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Travel Agencies in China - Industry Market Research Report

Publisher IBISWorld
Published Apr 30, 2025
Length 38 Pages
SKU # IBSS20010190

Description

Travel Agencies in China

As China's economy has rapidly developed over the past five years, the tourism sector in China has also experienced strong growth. As more people have been travelling, demand for travel services has increased. Revenue for the Travel Agencies industry in China is expected to increase at an annualized 0.5% over the five years through 2023, to $112.8 billion. Industry revenue has increased due to rising demand over the four years through 2019. However, revenue is anticipated to have fallen by 9.0% in 2020 due to the COVID-19 outbreak. In 2023, industry revenue is expected to grow 4.1% to $112.8billion. ACMR-IBISWorld forecasts that revenue will increase by an annualized 3.5% over the five years through 2028, as the government helps the industry recover and emphasizes the strategic importance of tourism. Additionally, demand – initially restricted due to the COVID-19 pandemic – is also forecast to increase over the period. Industry revenue is projected to reach $134.0 billion in 2028.

Firms in the Travel Agencies industry mainly provide travel services for businesses, groups and individuals. These services include consultation, travel planning and proposals, scheduling, accommodation and transportation. These services are mainly provided by domestic travel agencies and international travel agencies based in China. This industry does not include tour guide services provided by operators at tour destinations, or agencies selling only air or rail tickets.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

38 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON

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