China has become the world's fourth most popular destination for international tourists
Los Angeles, CA (PRWEB) January 29, 2012
Along with the rapid development of China's economy, the tourism industry in China has experienced strong growth in recent years. As more people travel, demand for travel services increased. The Travel Agencies industry in China is in the growth stage of its life cycle, according to IBISWorld, America's largest publisher of industry research. In the five years through 2011, industry revenue increased at an estimated annualized growth rate of 11.2%. Growth will be faster in the outlook period as the government has positioned the tourism industry as one of the most important strategic industries.
China has become the world's fourth most popular destination for international tourists and the most popular within Asia. In recent years, the rapidly growing tourism sector has provided a good market environment for tourism enterprises, including travel agencies.
During the past five years, capital from the government, collectively owned organizations and the private sector have invested heavily in tourism project infrastructure. As a result, the industry grew strongly, attracting domestic and foreign capital.
For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorld’s full report on the Travel Agencies industry in China for $825 at ibisworld.com.
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Travel Agencies in China – Key Report Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.