China Tourism and Hospitality Market: Segmentation by Type (Outbound Tourism and Inbound Tourism) and by Product (Chain Hotels and Independent Hotels), Forecast to 2026

0

NEW YORK, August 1, 2022 /PRNewswire/ — The Tourism and hospitality market China is segmented into two categories based on the type (outbound tourism and inbound tourism) and product (chain hotels and independent hotels). Market share is expected to grow by $24.23 billion from 2021 to 2026, and the growth momentum of the market accelerate at CAGR of 11.81%

Technavio has announced its latest market research report titled Tourism and Hotel Market in China Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

For more information on market overview and dynamic analysis, Read a sample report

Parent Market Analysis

Technavio categorizes the global tourism and hospitality market into China within the Global Consumer Discretionary Market within the Global Consumer Discretionary Market. The external factors influencing the growth potential of the parent market in the coming years have been thoroughly studied in our research analysis, to learn more about China tourism and hospitality market growth levels throughout of the forecast period.

Tourism and hospitality market China Value chain analysis

Understanding the end-to-end value chain is critical in profit margin optimization and business strategy evaluation. The data available in our value chain analytics segment can help vendors reduce costs and improve customer services over the forecast period.

The value chain of the tourism and hospitality market in China consists of the following essential components:

  • Submissions

  • Inbound Logistics

  • Operations

  • External logistics

  • Marketing and Sales

  • Service

To unlock information on supplier travel costs and customer service, Purchase a sample report.

Supplier Information

The tourism and hospitality market China is fragmented, and vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the most of the opportunity, sellers in the market should focus more on the growth prospects of the fast-growing segment while maintaining their positions in the slow-growing segments.

We provide a detailed analysis of vendors operating in the tourism and hospitality market in Chinaincluding some providers such as Beijing Zhiyuan International Travel Agency Co. Ltd., Emei Shan Tourism Co. Ltd., Expedia Group Inc., Guangdong International Hotel Management Holdings Ltd., Huangshan Tourism Development Co. Ltd., Huazhu Group Ltd., InterContinental Hotels Group PLC, Intrepid Group Pty Ltd., Jin Jiang International Holdings Co. Ltd.

Product information and news

  • Expedia Group Inc.- the company offers various travel and advertising services. Various brands in this segment include Hotels.com, Vrbo, Orbitz, Travelocity and others.

  • Huangshan Tourism Development Co. Ltd.- the company operates 6 hotels in the mountain, namely Beihai Hotel, Xihai Hotel, Baiyun Hotel, Shilin Hotel, Paiyunlou Hotel and Yupinglou Hotel.

  • Huazhu Group Ltd.- The Company offers hotel services through its hotel brands such as Joya Hotel, Flower houseand Steigenberger Hotels and Resorts.

  • Jin Jiang International Holdings Co. Ltd.- The The company provides quality transportation solutions to politicians, business travelers and tourists.

  • Marriott International Inc.- The The Company is engaged in the operation of luxury and high-end properties located in the United States and Canada.

The tourism and hospitality market China the forecast report offers detailed information about the profiles and offers of the main suppliers Click here for a sample report

Key market dynamics

The growing appreciation of local and authentic experiences is one of the main reasons for boosting China tourism and hotel industries. Tourists place more emphasis on learning about local communities and their cultures, which is seen as one of the most important facets of China’s tourism and hospitality industry.

In addition, tourists prefer:

  • Choose local products rather than souvenirs

  • Use public transport for adventurous trips rather than a taxi

  • dine somewhere that only uses zero-mile ingredients, including primary foods like low-impact local meat, cheese, and honey.

As travelers become more aware of the effects of tourism on the environment, this new style of tourism is expected to grow in popularity. These elements are expected to propel the expansion of the market over the forecast period.

Related reports:

Hotel market in the Netherlands Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

India Travel Services Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

China Tourism and Hospitality Market Scope

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 11.81%

Market Growth 2022-2026

$24.23 billion

Market structure

Fragmented

Annual growth (%)

6.09

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Beijing Zhiyuan International Travel Agency Co. Ltd., Emei Shan Tourism Co. Ltd., Expedia Group Inc., Guangdong International Hotel Management Holdings Ltd., Huangshan Tourism Development Co. Ltd., Huazhu Group Ltd., InterContinental Hotels Group PLC, Intrepid Group Pty Ltd., Jin Jiang International Holdings Co. Ltd., Jinmao China Hotel Investments and Management Ltd., Marriott International Inc., Shangri La Asia Ltd., The Dragon Trip., Tongcheng Travel Holdings Ltd., Trip.com Group Ltd . , TUI AG and Tuniu Corp

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Type

6 Market Segmentation by Product

7 Customer Landscape

8 drivers, challenges and trends

9 Supplier landscape

10 Vendor Analysis

11 Appendix

About Us:

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Quote

Quote

View original content to download multimedia: https://www.prnewswire.com/news-releases/tourism-and-hotel-market-in-china-segmentation-by-type-outbound-tourism-and-inbound-tourism -and-product-chain-hotels-and-independent-hotels-forecast-through-2026—technavio-301596043.html

SOURCETechnavio

Share.

Comments are closed.