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Chindia and its Prospects in the Global Tourism Economy - International - February 2015

Chindia and its Prospects in the Global Tourism Economy - International - February 2015

“By 2020, Asian travellers will represent nearly half of global tourism expenditure and two out of every five world travellers, according to WTTC. By this time, China and India are expected to be the world’s largest and third-largest economies respectively, with an estimated 3 billion people having the financial means to travel.”

- Jessica Kelly, Senior Tourism Analyst

This report looks at the following areas:

The current size of Chindia’s domestic, inbound and outbound tourism markets
Future growth predictions for Chindia’s outbound tourism market
The macro-economic and industry factors shaping dynamic growth in Chindia’s outbound market
An overview of how some NTOs are responding to the needs of Chindia’s tourists
The influence digital technology and government strategy is having on Chindia’s outbound market potential
A profile of the typical Chindia outbound traveller


INTRODUCTION
DATA SOURCES
OVERVIEW
CHINA
Population
Figure 1: Mid-year population in China, 1950-2050
China’s population is rapidly ageing
Figure 2: China’s demographic breakdown for mid-year population, 2010, 2030 & 2050
Economy
Figure 3: Economic indicators in China, 2008-14
The rise of the middle classes
Exchange rate
Figure 4: Exchange rates between the Renminbi (Yuan) & selected global currencies, 2009-13
INDIA
Population
Figure 5: Mid-year population in India, 1950-2050
India to remain a youthful country
Figure 6: India’s demographic breakdown for mid-year population, 2010, 2030 & 2050
Economy
Rise of the middle classes
Figure 7: Economic indicators in India, 2008-14
Exchange rate
Figure 8: Exchange rates between the Rupee & selected global currencies, 2009-13
THE GLOBAL TOURISM ECONOMY
Figure 9: Leading indicators of the global tourism economy, 2008-24
LEADERS IN GLOBAL TOURISM
Figure 10: Leading regions in the world tourism economy, 2000-13
CHINDIA’S POSITION IN THE GLOBAL TOURISM ECONOMY
Domestic travel
China
India
Figure 11: Chindia domestic tourism, 2008-14
Inbound travel
China
India
Figure 12: Chindia inbound tourism, 2008-14
Figure 13: Top 10 world tourism destinations by volume & value, 2013
CHINDIA’S OUTBOUND TOURISM
OUTBOUND MARKET BY VALUE
China
India
Figure 14: Top 10 world outbound tourism markets, 2013
OUTBOUND MARKET BY VOLUME
China
India
Figure 15: Chindia’s outbound tourism market, 2008-14
LONG-TERM OUTBOUND PREDICTIONS
Figure 16: Global outbound tourism by region of origin, 2010-30
China
India
CHINDIA’S OUTBOUND TOURISM FLOWS
ASIA PACIFIC
Asia captures majority of Chinese travellers
Indian travel in Asia
EUROPE
Chinese travellers aspire to travel in Europe
Indian travel in Europe
MIDDLE EAST
US
China
India
THE CHINDIA OUTBOUND TRAVELLER
THE CHINESE INTERNATIONAL TRAVELLER
Demographics
Seasonality
Expenditure
China’s economy is driving business travel
Travel organisation
THE INDIAN INTERNATIONAL TRAVELLER
Demographics
Seasonality
Expenditure
Indian business travel
Travel organisation
KEY INFLUENCES DRIVING TOURISM IN CHINDIA
TOURISM HAS MOVED UP THE POLITICAL AGENDA
China
India
OVERSEAS DESTINATIONS RETHINK VISA APPLICATIONS
China
India
TECHNOLOGY IS FUELLING GROWTH IN CHINDIA TOURISM
China
India
AVIATION DEVELOPMENT AND EXPANSION
China
India
Figure 17: Airline passengers travelling to, from & within Chindia, 2014 & 2034
WHAT NEXT?
INDEX TO TRAVEL & TOURISM ANALYST
Index grouped by geographic area
INDEX TO TTI DESTINATION REPORTS
Country reports
SPECIAL REPORTS INDEX
2003
2004
2005
2006

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