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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Analysis Chapter

Tourism relies heavily on the condition of the economy and the population's disposable income level. 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 from the Travel Agencies industry have increased.

Rising household disposable income levels enabled more Chinese people to afford tours within China and to visit foreign countries. As a result, domestic and outbound tourism experienced growth during the past five years. In late 2007, the United States and China signed an agreement to liberalize restrictions on Chinese tourists visiting the United States... 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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