China Tourism Report - Business Monitor International - Industry Reports

China Tourism Report

China Tourism Report - Business Monitor International - Industry Reports
China Tourism Report
Published Jul 23, 2016
48 pages — Published Jul 23, 2016
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Abstract:

Declines in key international source markets, including a potential downturn in many European markets from the UK s EU referendum results, will impact upon China s inbound travel market over the medium term. We have revised our forecasts this quarter to show a slow decline in arrivals to --.-mn in ----, though we note visitors from some key markets, such as South Korea, will continue to grow. ...Declines in key international source markets, including a potential downturn in many European markets from the UK s EU referendum results, will impact upon China s inbound travel market over the medium term. We have revised our forecasts this quarter to show a slow decline in arrivals to --.-mn in ----, though we note visitors from some key markets, such as South Korea, will continue to grow. ...Competing with Disneyland is the --- acre Nanchang Wanda Park, which opened in May ----. As well as planned investments in new airport infrastructure, China continues to broaden the reach of air travel with a number of new flight routes announced including those of China Eastern Airlines which launched three new routes to European destinations in June ---- and Air China which has expanded its range of flights to North America.

...China has a lot to offer as a global tourism destination. The country has a broad range of tourism attractions: as well as the renowned and often crowded Great Wall of China and Terracotta Warriors, the country is also home to lesser known beach holiday destinations such as Gulang Yu and the Beidaihe Scenic Area and numerous inland wildlife and sporting holiday destinations. ...China has a lot to offer as a global tourism destination. The country has a broad range of tourism attractions: as well as the renowned and often crowded Great Wall of China and Terracotta Warriors, the country is also home to lesser known beach holiday destinations such as Gulang Yu and the Beidaihe Scenic Area and numerous inland wildlife and sporting holiday destinations. The country is also home to major and popular city break destinations such as Shanghai. ...This is a reflection of years of restrictions on international travel which have only started to be relaxed in recent years. As such, there is significant potential for China s international tourism market to grow rapidly over the long term, though this growth is reliant upon stability in international relations and investment in supportive infrastructure.

...The long-term competitiveness of the tourism industry could be undermined by excessive state involvement, which may deter foreign direct investors. Underdeveloped infrastructure could limit opportunities for expansion of tourism, particularly in remote rural areas which are difficult to reach. ...The long-term competitiveness of the tourism industry could be undermined by excessive state involvement, which may deter foreign direct investors. Underdeveloped infrastructure could limit opportunities for expansion of tourism, particularly in remote rural areas which are difficult to reach. High hotel prices in cities such as Beijing and Shanghai can deter domestic and regional tourists. ...

  
Source:
Document ID
1747-8855
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "China Tourism Report" Jul 23, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/China-Tourism-Report-2026-148>
  
APA:
Business Monitor International - Industry Reports. (2016). China Tourism Report Jul 23, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/China-Tourism-Report-2026-148>
  
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