Chinese Tourism Poised to Grow at 14% CAGR

According to our latest document "China Tourism Industry Outlook to 2012", tourist inflow in to China has maintained a healthy growth momentum, driven by favorable government policies & increasing number of countries signing Approved Location Status (ADS) agreement with China. Moreover, with ongoing promotional activities, infrastructural developments, & the government support, international tourist arrivals in China are expected to surge at a CAGR of 14% in the coursework of 2011-2013. Besides, China is branding & positioning its tourism industry at the global level to fuel growth in its tourism industry.

Our research has found that inbound tourism segments have witnessed positive growth, despite economic slowdown & changing industry landscape. The Chinese government has also taken various initiatives such as, bilateral agreements with neighboring countries, granting Approved Location Status, easing VISA norms, tourism promotion, branding & positioning of China as a tourism hub, cultural promotion, golden weeks etc. to boost the tourism industry.

Besides, the document provides detail analysis of present & future development in inbound & outbound tourism industry after analyzing the impact of recent economic turmoil & changing behavior of travelers on the performance of tourism industry. Our study provides brief overview of the top most destinations for Chinese travelers in international markets & analyzes them at both regional & country level. The document also discusses the purpose & expenditure made by Chinese visitors in foreign countries to help corporate operating in the tourism market to align their business strategies according to ongoing & future market trends.

"China Tourism Industry Forecast to 2012" incorporates an extensive research & rational analysis of the Chinese tourism industry. It provides segment level analysis of the industry along with future trends that may shape up with the betterment of economic conditions. The research will help consultants, industry analysts, & vendors to get an in-depth knowledge of the current, past, & future performance of the industry. The future outlook introduced in the document has been derived by interactions with various industry veterans, specialists, analyzing information from research papers, journals, & our in-house developed models.