism market, surpassing United States. In 2017, Chinese travelers took more than four billion domestic trips and nearly 130 million overseas trips. Considering China’s population and its growth, it is predicted that in the near future; the number of Chinese residents traveling overseas is set to grow further.  China is among the world’s fastest growing markets and so when it comes to tourists spending, Chinese travelers hold the topmost position. According to the United Nations World Tourism Organization (UNWTO) Chinese residents has spent nearly USD 300 Billion on their trips to foreign countries. It is believed that Chinese tourists spending in foreign countries will further increase in the next couple of years due to the increasing number of millionaires in the region. Additionally, more than 70 percent of the Chinese tourists who are visiting foreign countries either travels with family or their friends; as a result, these groups are the world’s maximum overseas spenders per single trip. 

  3. China Outbound Tourism Market Over more than a decade of rapid development, the Chinese outbound tourism market is witnessing more Chinese travelers who are sophisticated, independent and eager to go out for a new experience while earlier Chinese travelers were inexperienced and stuck to the places which make them travel efficiently, i.e. Chinese tourists stuck to well-known sites only. But now, it is changing. Today, Chinese outbound tourists consider travel as an important way to improve their lifestyle, business and above all to experience authenticity and nature. Chinese outbound tourists are mostly independent and are eyeing to travel across the globe. With increasing disposal income, foreign travel has become one of the key indicators of quality of life for China’s growing affluent population with more and more Chinese visiting foreign countries for their vacations. No wonder to mention that tourist boards are tumbling over themselves to woo China’s massive army of travelers.  Read more here: https://www.renub.com/china-outbound-tourism-market-nd.php

  4. Forecast for China Outbound Tourists Share (%) Forecast for China Outbound Tourists Share (%), 2018 - 2024 Source: Renub Research Analysis Note: These are dummy figures; actual data given in the report

  5. China Outbound Tourism Market Summary China Outbound Tourism Market is maturing more rapidly because the intentions of Chinese travelers are changing from sightseeing to lifestyle experiences. Consequently, the easy harvest of low hanging fruit seems to have come to an end for many service providers and destinations. Market Summary •    Holiday segment has the highest market in China Outbound Tourism Market. Rest 3 segments covered in the report are Visit Friends and Relatives (VFR), Business (MICE) & Others (Education, Medical Treatment).•    Country-wise, Hong Kong, Taiwan and South Korea are most visited by Chinese tourists due to easy accessibility, affordability and culture similarity. •    United States is having the highest China Outbound Tourism Market.  The report provides the tourists market data on 10 countries Australia, Canada, Japan, South Korea, New Zealand, Singapore, Taiwan, Thailand, United States and Hong Kong. Want more Information about this market? Request a free sample copy: https://www.renub.com/contactus.php

  6. China Outbound Tourists Market, 2018 - 2024 China Outbound Tourists Market, 2018 - 2024 Source: Renub Research Analysis Note: These are dummy figures; actual data given in the report

  7. Key Topics Covered in China Outbound Tourism Market    Market Definition 2.    Research Methodology 3.    Executive Summary 4.    China Outbound Tourism 4.1    Tourists Numbers 4.2    Tourists Market 5.    Tourists Share – China Outbound Tourism 5.1    Countries 5.2    Tourism Types – Holiday, VFR, Business & Others5.3    By Countries – Tourism Type Share 6.    Market (Spending) Share – China Outbound Tourism 6.1    Countries 6.2    Tourism Types – Holiday, VFR, Business & Others6.3    By Countries – Tourism Types Market Share

  8. Key Topics Covered in China Outbound Tourism Market 7.    Tourism Types – China Outbound Tourists Numbers 7.1    Holiday 7.2    Visit Friends & Relatives (VFR)7.3    Business (MICE) 7.4    Others 8.    Tourism Types – China Outbound Tourist Market (Spending) 8.1    Holiday 8.2    Visit Friends & Relatives (VFR)8.3    Business (MICE) 8.4    Others 9.    Australia 9.1    China Outbound Tourists Visit 9.2    Tourism Types – China Outbound Tourists Visit to Australia9.3    China Outbound Tourists Market (Spending)9.4    Tourism Types – China Outbound Tourists Market (Spending) in Australia 10.    Canada 10.1    China Outbound Tourists Visit 10.2    Tourism Types – China Outbound Tourists Visit to Canada10.3    China Outbound Tourists Market (Spending)10.4    Tourism Types – China Outbound Tourists Market (Spending) in Canada

  9. Key Topics Covered in China Outbound Tourism Market 11.    Japan 11.1    China Outbound Tourists Visit11.2    Tourism Types – China Outbound Tourists Visit to Japan11.3    China Outbound Tourists Market (Spending) in Japan11.4    Tourism Types – China Outbound Tourists Market (Spending) in Japan 12.    South Korea 12.1    China Outbound Tourists Visit12.2    Tourism Types – China Outbound Tourists Visit to South Korea12.3    China Outbound Tourists Market (Spending)12.4    Tourism Types – China Outbound Tourists Market (Spending) in South Korea 13.    New Zealand 13.1    China Outbound Tourists Visit13.2    Tourism Type – China Outbound Tourists Visit to New Zealand13.3    China Outbound Tourists Market (Spending)13.4    Tourism Type – China Outbound Tourists Market (Spending) to New Zealand

  10. Key Topics Covered in China Outbound Tourism Market 14.    Singapore 14.1    China Outbound Tourists Visit14.2    Tourism Types – China Outbound Tourists Visit to Singapore14.3    China Outbound Tourists Market (Spending)14.4    Tourism Types – China Outbound Tourists Market (Spending) in Singapore 15.    Taiwan 15.1    China Outbound Tourists Visit15.2    Tourism Types – China Outbound Tourists Visit to Taiwan15.3    China Outbound Tourists Market (Spending)15.4    Tourism Types – China Outbound Tourists Market (Spending) in Taiwan 16.    Thailand 16.1    China Outbound Tourists Visit16.2    Tourism Types – China Outbound Tourists Visit to Thailand16.3    China Outbound Tourists Market (Spending)16.4    Tourism Types – China Outbound Tourists Market (Spending) in Thailand

  11. Key Topics Covered in China Outbound Tourism Market 17.    United States 17.1    China Outbound Tourists Visit17.2    Tourism Types – China Outbound Tourists Visit to United States17.3    China Outbound Tourists Market (Spending)17.4    Tourism Types – China Outbound Tourists Market (Spending) in United States 18.    Hong Kong 18.1    China Outbound Tourists Visit18.2    Tourism Types – China Outbound Tourists Visit to Hong Kong18.3    China Outbound Tourists Market (Spending)18.4    Tourism Types – China Outbound Tourists Market (Spending) in Hong Kong 19.    China Outbound Tourism: Growth Drivers 19.1    China’s Approved Destination Status (ADS) Policy Stimulate Chinese Travel Abroad19.2    GDP Growth Rate Development19.3    Growing Middle Class and Rich Class Population in China19.4    Strong Government Support19.5    New National Tourism Strategy of China will Augment Outbound Tourism19.6    Opening of China’s Outbound Travel Sector to Foreign Capitalized Tour Companies

  12. Key Topics Covered in China Outbound Tourism Market • 20.    Challenges in China Outbound Tourism • 20.1    Challenges Chinese Travelers Face (NEW)20.2    Restrictions and Changes20.3    Negative Influence:20.4    Chinese Outbound Tourists Concerns Before Departure  • Browse Related Report : • India Outbound Tourism Market • Online Travel Market • Contact Us • Tel: +1-678-302-0700 (US), +91-120-421-9822 (INDIA) • Email: info@renub.com

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