China Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027

China Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027

Summary

Travel & Tourism in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsThe travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.The Chinese travel and tourism industry had total revenues of $1,130.6 billion in 2022, representing a compound annual growth rate (CAGR) of 2.2% between 2017 and 2022.Food service was the industry's largest segment in 2022, with total revenues of $653.3 billion, equivalent to 57.8% of the industry's overall value.Growing urbanization and economic development are increasing the average income of Chinese households, boosting individuals’ purchasing power. Economic growth is triggering the demand for leisure and business travel, driving industry growth.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in ChinaUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in ChinaLeading company profiles reveal details of key travel & tourism market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the China travel & tourism market with five year forecastsReasons to BuyWhat was the size of the China travel & tourism market by value in 2022?What will be the size of the China travel & tourism market in 2027?What factors are affecting the strength of competition in the China travel & tourism market?How has the market performed over the last five years?What are the main segments that make up China's travel & tourism market?