China Outbound Tourists Visit and Spending Report 2019 - Forecast to 2025 for the $365 Billion Industry
Sep 25, 2019, 16:30 ET
DUBLIN, Sept. 25, 2019 /PRNewswire/ -- The "China Outbound Tourists Visit and Spending (Top 12 Countries), Purpose of Visits & Spending (Holiday, Business, VFR & Others) - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
China outbound tourism market is expected to reach US$ 365 Billion by 2025
Tourism, especially outbound tourism, has become more and more popular among Chinese residents who increasingly emphasize high-quality services and better shopping experiences. The major factors driving the growth of the market include a rising affluent & middle-class population, liberal tourism policy such as Approved Destination Status (ADS), open door policy, other relaxed government agreements and increasing number of passport holders in the country.
The top five destinations (Hong Kong, Thailand, Japan, Vietnam, and South Korea) accounted for over 35% share of the total Chinese outbound tourists in 2018. The skyrocketing numbers of Chinese outbound tourism represent immense opportunities for revenue growth for destinations and travel and related brands outside of China. Many destinations and local businesses around the world are making great efforts to attract a larger share of China's outbound travelers.
For example, about 20 nations - including Mauritius, Morocco, and Tunisia - now offer visa waivers or landing visas as perks to Chinese travelers. Earlier in November 2014, the United States began a 10-year mutual visa validity policy with China. Recently, the Singapore Tourism Board, Changi Airport and Sentosa Development Corporation have launched a joint promotion campaign to attract more Chinese tourists.
Market Dynamics
Growth Drivers
- China's Approved Destination Status (ADS) Policy Propels Market Growth
- ADS Approved Countries
- Impact of ADS on Chinese Outbound Travel
- Growing Affluent and Middle-Class Population in China
- Chinas New National Tourism Strategy Set to Increase Outbound Tourism
- Opening of China's Outbound Travel Sector to Foreign Capitalized Tour Companies
Challenges
- Security and Language Concerns
- Chinese Outbound Tourists Concerns Before Departure
China Outbound Tourists Visit, Spending and Forecast - By Country
- Hong Kong captures the highest share of the total China outbound tourists, followed by Thailand and Japan.
- United States, Hong Kong, and Japan capture the highest share of the total China outbound tourists spending in 2018.
- In 2016, visitors from China made up 46.8% of tourists in South Korea.
- From the year 2016 onwards, the number of Chinese tourist visits to Taiwan is falling quickly.
- Japan's tourism boom stems from a relaxation of visa requirements, particularly for visitors from China.
China Outbound Tourists Visit & Spending - By Purpose
- A large proportion of Chinese tourists traveled abroad mainly for holiday purposes. This segment also accounted for the lion's share of the total Chinese outbound tourists spending.
- Visiting Friends and Relatives (VFR) is the second most popular purpose for Chinese to travel abroad followed by business travelers.
- Hong Kong is the most popular VFR and business destination for Chinese tourists.
- Thailand, Vietnam and the United States are the 2nd, 3rd and 4th most popular business destination for Chinese tourists.
- Japan and the United States captures the highest share of the total Chinese outbound holiday tourists spending in 2018.
- The United States captured the highest share of China outbound business tourists' spending.
- Hong Kong accounted for the maximum share of the Chinese outbound VFR tourists spending.
The report titled China Outbound Tourists Visit and Spending (Top 12 Countries), Purpose of Visits & Spending (Holiday, Business, VFR & Others) - Forecast to 2025 provides a comprehensive analysis of the China Outbound Tourism Market.
This 292 Page report with 265 Figures and 24 Tables has been analyzed from 10 View Points:
1) Global - China Outbound Tourists Visit and Forecast (2013 - 2025)
2) Global - China Outbound Tourists Spending and Forecast (2013 - 2025)
3) Global - China Outbound Tourists Visit Share, Spending Share and Forecast (2013 - 2025)
4) By Purpose - China Outbound Tourists Visit and Forecast (2013 - 2025)
5) By Purpose - China Outbound Tourists Spending and Forecast (2013 - 2025)
6) Top 12 Countries - China Outbound Tourists Visit and Forecast (2013 - 2025)
7) Top 12 Countries - China Outbound Tourists Purpose of Visit and Forecast (2013 - 2025)
8) Top 12 Countries - China Outbound Tourists Spending and Forecast (2013 - 2025)
9) Top 12 Countries - China Outbound Tourists Spending Types and Forecast (2013 - 2025)
10) China Outbound Tourism Market - Growth Drivers & Challenges
China Outbound Tourists Visit & Spending - By Purpose
- Holiday
- Business
- Visiting Friends & Relatives (VFR)
- Others
China Outbound Tourists Visit, Purpose of Visit, Spending & Spending Types - Top 12 Countries
1. United States
2. Canada
3. Australia
4. New Zealand
5. Japan
6. South Korea
7. Singapore
8. Thailand
9. Hong Kong
10. Taiwan
11. Malaysia
12. Vietnam
13. Others
For more information about this report visit https://www.researchandmarkets.com/r/esljkt
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
