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    China Outbound Tourism Market is expected to cross USD 500 Billion by the year 2024
    05 Feb, 2019

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    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 Outbound Tourism Market is projected to cross USD 500 Billion by the year 2024

    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. Though Chinese tourists choose to be economical on lodging, food, and transportation but they become lavish when it comes to shopping.

     

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    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.

    forecast-for-chinese-outbound-tourists-share-by-purpose-percent-2018-2024

    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. For instance: In order to attract Chinese travelers VisitBritain’s GREAT China Welcome promotional campaign was launched in 2014 to urge travel & tour industry players like hotels, travel agencies, travel-oriented retailers and other related industries to make themselves ready for the Chinese visitors by providing information in Mandarin or Cantonese and offer products & services based on Chinese tradition and market.

     

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    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. Today, Chinese travelers become more mature, more specific and more segmented, placing China on the top of the World’s Outbound Tourism Market.

    china-outbound-tourism-market-outbound-tourists-visits-tourists

    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.

     

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    Key Topics Covered : 

    1.    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 & Others
    5.3    By Countries – Tourism Type Share

    6.    Market (Spending) Share – China Outbound Tourism

    6.1    Countries
    6.2    Tourism Types – Holiday, VFR, Business & Others
    6.3    By Countries – Tourism Types Market Share

    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 Australia
    9.3    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 Canada
    10.3    China Outbound Tourists Market (Spending)
    10.4    Tourism Types – China Outbound Tourists Market (Spending) in Canada

    11.    Japan

    11.1    China Outbound Tourists Visit
    11.2    Tourism Types – China Outbound Tourists Visit to Japan
    11.3    China Outbound Tourists Market (Spending) in Japan
    11.4    Tourism Types – China Outbound Tourists Market (Spending) in Japan

    12.    South Korea

    12.1    China Outbound Tourists Visit
    12.2    Tourism Types – China Outbound Tourists Visit to South Korea
    12.3    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 Visit
    13.2    Tourism Type – China Outbound Tourists Visit to New Zealand
    13.3    China Outbound Tourists Market (Spending)
    13.4    Tourism Type – China Outbound Tourists Market (Spending) to New Zealand

    14.    Singapore

    14.1    China Outbound Tourists Visit
    14.2    Tourism Types – China Outbound Tourists Visit to Singapore
    14.3    China Outbound Tourists Market (Spending)
    14.4    Tourism Types – China Outbound Tourists Market (Spending) in Singapore

    15.    Taiwan

    15.1    China Outbound Tourists Visit
    15.2    Tourism Types – China Outbound Tourists Visit to Taiwan
    15.3    China Outbound Tourists Market (Spending)
    15.4    Tourism Types – China Outbound Tourists Market (Spending) in Taiwan

    16.    Thailand

    16.1    China Outbound Tourists Visit
    16.2    Tourism Types – China Outbound Tourists Visit to Thailand
    16.3    China Outbound Tourists Market (Spending)
    16.4    Tourism Types – China Outbound Tourists Market (Spending) in Thailand

    17.    United States

    17.1    China Outbound Tourists Visit
    17.2    Tourism Types – China Outbound Tourists Visit to United States
    17.3    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 Visit
    18.2    Tourism Types – China Outbound Tourists Visit to Hong Kong
    18.3    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 Abroad
    19.2    GDP Growth Rate Development
    19.3    Growing Middle Class and Rich Class Population in China
    19.4    Strong Government Support
    19.5    New National Tourism Strategy of China will Augment Outbound Tourism
    19.6    Opening of China’s Outbound Travel Sector to Foreign Capitalized Tour Companies

    20.    Challenges in China Outbound Tourism

    20.1    Challenges Chinese Travelers Face (NEW)
    20.2    Restrictions and Changes
    20.3    Negative Influence:
    20.4    Chinese Outbound Tourists Concerns Before Departure 

     

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