October 21, 2021
According to the research report titled ‘China Outbound Tourism Market to GCC Countries and Forecast to 2026’, available with MarketStudyReport, China outbound tourism market to GCC countries is expected to generate USD 9 billion in revenues by the year 2026.
The 60-page report, endowed with 4 tables and 36 figures, entails a complete breakdown of the entire China outbound tourism market to GCC countries. It analyses the growth drivers and restraints that are pivotal in determining the future growth trajectory of the industry. Moreover, researchers also determine the overall size, scope, and revenue of the market, along with a six-year forecast.
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For the unversed, outbound tourism refers to the activities of residents of a particular nation travelling to and living in places outside their country of residence for not more than 12 consecutive months for business, leisure, and other purposes.
The study offers latest data that portrays the actual market situation and provides insights into the future outlook of this business vertical. It also includes empirical data for 2015–2019 and calculates the estimated CAGR over 2020-2026.
The report uses proven research methodologies on the available statistics to infer current & future trends in China’s outbound tourism flow, pinpoint potential opportunities, determine spending level, and highlight prominent destinations. It also elaborates on current & future tourism developments of the China outbound tourism market to GCC countries.
Furthermore, the study leverages a country-focused analysis to explore China’s outbound tourism to GCC countries. The analysis covers six major nations, namely Saudi Arabia, Oman, Kuwait, United Arab, Emirates (UAE), Bahrain, and Qatar.
The report concludes with a detailed market share assessment pertaining to each of the six listed countries, so as to help users in identifying lucrative investment areas in the coming years. Other crucial statistics such as visitation volume, and China outbound tourism spending across the individual geographical segments are also presented to provide a more holistic view of the industry.