New Market Research Report: China Tourism Report Q3 2016

The outlook for China's tourism industry is very positive. As well as a huge domestic travel market, China is also attracting growing volumes of international visitors and extensive government investment in transport infrastructure means tourism is reaching the further reaches of the country, as well as established travel hubs. While there are some potential downside risks to our current forecasts, namely a sharper economic decline in the domestic economy along with regional political tensions, we continue to expect steady increases in tourism arrivals and tourism related expenditure between 2016 and 2020.

Key Updates And Forecasts

China continues to attract major investment into the hotel sector, both by expanding domestic hotel groups and international hotel operators which are developing popular Western brands and new market focused brands in the country. Spanish hotel company NH Hotel Group is one of the latest to enter the market, setting up new company Beijing NH Grand China Hotel Management in partnership with HNA Group with plans to open 120 to 150 hotels in China by 2020.

Full Report Details at
- http://www.fastmr.com/prod/1152803_china_tourism_report_q3_2016.aspx?afid=301

The number of international flight connections to China is expanding, making the country more accessible to the global travel market. Delta Air Lines announced in March 2016 it was applying for approval from the US and Chinese governments to launch a daily non-stop flight between Beijing and Los Angeles in late 2016, following the launch of a flight between Los Angeles and Shanghai in 2015. Meanwhile Air China is awaiting approval for a new flight connection between Shanghai and Mineta San Jose International Airport.

Developments such as these will support the growing volumes of international visitors travelling to China. We expect to see 27.2mn international tourism arrivals to China in 2016, increasing to just under 32mn in 2020. Upside risks include further relaxation of visa requirements and expansion of international travel connections.

The China Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's China Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Chinese tourism industry.

Key Benefits
Benchmark BMI's independent tourism industry forecasts for China to test other views - a key input for successful budgetary and planning in the Chinese tourism market.
Target business opportunities and risks in the Chinese tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in China.

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