According to research report titled “
China Outbound Tourism Market 2021 – 2026”, available with MarketStudyReport, China outbound tourism market is anticipated to witness a robust growth CAGR of 32% during the forecast period 2021- 2026.
According to the findings of the report, China outbound tourism market is anticipated to grow rapidly in the upcoming years due to increasing disposable income of middle-class population, liberalization of tourism policies, and rising government support.
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Further, increasing number of Chinese passport holders fueled by efforts undertaken by other countries to attract more Chinese tourists and talent are enhancing the industry outlook. For instance, the United States, in November 2014, started a 10-year mutual visa validity policy with China 4. This policy allows Chinese tourist a valid visa to travel to the USA with a validity of up to ten years.
Apart from this, report study contains a comprehensive analysis, market size and projection, trends, and obstacles, as well as a country analysis of around 26 countries.
The research employs data and analysis to analyze potential lucrative opportunities, existing and future trends in China's outbound tourism flow, spending, visit purpose, and major destination markets. Moreover, a complete breakdown of the historical and forecast data is presented in the
As per the report, China outbound tourism market size spans across Macau, Australia, Cambodia, Vietnam Dubai, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, Nepal, New Zealand, Philippines, Singapore, Spain, Sri Lanka, Taiwan, Thailand, United States, Turkey and United Kingdom.