Chinese Outbound Tourism Market is a fast growing source market for most of the destinations

China Outbound Tourism market to be more than US$ 200 Billion in 2016
China Outbound Tourism market to be more than US$ 200
Billion in 2016
Analyst View:
China Outbound Tourism market has crossed US$ 200 Billion mark in 2016 and will further
grow with a CAGR of 20.3% from 2017-2022.
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Renub Research says The Chinese Outbound Tourism Market is a fast growing source market
for most of the destinations; it is set to bloom in the coming future and leave its mark on a
wider range of destinations. The thriving pace of growth is expected to continue. With
increasing average income and a less restraining tourism policy, Chinese people are able to
travel within and outside of their homeland. China has grown rapidly as a major source of
outbound tourists and has become a key tourist market in the world in its Report China
Outbound Tourism market and Forecast. As per our analysis; China Outbound Tourism market
has crossed US$ 200 Billion mark in 2016 and will further grow with a CAGR of 20.3% from
2017-2022.
The report provides the in-depth study of the Chinese outbound tourism market and forecast;
segmented by Holiday/leisure, Visit Friends and Family (VFR), Business and others by visitors’
arrivals and spending. China outbound tourism market; Hong Kong holds the highest share in
terms of visitors and their expenses while visiting the country. While in terms of Chinese
outbound visitor receipt; United States stands at second place.
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China Outbound Tourism market to be more than US$ 200 Billion in 2016
China Approved Destination Status Countries
According to China's National Tourism Administration, it has granted 140 countries and regions
as approved destination status. Currently, Chinese citizens have a tremendous number of
destination choices as they have more than 140 destinations to choose where they want to visit.
Chinese Tourists- Nature of Spending
China continued to lead international outbound tourism not only in visiting countries but in
terms of expenses also. Gift giving is a common act in the world, and when it comes to Chinese
culture, they not only believe in the selection of gift item is important, but how much they
spend on it, how they wrap it, and how they present it are equally important. This nature of
Chinese visitors significantly influences the inbound receipt of the country where the Chinese
visits.
Millennials are desirable to endeavor the cultures which are different from them and eager to
explore the world, leading to structural upside in fun related experience based spending which
includes sports, travel, media and eating out. Around two-thirds of current outbound travelers
are millennials (15-35 years old).
The Report Studies the China Outbound Tourism Market on the basis of:
Top 10 Countries (2011 – 2022)
1. Australia
2. Canada
3. Japan
4. South Korea
5. New Zealand
6. Singapore
7. Taiwan
8. Thailand
9. United States
10. Hong Kong
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China Outbound Tourism market to be more than US$ 200 Billion in 2016
Tourism Types (2011 – 2022)
• Holiday Tourists Arrivals & Market
• Visit Friends and Relatives (VFR) Arrivals & Market
• Business (MICE) Arrivals & Market
• Others Arrivals & Market
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Table of Contents
1. Executive Summary
2. China Outbound Tourists, Tourists Share (%) & Forecast
3. China Outbound Tourists Market, Tourists Market Share (%) & Forecast
4. Countries (%): China Outbound Tourists Share & Forecast
5. Countries (%): China Outbound Tourists Market (Spending) Share
6. Tourism Types – China Outbound Tourists & Forecast
7. Tourism Types – China Outbound Tourists Market (Spending) & Forecast
8. Australia – China Outbound Tourists Visits, Market (Spending) & Forecast
9. Canada – China Outbound Tourists Visits, Market (Spending) & Forecast
10. Japan – China Outbound Tourists Visits, Market (Spending) & Forecast
11. South Korea – China Outbound Tourists Visits, Market (Spending) & Forecast
12. New Zealand – China Outbound Tourists Visits, Market (Spending) & Forecast
13. Singapore – China Outbound Tourists Visits, Market (Spending) & Forecast
14. Taiwan – China Outbound Tourists Visits, Market (Spending) & Forecast
15. Thailand – China Outbound Tourists Visits, Market (Spending) & Forecast
16. United States – China Outbound Tourists Visits, Market (Spending) & Forecast
17. Hong Kong – China Outbound Tourists Visits, Market (Spending) & Forecast
18. China Outbound Tourism: Growth Drivers
19. Challenges in China Outbound Tourism
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China Outbound Tourism market to be more than US$ 200 Billion in 2016
Travel & Tourism Market Report:
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