The total contribution of the Travel and Tourism sector in China to the nation's GDP stood at 11% in 2017, which is more than that of the world which stands at 10.4% in 2017. The Tourism industry in China is growing steadily, both domestically and internationally owing to the many driving factors, such as the growing population in the middle-class segment and rising disposable income of people, the initiatives and support from the government to promote the tourism sector, growing investments, good transport infrastructure, etc. The strong growth in the domestic and inbound tourism leads to the growth in the hotel industry in China. Any adverse changes in political and economic consequences may hinder the growth of the market.
The strong growth in the middle-class population is one of the significant factors that drives the Tourism and Hotel Industry in China. China's middle-Class population is multiplying and is expected to burst in the future according to many estimates. The Middle-Class population of China is expected to reach 780 million by 2022 from the present 430 million. The increasing middle-class population and the change in the consumer behavior are leading to a rise in the leisure spending, thereby resulting in the growth of the tourism and hotel industry.
With the tourism in China booming, the hotel industry is also growing at a steady pace and witnessing growth in the occupancy rates. The growing investments and the mergers and acquisitions are expected to augment the growth of the hotel industry in China further. The establishment of boutique hotels that offer a unique experience and focusing on lifestyle is gaining momentum in the recent times. Also, the wellness tourism is gaining attention in China. The revenue per available room increased by 5.6% in 2017, when compared to that of 2016. The Chinese hotel industry has a huge pipeline for the hotel projects with ~2500 projects.
The hoteliers are adopting new strategies and concepts to gain a strong position in the market. Moreover, the hotels in the high-end segment are moving to the development of three and four star hotels in order to strengthen their market position.
China is the largest source of outbound tourism in the world. With an expenditure of USD 258 billion for abroad traveling in 2017, China stood as the biggest spender in the world. The factors driving the growth of outbound tourism are rising incomes, changing behavior of people, as they are focusing more on well-being and happiness, and fewer visa restrictions. Additionally, many countries are changing policies to attract the Chinese tourists. As of January 2018, 67 countries or regions allows the Chinese citizens with ordinary passports to enter without visa or with a visa on arrival (VOA). According to experts, six more countries and regions have allowed Chinese citizens without a visa or with a VOA which include Barbados, the Federation of Saint Kitts and Nevis, Serbia, Tunisia, Qatar, and Gabon in 2017.
In 2017, the number of the Chinese outbound trips increased by 5.7% from 122 million in 2016 to 129 million. Among the destinations, Thailand and Japan remained as the top destinations for the Chinese travelers in 2017, with 9.8 million tourists to Thailand and 7 million tourists to Japan from the Chinese mainland. Moreover, the number of citizens with passports are comparatively lesser in China. According to estimates, only 1 out of 10 holds a passport in China, when compared 4 out of 10 in the United States. This represents the huge potential for the growth of outbound tourism in China.
Metrics |
Details |
Industry |
China Tourism and Hotel Industry |
Study Period |
(2014 - 2023) |
Market Size in 2017 |
Provided in the full Report |
Market Size in 2023 |
Over USD 1.6 trillion |
Growth Rate |
Provided in the full Report |
Largest Market Share |
Domestic Tourism accounts for more than 80% of the Tourism revenue |
Key Developments |
|
Companies Covered |
Ctrip, Tunia Corporation, elong, Qunar, LY.COM, Alitrip, Emei Shan Tourism, Huangshan Tourism Development, Shanghai Jin Jiang International Hotels Development, Huazhu Hotels Group Ltd, Hna-caissa Travel Group |
Report Offerings |
Latest trends in the Tourism and Hotel Industry in China, growth prospects, industry competitiveness, major players, value/supply chain, regional market share and forecast to 2023. |
China Tourism and Hotel Industry Report Customization and Benefits
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
1. INTRODUCTION
1.1 Scope of the Market
1.2 Market Definition
1.3 Executive Summary
2. RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases
3. CHINA TOURISM AND HOTEL INDUSTRY INSIGHTS
3.1 Current Market Scenario
3.2 Government Regulations and Initiatives
3.3 Insights on Impact of E-commerce on the Market
3.4 Insights on Payment Methods used for Ticket Bookings
3.5 Insights on Key Seasons
3.6 Technological Trends
3.7 Insights on Wellness Tourism and Forest Tourism
3.8 Insights on Online Travel Agents in China
4. CHINA TOURISM AND HOTEL INDUSTRY DYNAMICS - (DRIVERS, RESTRAINTS, OPPORTUNITIES)
4.1 Proliferating Middle-class Population and Rising Disposable Income
4.2 Presence of Large Amount of Population and Developing Economy
4.3 Changing Consumer Behavior Towards Health and Well-being
4.4 Growing Rural Tourism and Government Support Towards its Development Presents an Opportunity*
*Not Exhaustive
5. CHINA TOURISM AND HOTEL INDUSTRY SEGMENTATION AND ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)
5.1 By Nature of Tourism
5.1.1 Domestic
5.1.2 International
5.2 By Hotel Type
5.2.1 High-end
5.2.2 Mid Scale
5.2.3 Budget
6. CHINA TOURISM AND HOTEL INDUSTRY REGIONAL ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)
6.1 Beijing
6.2 Shanghai
6.3 Guangzhou
6.4 Tianjin
6.5 Chongqing
6.6 Others
7. CHINA TOURISM AND HOTEL INDUSTRY COMPETITVE LANDSCAPE
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Concentration Overview
7.3 Strategies Adopted by Major Players
8. CHINA TOURISM AND HOTEL INDUSTRY COMPANIES (OVERVIEW, FINANCIALS**, PRODUCTS AND SERVICES, RECENT DEVELOPMENTS, AND ANALYST VIEW)
8.1 Ctrip
8.2 Tunia Corporation
8.3 elong
8.4 Qunar
8.5 LY.COM
8.6 Alitrip
8.7 Emei Shan Tourism
8.8 Huangshan Tourism Development
8.9 Shanghai Jin Jiang International Hotels Development
8.10 Huazhu Hotels Group Ltd
8.11 Hna-caissa Travel Group
8.12 Jin Jiang International
8.13 Homeinns Hotel Group
8.14 Marriott International
8.15 Starwood Hotels and Resorts Worldwide
8.16 Accor Hotels
8.17 Intercontinental Hotels Group
8.18 Booking.com*
*List not Exhaustive
9. APPENDIX
9.1 Insights on Capital Flows
9.2 Economic Statistics – Travel and Tourism Sector Contribution to Economy
9.3 Insights on the Key Performance Indicators (Employment in Tourism and Hotel Industries)
9.4 Insights on Per Capita Spending of Domestic Tourists, International Tourists
10. DISCLAIMER
**Subject to availability on public domain