China Outbound Tourism Market is more than USD 200 Billion in 2016 | Renub Research

China Outbound Tourism Market is more than USD 200 Billion in 2016, to achieve this growth it has grown with a CAGR of 20.3%. As there has been an increase of average income and a less restrictive tourism policy, Chinese people are able to travel within and outside of their homeland. China has risen rapidly as a new major source of outbound tourists in the world and has become an important tourist market. By 2022, the number of Chinese outbound tourists will be more than double from the current outbound tourists’ number in 2016; signaling a revolutionary change and opportunity for the global travel industry.

Tourism Types: Holiday, Visit Friends and Relatives (VFR), Business (MICE) & Others
Holiday purpose visits are the most popular segment among all the other segments in Chinese outbound tourists. Holiday purpose segment is nearly five times bigger than its closest outbound tourism segment in 2016 and accounts for the maximum spending by the Chinese outbound tourists in this segment.

Countries Analysis: China Outbound Tourists Arrival
Hong Kong controls the highest share in 2016, and it is expected to maintain its lead position in future too. Japan, Thailand, South Korea, holds the position from 2nd to 4th (not in same chronological order) for China Outbound Tourism Market in 2016.

Countries Analysis: China Outbound Tourists Market
Hong Kong and United States holds the 1st and 2nd position in 2016. South Korea, Thailand and Japan control the position from 3rd to 5th (not in same chronological order). United States has the highest average spending.

Download full Report: http://www.renub.com/china-outbound-tourism-market-outbound-tourists-visits-tourists-market-spending-and-forecast-1085-p.php

Contact Us

Rajat Gupta
Business Development Manager
Email: info@renub.com
Phone: +1-678-302-0700 (USA), +91-120-421-9822 (India)
Web: http://www.renub.com

Renub Research is a leading Market Research and Information Analysis Company with centers at Noida India and Roswell USA. We have long-term experience especially in international Business-to-Business Researches, Surveys, Business and Consulting. Throughout the years we have acquired expertise in most market sectors, including Information Technology (IT), Telecoms, Life Sciences, Medical & Pharmaceuticals, Financial Services (Banking, Insurance, Reinsurance, M&A, etc.), Energy, Chemicals, Automotive, Retail, FMCG, Consumer Goods, Logistics, Governmental, Social, and Others.

Our core team is comprised of an experienced people holding graduate, post graduate and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research help make the business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

225 Kristie Ln, Roswell, GA 30076, United States

This release was published on openPR.