Along with the rapid development of China's economy, the tourism sector in China has experienced strong growth in recent years. As more people travel, demand for travel services increased. In the five years through 2014, revenue for the Travel Agencies industry in China has increased at an annualized rate of 14.0% to $62.5 billion. ACMR-IBISWorld forecasts that growth will increase by 9.2% annually over the next five years, as the government is emphasizing the strategic importance of tourism. In 2019, industry revenue is projected to reach $97.4 billion.
Firms in the Travel Agencies industry in China mainly provide travel services for businesses, groups and individuals. These services include consultation, travel planning and proposals, scheduling, accommodation and transportation. These services are primarily provided by domestic travel agencies and international travel agencies based in China. This industry does not include tour guide services provided by operators at the actual location, nor agencies selling only air or rail tickets.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.