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Chinese Love for Travel Leading the Tourism Boom

Released on = November 16, 2006, 4:28 am

Press Release Author = RNCOS

Industry = Transportation & Logistics

Press Release Summary = Traveling is a common hobby shared by almost all Chinese
people. With increased disposable incomes and many new destinations opening up for
them, all they want to do is to travel as much as they can.

Press Release Body = There was an increase of about 21.8 percent in outbound tourism
in China that reached around 35 Million in 2005. Today, Chinese tourists are the 2nd
fastest in spending across the world. Last year (2005), China captured number-seven
slot in travel & tourism. In 2015, it’s estimated to climb to second slot,
next to U.S.

America is the most favored destination of ten long haul destinations for Chinese
people traveling outside Asia. Increased disposable income is one major driver
behind the growth in Chinese traveling overseas. Chinese people enjoy traveling a
lot and it’s the topmost agenda of almost every Chinese.

“China Tourism Industry: New Opportunities for Growth (2007)” a recently
published market research report by RNCOS provides an analytical overview of every
aspect of the tourism industry in China. Detailed data and analysis will help the
investors to comprehend the rapidly changing dynamics of Tourism industry in China.

As per the report, “Personal spending by Chinese tourists on Travel & tourism
demonstrated a real growth of 10.7 percent in the year 2004 and 10.1 percent in the
subsequent year (2005). It’s likely to observe 9.5 percent real growth per
year between the years 2006 and 2015, however spending on Travel & Tourism shall
rise between US$ 98.44 Billion and US$ 227.79 Billion.”

This report will help clients assess

- Emerging trends in the Tourism sector in China.
- Future prospects of the Tourism market in China.
- Key players in this sector.
- Opportunities and Challenges before the industry.
- Factors prevailing in the economy that influence the growth of Tourism in China.

The target audience of this report is

- Business analysts, consultants, investors and top management operating in the
tourism industry who are closely following the developments in the Chinese Tourism
Industry.
- Students, researchers, and individuals who need relevant and reliable information
on the Tourism Industry in China.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

For more information visit: http://www.rncos.com/Report/IM072.htm

Current Industry News: http://www.rncos.com/blog


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com

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