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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Products Chapter

Domestic travel services

Domestic travel services are the largest segment in the industry, accounting for 90.7% of revenue in 2013. 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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