Source Market Insights: China

2017-05-11
Price :
Published : May-2017
No. of Pages : 60

Source Market Insights: China

Summary

Chinese consumers fuelled a travel and tourism boom, which has grown over the historic period. However with over 130 million Chinese tourists making outbound trips in 2016, growth has slowed down considerably with just a 2.3% increase on the previous year.

Chinese tourists spent over US$189.3 billion in 2016, a slight drop of -1%. Although there were some significant setbacks last year in China’s stock market and currency, this did not greatly affect the growth of travel and tourism. GlobalData expects Chinese outbound trips to continue growing with potential to reach a forecast level of 212.8 million trips by 2021.

Scope

- Major hotel brands are capitalising on the growing outbound Chinese market with Sofitel leading the charge with a series of initiatives being introduced such as offering Chinese food dining options alongside a serious recruitment drive to enrol Mandarin speaking staff.
- Additionally the hotel chain has also began recruiting Chinese Guest Relations Officers across it’s largest hotel sites, who will be used to build relations with Chinese tour operators and travel agents.

Reasons to buy

Detailed market analysis, information, and insights, including –
- Historic and forecast tourist volumes and values covering China’s outbound tourism sector
- Detailed analysis of tourist spending patterns for various categories in the travel and tourism sector, such as purpose of spending and top source markets.
- Detailed analysis of the market trends in the Chinese outbound tourism sector.

Filed in: Travel & Tourism
Publisher : GlobalData
More Reports
Title Price Buy Now

Travel and Tourism Industry Business Outlook and Procurement Survey H1 2017

GlobalData's "Travel and Tourism Industry Business Outlook and Procurement Survey H1 2017", report examines executives' opinion on the business outlook and procurement activities over June-November 2017. Organizations can know about key business priorities, supplier price variations, changes in procurement expenditure, and supplier prices with the implementation status of e-procurement within the travel and tourism industry. Additionally, it provides information categorized by region and company type. Amid growing market uncertainty, and rising competition, organizations within the travel and tourism industry are planning to increase focus on improving operational efficiency and sustainability initiatives, expansion in the current market, and new product development. Mergers and acquisi......
$1950

Outbound Tourism Spending Habits in Top 10 Countries

Outbound Tourism Spending Habits in Top 10 Countries Summary The report "Outbound Tourism Spending Habits in Top 10 Countries" provides detailed information on the top 10 outbound tourism markets globally. This report analyzes market data and provides a better understanding of tourism flows and tourist expenditure. For instance, China is the largest outbound market with 130.9 Million trips in 2015, although more than one-third of these are to the countries in Greater China. Trips grew at a CAGR of 12% during the 2012-2016, thanks to increasing disposable incomes and a growing middle class population. South Korea's deployment of US- built Terminal High Altitude Area Defense (THAAD) missiles has led some Chinese tourists to select Vietnam as an alternative to South Korea. Chinese trips to......
$900

Inbound Tourism Spending Habits in Top 10 Countries

Inbound Tourism Spending Habits in Top 10 Countries Summary The report "Inbound Tourism Spending Habits in Top 10 Countries" provides detailed information on the top 10 inbound tourism markets globally. This report analyzes market data and provides a better understanding of tourism flows and tourist expenditure. For instance, France continued to be the number one inbound market in 2016. However, there has been a decline in the number of trips due to safety concerns, as the country faced multiple terror attacks over the past 18 months. Thailand was the fastest-growing inbound market, expanding at a CAGR of 9.89% during the period 2012-2016. Strong promotional efforts by the country's tourism authority and the growing expansion of LCCs in South East Asia propelled growth. The country regi......
$900

Upcoming Tourism Destinations in South America: Flows & Spending in Argentina, Brazil, Chile, Colombia and Peru

Upcoming Tourism Destinations in South America: Flows & Spending in Argentina, Brazil, Chile, Colombia and Peru Summary South American economies have great growth potential, although both Brazil and Argentina have struggled in recent years. However, Argentina's economic recovery is on its way and growth is projected for the coming years as the impact of recent reforms and changes in economic policy start to gain traction. Colombia has the most promising economy of all countries, with an average annual rate of 4% real GDP growth up to 2025. Colombia has the most promising economy of all countries, with an average annual rate of 4% real GDP growth up to 2025. However, current economic conditions in certain countries such as Brazil (recession) and Argentina (hyperinflation) are adversely a......
$900

Consumer Segmentation Model: Food Tourism

Consumer Segmentation Model: Food Tourism Summary ""Consumer Segmentation Model: Food Tourism"", report contains a consumer segmentation model regarding the food tourism market based on survey responses. Main objective is to understand the three different consumer segment groups based around food tourism. GlobalData has identified three different types of food tourists worldwide: Foodies, Adventurers, Traditionalists. What else does this report offer? - Detailed market analysis, information, and insights, including: - Historic and forecast tourist volumes and values covering Germany’s outbound tourism sector - Detailed analysis of tourist spending patterns for various categories in the travel and tourism sector, such as purpose of spending and top source markets. - Detail......
$900

GlobalData Travel and Tourism Survey 2017-2018

Majority of air travelers are traveling for business purposes rather than leisure. Online price comparison websites and airline websites are mostly preferred by travelers for booking air tickets, as these channels help them to save money by finding the best deals. Additionally, travel mobile apps are a great bonus for customers, as they are a kind of one-stop solution for booking air tickets. Competitive prices and last-minute gifts are prominent factors motivating travelers to purchase at airport retail stores. According to the survey, most of travelers prefer PC/Laptop and Smartphone via mobile app, respectively, when booking tickets for travel abroad in 2017. Due to continuous enhancements in technology, mobile users are receiving real time information about travel channels at anytim......
$1950

Consumer Trends: Hotels

Consumer Trends: Hotels Summary This report draws on the expertise of GlobalData's consumer panel of respondents to provide opinion and insight about the key drivers of booking trends & behaviors. This reports highlights hotel preferences amongst outbound tourists Comfort is the highest rated feature when choosing a hotel for a holiday, according to our survey results, with 92% of all respondents finding this factor either important or very important, followed by cost (91%). Good online customer reviews & ratings is also important at 78%, followed by brand perception/reputation with 63%, and a loyalty program (47%) What else does this report offer? - Detailed market analysis, information, and insights - Historic and forecast tourist volumes and values covering Germany's outbound touris......
$900

Consumer Trends: Niche Tourism

Consumer Trends: Niche Tourism Summary "Consumer Trends: Niche Tourism", report draws on the expertise of GlobalData's consumer panel of respondents to provide opinion and insight about the key drivers of booking trends & behaviors. This reports highlights niche tourism preferences amongst outbound tourists. Despite the popularity of food and health & wellness tourism, consumers still prefer to relax and go to the beach while on holiday. Relaxation (76%) , sun & beach holidays (65%), city breaks (60%) and cultural trips (57%) are the most picked options when it comes to reasons to book a holiday. Religious tourism is the least picked option with 22% of all respondents either somewhat likely or extremely likely to book a holiday for this purpose. The total number of international arriva......
$900

Consumer Trends: Airlines

Consumer Trends: Airlines Summary "Consumer Trends: Airlines", report draws on the expertise of GlobalData's consumer panel of respondents to provide opinion and insight about the key drivers of booking trends & behaviors. This reports highlights airlines preferences amongst outbound tourists. Cost is the highest rated factor when choosing an airline when going on holiday, followed by comfort and good online customer reviews & ratings. Across the continents, South & Central Americans are the most price-conscious consumers. The total number of international arrivals into the US dropped by 1.1% in 2016 to 76.6 million (77.5 million in 2015), mainly caused by the strong dollar which made it less attractive for foreigners to visit the country. The US saw less visitors from Europe, which wa......
$900

Global Vacation Rental Market 2017-2021

A vacation rental is an alternative lodging option, which involves the short-term rental of myriad properties, such as apartments, farm stays, private homes, cabins, beach houses, villas, cottages, or chalets to travelers and tourists. These dwelling units are offered on a nightly, weekly, or a monthly basis although the dominant practice in the market is renting it out weekly. They are also commonly referred to as holiday lettings, tourist rentals, bed and breakfast, homestays, and gites, among others. An essential attribute attached to a vacation rental is that it provides an authentic travel experience as they are commonly located within the community and provide the opportunity to take in the local flair and culture. The patterns and trends in the market have changed over time, and vac......
$3500