Travel & Tourism in China
Summary
Travel & Tourism in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Chinese travel & tourism industry recorded revenues of $466.3 billion in 2023, representing a negative compound annual growth rate (CAGR) of 3.0% between 2018 and 2023.
- The hotels & motels segment accounted for the industry's largest proportion in 2023, with total revenues of $168.8 billion, equivalent to 36.2% of the industry's overall value.
- In 2023, the industry experienced a significant value increase, recovering from recent declines, primarily driven by increasing capital investment, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in China reached $304.3 billion in 2023, reflecting a 12.4% increase from 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in China
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China travel & tourism market with five year forecasts
- What was the size of the China travel & tourism market by value in 2023?
- What will be the size of the China travel & tourism market in 2028?
- What factors are affecting the strength of competition in the China travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up China's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strategies of the leading players?
- 7.3. What are the recent developments in the industry?
- 8 Company Profiles
- 8.1. Shanghai Jin Jiang International Hotels Co Ltd
- 8.2. China Southern Airlines Co Ltd
- 8.3. Yum China Holdings Inc
- 8.4. Tongcheng Travel Holdings Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: China travel & tourism industry value: $ million, 2018-23
- Table 2: China travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: China travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: China travel & tourism industry geography segmentation: $ million, 2023
- Table 5: China travel & tourism industry value forecast: $ million, 2023-28
- Table 6: Shanghai Jin Jiang International Hotels Co Ltd: Key Facts
- Table 7: Shanghai Jin Jiang International Hotels Co Ltd: Annual Financial Ratios
- Table 8: Shanghai Jin Jiang International Hotels Co Ltd: Key Employees
- Table 9: China Southern Airlines Co Ltd: Key Facts
- Table 10: China Southern Airlines Co Ltd: Annual Financial Ratios
- Table 11: China Southern Airlines Co Ltd: Key Employees
- Table 12: Yum China Holdings Inc: Key Facts
- Table 13: Yum China Holdings Inc: Annual Financial Ratios
- Table 14: Yum China Holdings Inc: Key Employees
- Table 15: Tongcheng Travel Holdings Ltd: Key Facts
- Table 16: Tongcheng Travel Holdings Ltd: Annual Financial Ratios
- Table 17: Tongcheng Travel Holdings Ltd: Key Employees
- Table 18: China Size of Population (million), 2019-23
- Table 19: China Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 20: China GDP (Current Prices, $ Billion), 2019-23
- Table 21: China Inflation, 2019-23
- Table 22: China Consumer Price Index (Absolute), 2019-23
- Table 23: China Exchange Rate, 2018-23
- List of Figures
- Figure 1: China travel & tourism industry value: $ million, 2018-23
- Figure 2: China travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: China travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: China travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in China, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in China, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in China, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in China, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in China, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in China, 2023
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