China's Outbound Tourism Sector on the Rise

                                                                                         

Outbound travel has been growing rapidly in China for the past so many years. In the initial ten months of the year 2005, number of outbound trips made by Chinese citizens was 25.76 million. While it was 16.58 million in the first half of the year 2006, 7.5 percent above as compared to the same period last year (2005).

According to the World Tourism Organization prediction, by the year 2020, China shall become 4th largest source of outbound tourists in the world. Above, 100 million Chinese people travel abroad each year.

Chinese tourists are special not only for their number, but also for their lavish style of spending. As per Goldman Sachs, an investment banking & management firm, increased outbound travel by Chinese citizens and strong demand from China could together add to around US$355 Billion to its estimate of luxury goods medium term revenue growth of the industry.

RNCOS has recently published a report "China Tourism Industry: New Opportunities for Growth (2007)". According to this report, "By early 2006 a total of 115 countries allowed Chinese people to travel there in tour groups. Thus, further boosting outbound tourism in the country."

The report provides extensive research and objective analysis on the Tourism Sector in China. It helps the clients to analyze the opportunities critical to the growth of Tourism market in China. Detailed data and analysis will help clients to comprehend the rapidly changing dynamics of the industry.

Key issues and facts analyzed in this report

· Rising trends in the Tourism sector in China.
· Future prospect of the Tourism market in China.
· Key players in this sector.
· Opportunities in this sector.
· Challenges before the industry.
· Factors influencing the growth of the tourism industry in China.


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