The air pollution in China will be difficult to reverse, thereby negatively affecting the tourism sector, Says the New Study on ASDReports
The brand new Industry Forecast Report now available on ASDReports, provides readers with detailed market analysis, information and insights, including historic and forecast tourist volumes covering the entire Chinese travel and tourism sector. This report also gives the reader access to analysis of tourist spending patterns in China for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail and travel intermediaries.
The difference:
- The Sky’s the limit: With a comprehensive breakdown and thorough analysis of the airline, hotel, car rental, and travel intermediaries industries
- • A trip to remember: Provides user confidence to make the correct business decisions based on a detailed analysis of the Chinese travel and tourism market trends for the coming four years.
- • Globe-hopping Insights: With a report that provides unique access to market classification across each category, with analysis using similar metrics
Report Highlights
China’s Travel and Tourism sector recorded a marginal growth during the historic period (2009−2013). Domestic tourism is the major contributor of the sector, increasing from 1.01 billion in 2009, to 1.45 billion in 2013. Government initiatives focusing on domestic tourism, infrastructure development, and promotional campaigns in key source countries such as Hong Kong, Macao, and the US are the major drivers for tourism growth. However, international arrivals in China recorded a decline of 3.5%, from 57.7 million in 2012, to record only 55.7 million in 2013. Inbound tourist numbers were adversely affected by ongoing pollution problems and a lengthy visa process. Growth in domestic tourist volumes posted a compound annual growth rate (CAGR) of under 10%, with expenditure rising at a CAGR of 32%. International arrivals increased at a CAGR of over 2%, with total inbound tourist expenditure rising at a CAGR of over 2% during the historic period. The number of visitors from Hong Kong, the key source country for China, increased at a CAGR of 1.%, while tourist arrivals from Macao posted a CAGR of -1%. International departures increased at a CAGR of over 19%, mainly due to rising income levels and the increasing spending power of consumers.
The Travel and Tourism intelligence center (TTIC) expects the growth of China’s tourism sector to continue to grow over the forecast period (to 2018), with international arrivals
The Chinese hotel market has witnessed significant investment growth from international hotel operators. Rising domestic tourist volumes and the increase in international arrivals have led to a rise in demand for accommodation, consequently attracting operators to expand in China. For example, Starwood and InterContinental Hotels together have more than 250 hotels in development, and Hilton alone has plans to open and operate 135 new hotels.