(MENAFN- America News Hour) China outbound tourism market is set to surpass US$ 270 Billion threshold by 2025.
'China Outbound Tourism Market 2019 – 2025' provides a comprehensive analysis on the actual market situation and future outlook for China outbound tourism market. The report uses data and analysis to discuss potential lucrative opportunities, current and future trends related to China outbound tourism flow, spending, the purpose of visits and main destination markets.
The report provides clear insight into current and future tourism developments of the China outbound tourism market . Furthermore, this report uses a country-focused analysis to explore China outbound tourism market. A detailed country-wise analysis of the market is provided, covering a total of 26 nations. Drivers and the restraints are studied in detail to better understand the market and to understand the future growth scope of the market.
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The countries included in this report are United States, Canada, Dubai, Hong Kong, Macau, Philippines, Thailand, Vietnam, Malaysia, Indonesia, Japan, Singapore, Cambodia, Korea, Taiwan, India, Spain, France, Germany, Italy, Turkey, United Kingdom, Australia, New Zealand, Nepal and Sri Lanka
Key Findings:
• China's outbound tourism flourishing is anticipated to remain the major force in the global travel market
• China to generate more than 160 Million outbound tourists by 2020
• China is the largest source market for Southeast Asian countries
• Chinese visitors spend more in the US than visitors from any other nation
• China is one of the fastest growing outbound MICE tourism markets
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The China Outbound Tourism Market report analyses the Market size, volume and growth rate based on the recent developments in the industry at a global scale.
This exhaustive study covers an overview of various aspects of the Market including geographical outlook, recent Market trends and growth opportunities during the forecast period. Along with this, an in-depth analysis of each section of the report is also provided in the report that consist of the strategies adopted by the key players, challenges and threats as well as advancements in the industry.
In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of China Outbound Tourism Market over the period 2016-2026.
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In U.S., the GDP per capital was valued at USD 62,606 in 2018 as compared to USD 59,895 marked in 2017, observed a growth of 4.53% in 2018 over previous year. Rise in GDP per capital has intensified the growth of this China Outbound Tourism Market in the country.
The business intelligence report also covers the challenges which may impact the growth of this China Outbound Tourism Market in the long-run. Several prevailing trends have been analysed in this report which have strengthened the growth of Market all across the globe.
This China Outbound Tourism Market study is definitely going to be useful and can be utilized as a valuable source of assistance for the investors, manufacturers related to the product, suppliers, distributors, investment banks, management consulting companies, regulatory and government bodies, research organizations, and forums.
The report offers detailed and accurate assessment of the Market and takes into consideration various aspects of the industry including the Market revenue, production, product prices and consumption analysis, company profiling, growth drivers and restraints through primary and secondary research methodologies.
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