As cited by the research report titled ‘China Outbound Tourism Market 2019 - 2025’, available with MarketStudyReport, China outbound tourism market is estimated to exceed a valuation of USD 270 billion over the study duration 2019-2025.
 

Increasing population and rising disposable incomes are the primary factors driving the growth of China outbound tourism market growth. The research report emphasizes on such major growth propellers and limitations, while providing additional insights to other expansion opportunities that are swaying the industry’s profitability graph over the forecast timeline. It also presents a detailed analysis of the present and upcoming trends of this domain and estimation of the market size over the analysis timeframe.
 

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Notably, China is becoming one of the major forces in 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 2010 levels. Meanwhile, approximately 145 million tourists from other countries visited China in 2019.
 

Furthermore, the research literature offers insights into the various market segmentations, with each segment individually examined with a focus on the lucrative areas of the industry domain.
 

A comprehensive country-wise evaluation of the market is also entailed, covering around 26 nations. Prominent countries studied in the report include Canada, the United States, Dubai, Macau, Hong Kong, Philippines, Vietnam, Thailand, Malaysia, Japan, Indonesia, Singapore, Cambodia, Taiwan, Korea, India, Spain, Germany, France, United Kingdom, Italy, Turkey, New Zealand, Australia, Nepal, and Sri Lanka.
 

The market report involves a thorough profile analysis of the leading companies, as well as a detailed description of their strategies, to give stakeholders a clear understanding of the steps they can take to strengthen their market position.
 

The competitive landscape section also aggregates data on key companies' product portfolios, as well as their applications and specifications, and recommends various tactics to help stakeholders cut costs, establish contingency plans, and generate huge profits.