Inbound Tourism Driving the Tourism Industry in China

According to our recent market research report, “China Tourism Industry Forecast to 2012”, Tourism Industry in China has been witnessing tremendous growth on the back of continuous economic development and favorable policy framework. These developments have resulted in the increase of number of inbound tourists. Exceptional economic growth during the last two decades has also contributed towards the success of the tourism industry. The country was ranked as the third most popular tourist destination after France and the US in 2010.

The research also identified that number of tourists to China from the Asian countries are likely to increase in the coming years on the back of increase in bilateral corporation and low cultural barriers. Key countries with maximum influx of tourist arrivals in China include Honk Kong, Macau, Taiwan, Japan, South Korea, and Malaysia. It is projected that, Japan and Taiwan will witness significant growth in the number of tourists visiting China in near future.

Further, our report reveals that China is one of the world’s largest domestic tourism markets. This can be substantiated by the fact, that nearly 2.1 Billion domestic travelers generated total revenue worth CNY 1,250 Billion (US$ 187.5 Billion) in 2010. Further, the outbound travel market is also undergoing phenomenal transformation in the country.

The report incorporates an extensive research and rational analysis of the tourism industry in China. It provides segment-level analysis of the industry along with future trends that may shape up with the betterment of economic conditions. It has also included the detailed analysis of the hotel industry in the country. The research will facilitate consultants, industry analysts, and vendors to obtain an in-depth knowledge of the current, past, and future performance of the industry.

Source - sbwire