According to the research report titled ‘China Outbound Tourism Market 2021 – 2026’, available with MarketStudyReport, China outbound tourism market is slated to witness a CAGR of 32% over the forecast period 2021-2026.
 

Factors such as emergence of the Chinese middle-class population, shifting ideologies of citizens, easing regulations on travel, simplification of visa policies, and availability of low-cost charter flights are primarily driving China outbound tourism market growth.
 

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/3244596/
 

The report elaborates on growth drivers, opportunities, and impediments that will affect industry expansion in the upcoming years. It also analyses relevant data and statistics to help define the present and future revenue trends in the business landscape.
 

Notably, China has emerged as one of the major forces in the global outbound tourism market. According to Statista, the number of outbound tourists from the nation reached nearly 155 million in 2019, marking a three factor increase from the year 2010. Meanwhile, approximately 145 million tourists from other countries visited China in 2019.
 

The study on China outbound tourism market mainly focuses on aspects such as the country’s outbound tourism flow, spending share, and major destination for tourists. It presents a detailed assessment of the volume of outbound tourists in the country and provides forecasts through 2027.
 

It also evaluates tourism flow in the country with respect to purpose of visits. Historical data and estimates are provided based on tourists travelling for purposes such as leisure, business, visiting friends & relatives (VFR), and other purposes.
 

On the regional front, the research literature for China outbound tourism industry makes use of a country focused analysis covering a total of 26 nations to explore the region’s outbound tourism.
 

The countries included in the report are the United States, Dubai, Canada, Hong Kong, Macau, Malaysia, Philippines, Vietnam, Thailand, Indonesia, Japan, Singapore, Korea, Cambodia, India, Taiwan, Spain, France, Italy, Germany, Turkey, Australia, the United Kingdom, Nepal, New Zealand, and Sri Lanka. A breakdown of historical records as well as forecast statistics is included to provide stakeholders with a holistic view of the regional market dynamics.