+24 China Travel Market References

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China Travel Market. The total revenue generated by the travel and tourism industry in china amounted to around 6.6 trillion yuan as of 2019, indicating a firm growth over. The global online travel market size was valued at $354.2 billion in 2020, and is estimated to reach $1,835.6 billion by 2031, registering a cagr of 14.8% from 2022 to 2031.

Night market in Beijing ChinaTravel MarketsMarket
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The percentage of chinese citizens above the age of 55 doubled between 1990 and 2020, growing from 12 to 24 percent. Department of commerce’s national travel and tourism office (ntto), data showed the number of travelers from china fell about 6% in 2018 to 2.99 million and fell another 5% in 2019 to 2.83 million. China is already the world’s largest outbound travel market, and is set to grow further.

Night market in Beijing ChinaTravel MarketsMarket

Tourism destinations have increasingly adopted “cloud tourism” to effectively promote their attractions and engage potential tourists, which has significantly contributed to. In addition, china’s global share of outbound travel, which was only 1% in 2005, will now be. Nationwide, hotels were on average only half full. Traditionally, hundreds of millions of people make the annual pilgrimage back home to visit family during the weeklong holiday.