China’s outbound tourism industry is poised for a remarkable ascent, fueled by the nation’s robust economic growth. This press release explores the key trends driving this exciting market expansion:
Economic Powerhouse, Travel Powerhouse: A Perfect Match
China’s economic strength is a major catalyst for outbound tourism growth. Rising disposable incomes are empowering millions of Chinese citizens to explore the world, creating a dynamic and lucrative market:
- Market Growth Potential: The outbound tourism industry in China is expected to reach a staggering USD 915.89 billion by 2034, reflecting a projected CAGR of 14.40%.
- From 2024 to 2034: Our industry experts predict a remarkable 3.82X increase in outbound tourism sales in China.
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Urbanization Fuels the Travel Bug
Urbanization in China plays a significant role in fostering a desire for travel. As cities grow, residents increasingly seek enriching experiences beyond their urban environments, driving demand for outbound tourism.
Mobility Matters: Easier Travel, More Travelers
Several factors are contributing to the ease of travel for Chinese citizens, further propelling the outbound tourism market:
- New Direct Flights: More direct flights are connecting China to international destinations, reducing travel time and opening up new possibilities.
- Streamlined Visa Procedures: Simplifying visa procedures makes international travel more accessible and appealing to a wider range of Chinese travelers.
Beyond the Tourist Trail: Seeking Authentic Experiences
Today’s Chinese travelers are seeking genuine cultural immersion on their journeys. Destinations like Australia, New Zealand, Africa, India, the United States, and Japan are attracting significant interest for offering unique local experiences.
Open Doors, Open Hearts: Southeast Asia Welcomes Chinese Tourists
Several Southeast Asian nations are actively courting Chinese tourists through innovative policies:
- Visa Simplification: Countries like Thailand, Malaysia, Sri Lanka, and Singapore are removing visa requirements or streamlining procedures to facilitate travel.
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A Bright Future for China’s Outbound Tourism Market
The future of China’s outbound tourism industry shines brightly. Driven by economic growth, rising disposable incomes, easier travel options, and a desire for authentic travel experiences, the market is positioned for continued exponential growth. As Chinese travelers explore the world in ever-increasing numbers, their impact on the global tourism landscape is sure to be significant.
“China outbound travel market to benefit from increasing disposable income, affordable travel abroad, and growing preference for clean and scenic location trips.” Says an FMI analyst.
Key Takeaways:
- By booking channel, the online booking segment is anticipated to hold a share of nearly ~80%.
- In terms of age group, demand in the youngsters in the age group 15-25 years and 26-35 years will continue gaining traction through 2032 due to increasing travel trends, enthusiasm to travel and rising income.
- Based on packages, China outbound travelers will continue to opt packaged deals over the normal travel deals.
- Rising trend of tourism on social media is expected to result in significant growth of China outbound travel market.
Who is winning?
Leading players in China outbound travel Market are focusing on strategic alliance with various local tour operators to diversify business service portfolio. Also market leaders are emphasising on advertisement and promotional activities to attract various tourist across the country.
The leading players in China outbound travel market
- Tuniu Corporation
- Intrepid Travel
- G Adventures
- TUI China
- China Highlights
- Exodus Travel
- The Dragon Trip
- World Expeditions
- On The Go Tours
- Contiki
- Sita World Tours
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Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the China Outbound travel Market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the China Outbound travel Market by Tourism Types (Business, Leisure, VFR & Others) Booking Channel (Phone Booking, Online Booking & In Person Booking) Tour Type (Independent Traveller, Package Traveller and Tour Group) Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 66-75 Years)- Forecast to 2017 – 2032
China Outbound travel Market by Category
By Purpose:
- Business
- Leisure
- VFR
- Others
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Tour Type:
- Independent Traveler
- Tour Group
- Package Traveller
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 56-65 Years
- 66-75 Years
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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