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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 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
$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 Investment Chapter

For every dollar spent on wages in this industry, about 16.4 cents are invested in capital. The industry requires a high level of labor inputs to meet customer needs. Given the service-based nature of the industry, almost all aspects of the industry involve a high degree of personal service relating to customers. In addition, many activities within the industry, such as administration and office services, are labor intensive. Although the industry is becoming more technologically driven, with computerized information, booking and reservation systems, as well as in areas such as ticket writing, itinerary preparation, commission income calculations and monthly cash settlements, the industry is still labor-intensive... 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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