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Travel Agencies in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Travel Agencies Market Research Report | Feb 2015

IBISWorld’s Travel Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$63bn
Annual Growth 09-14
14.0%
Annual Growth 14-19
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Profit
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Employment
545,161
Businesses
37,683
Industry Analysis & Industry Trends

Along with the rapid development of China's economy, the tourism sector in China has experienced strong growth in recent years. As more people travel, demand for travel services increased. In the five years through 2014, revenue for the Travel Agencies industry in China has increased at an annualized rate of 14.0% to $62.5 billion. ACMR-IBISWorld forecasts that growth will increase by 9.2% annually over the next five years, as the government is emphasizing the strategic importance of tourism. In 2019, industry revenue is projected to reach $97.4 billion.

China has become the world's fourth most popular destination for international tourists and the most popular within Asia.... purchase to read more

Industry Report - Industry Products Chapter

Domestic travel services

Domestic travel services are the largest segment in the industry, accounting for 90.7% of revenue in 2014. Domestic travel agencies are only allowed to provide domestic tour services for local residents and their registered capital must be no less than RMB 300,000 ($44,000).

The share of this segment has increased since 2001 due to China's rapid economic development and the tourism sector's growth during these years. Demand for domestic travel increases as disposable income of domestic residents increases... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Travel Agencies Industry?

Firms in the Travel Agencies industry in China mainly provide travel services for businesses, groups and individuals. These services include consultation, travel planning and proposals, scheduling, accommodation and transportation. These services are primarily provided by domestic travel agencies and international travel agencies based in China. This industry does not include tour guide services provided by operators at the actual location, nor agencies selling only air or rail tickets.

Industry Products
Domestic travel agency servicesInternational travel agency services
 
Industry Activities
International travel servicesDomestic travel servicesTourist guide service


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