Industry Analysis & Industry Trends
Along with rapid development of China's tourism sector over the past five years, the Travel Agency industry in China has also expanded strongly.
From January 2010 to September 2010, the number of inbound tourists totaled 99.8 million person-times, up 6.2% compared with the same period of last year.
China has become the world's fourth most popular destination for international tourists and the most popular within Asia. In recent years, the rapidly growing tourism sector has provided a good market environment for tourism enterprises, including travel agencies. The number of establishments within the industry is expected to reach over 36,000 in 2010, with an annualized growth rate of 15.1% since 2005.... purchase to read more
Industry Report - Starting a New Business Chapter
Requirements to comply with central and provincial legislation and regulations are important legal barriers facing a new firm entering the industry. For example, establishments within the industry need to comply with the Circular of the National Tourism Administration and the Ministry of Foreign Trade and Economic Cooperation on Modifying Interim Measures for Trial Chinese-foreign Joint Ventures of Travel Agencies.
Some large domestic and international travel agencies, such as CITS and CYTS, have constantly expanded in size, built good reputations and brands names and established extensive distribution channels. Economies of scale advantages of these firms present another barrier to entry for potential establishments... purchase to read more