Overview

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 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 2016, revenue for the Travel Agencies industry in China has increased at an annualized rate of 10.8% to $73.7 billion. ACMR-IBISWorld forecasts that growth will increase by 6.7% annually over the next five years, as the government is emphasizing the strategic importance of tourism. In 2021, industry revenue is projected to reach $102.1 billion.

China has become the world's fourth most popular destination for international tourists and the most popular within Asia...

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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. Thi..

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Additional Insights for the Travel Agencies Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Travel Agencies Industry are

  • Access to the latest available and most efficient technology
  • Proximity to key markets
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Household Disposable Income and Tourism - Visitor Nights: Total in the Travel Agencies industry impact industry performance..

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    Industry Products

    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 services
    International travel agency services
    Industry Activities
    International travel services
    Domestic travel services
    Tourist guide service

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Household Disposable Income
  • Tourism - Visitor Nights: Total
  • Leisure and Recreational Activity - Tourism
  • Natural - Ecological & Disasters
  • Political Stability

  • Current Performance
  • Industry performance
  • Exports and imports
  • Enterprises and wages
  • Profitability
  • Improved facilities and management
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Enterprises and wages
  • Large potential international market
  • Table: Travel Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Travel Agencies Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Oil & Petroleum Refining
  • Households

  • Key Selling Industries
  • Airlines
  • Amusement Parks
  • Fast-Food Restaurants
  • Full-Service Restaurants
  • Hotels
  • Motels
  • Passenger Rail Transport
  • Road Transportation of Passengers

  • Products & Services
  • Domestic travel agency services
  • International travel agency services
  • Chart: Travel Agencies Industry Products and Services Segmentation

  • Demand Determinants
  • Economic conditions
  • Consumer trends
  • Holidays in China
  • China's tourism sector
  • Domestic events

  • Major Markets
  • Domestic tourists
  • International tourists
  • Chart: Major Market Segmentation for the Travel Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases and rent
  • Wages
  • Sales
  • Administrative expenses
  • Depreciation
  • Chart: Cost Structure Benchmarking – Sector vs Travel Agencies

  • Basis of Competition
  • Prices
  • Services
  • Location
  • Brand
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Travel Agencies Industry

  • Industry Globalization
    Major Companies
    CITS Group CorporationChina CYTS Tours Holding Co., Ltd.HNA Tourism GroupBeijing Tourism GroupShanghai Jinjiang International Travel Co., Ltd.
  • Table: CITS Group Corporation - financial performance
  • Table: China CYTS Tours Holding Co., Ltd. - financial performance
  • Table: HNA Tourism Group - financial performance
  • Table: Beijing Tourism Group - financial performance
  • Table: Shanghai Jinjiang International Travel Co., Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Travel Agencies Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Travel Agencies Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Total Assets (2007-2021)
  • Person-times of Domestic Travel (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Domestic Tourists
  • Chinese people traveling within China.
  • Inbound Tourists
  • Foreign people traveling to China for a short period of time.
  • Outbound Tourists
  • Chinese people traveling to foreign countries for a short period of time.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Travel Agencies:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Travel Agencies market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Travel Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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