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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 | Jan 2014

IBISWorld’s Travel Agencies market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$55bn
Annual Growth 08-13
13.5%
Annual Growth 13-18
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Profit
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Employment
517,128
Businesses
35,804
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 2013, revenue for the Travel Agencies industry in China has increased at an annualized rate of 13.5%. ACMR-IBISWorld forecasts that growth will increase to 13.7% annually over the next five years, as the government is emphasizing the strategic importance of tourism. In 2018, industry revenue is projected to reach $104.0billion.

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 Key Buyers Chapter

The industry has a low level of concentration with revenue spread across a large number of enterprises. Revenue from the top four firms accounted for an estimated 7.4% of total industry revenue in 2013.

Most firms within the industry are privately owned, which is another reason for the low level of industry concentration. Many private owners have established small travel agencies with few employees and low operational costs.

ACMR-IBISWorld forecasts that industry concentration will increase steadily in the future as large players continue to expand in business scale and more mergers and acquisitions occur within the industry... 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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