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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 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
$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 - Starting a New Business Chapter

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

 


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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