China Outbound Tourism Market is increasing with CAGR of 20.3%

ROSWELL, Ga. - May 15, 2017 - PRLog -- China Outbound Tourism Market is more than USD 200 Billion in 2016, to achieve this growth it has grown with a CAGR of 20.3%. As there has been an increase of average income and a less restrictive tourism policy, Chinese people are able to travel within and outside of their homeland. China has risen rapidly as a new major source of outbound tourists in the world and has become an important tourist market. By 2022, the number of Chinese outbound tourists will be more than double from the current outbound tourists' number in 2016; signaling a revolutionary change and opportunity for the global travel industry.

Tourism Types: Holiday, Visit Friends and Relatives (VFR), Business (MICE) & Others

Holiday purpose visits are the most popular segment among all the other segments in Chinese outbound tourists. Holiday purpose segment is nearly five times bigger than its closest outbound tourism segment in 2016 and accounts for the maximum spending by the Chinese outbound tourists in this segment.

Countries Analysis: China Outbound Tourists Arrival

Hong Kong controls the highest share in 2016, and it is expected to maintain its lead position in future too. Japan, Thailand, South Korea, holds the position from 2^nd to 4^th (not in same chronological order) for China Outbound Tourism Market in 2016.

Countries Analysis: China Outbound Tourists Market

Hong Kong and United States holds the 1^st and 2^nd position in 2016. South Korea, Thailand and Japan control the position from 3^rd to 5^th (not in same chronological order). United States has the highest average spending.

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