Tourism and hotel market in China: segmentation by type (outbound tourism and inbound tourism) and product (chain hotels and independent hotels), forecast to 2026

NEW YORK, August 1, 2022 /PRNewswire/ — The Tourism and hotel market in China is divided into two categories based on the Type (outbound tourism and inbound tourism) and product (chain hotels and independent hotels). The market share is expected to increase $24.23 billion from 2021 to 2026, and the growth momentum of the market will accelerate at a CAGR from 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 insights into market overview and dynamic analysis, Read sample report

Root Market Analysis

Technavio categorizes the global tourism and hotel market into China as part of the global consumer discretionary market within the global consumer discretionary market. External factors influencing the growth potential of the parent market in the coming years have been studied thoroughly in our research analysis to learn more about the China tourism and hotel market growth during the forecast period.

Tourism and hotel market in China Analysis of the value chain

End-to-end understanding of the value chain is essential for profit margin optimization and evaluating business strategies. The data available in our Value Chain Analysis segment can help vendors reduce costs and improve customer service during the forecast period.

The value chain of the tourism and hotel market in China includes the following core components:

  • inputs

  • inbound logistics

  • operations

  • outbound logistics

  • Marketing and Sales

  • service

To unlock information about the costs of the provider and customer service, Buy a sample report.

Vendor Insights

The tourism and hotel market in China is fragmented, and vendors employ various organic and inorganic growth strategies to compete in the market. To capitalize on the opportunity, market providers should focus more on the growth prospects of the fast-growing segment while maintaining their positions in the slow-growing segments.

We offer a detailed analysis of providers operating in the tourism and hotel market 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., Jinjiang International Holdings Co.Ltd.

Product insights and news

  • Expedia Group Inc.- The company offers various travel and advertising services. The 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 mountains, namely Beihai Hotel, Xihai Hotel, Baiyun Hotel, Shilin Hotel, Paiyunlou Hotel and Yupinglou Hotel.

  • Huazhu Group Ltd.- The Company provides 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 offers high-quality transport solutions for political VIPs, business travelers and tourists.

  • Marriott International Inc.- That The Company is engaged in the operation of luxury and premium real estate properties in the United States and Canada.

The tourism and hotel market in China The forecast report provides in-depth insights into key vendor profiles and offerings Click here for a sample report

key market dynamics

The growing appreciation for local and real experiences is one of the main reasons for the sponsorship of China tourism and hotel industry. Tourists place more emphasis on discovering local communities and their cultures, which are considered to be one of the most important facets of China’s tourism and hotel industry.

In addition, tourists prefer:

  • Prefer local goods to souvenirs

  • For adventurous trips, use public transport instead of a taxi

  • Eat dinner in a place that uses only zero-mile ingredients, including staples like local, eco-friendly meats, cheeses, and honey.

As travelers become more aware of tourism’s impact on the environment, this new style of tourism is expected to gain popularity. Such elements are expected to drive the market expansion over the forecast period.

Related reports:

Hospitality 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

Scope of the tourism and hotel market in China

report coverage

details

page number

120

base year

2021

forecast period

2022-2026

Growth Dynamics & CAGR

Accelerate with a CAGR of 11.81%

Market growth 2022-2026

$24.23 billion

market structure

fragmented

YoY Growth (%)

6.09

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

Important companies in profile

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

Root Market Analysis, Market Growth Triggers and Obstacles, Fast-Growing and Slow-Growing Segment Analysis, COVID-19 Impact and Recovery Analysis, and Future Consumer Dynamics, Market State Analysis for the Forecast Period

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

Table of Contents

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Type

6 Market Segmentation by Product

7 customer landscape

8 drivers, challenges and trends

9 provider landscape

10 Vendor Analysis

11 Appendix

About us:

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

Contact
Technavio Research
Jess Maida
Media and Marketing Executive
United States: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNews photo/Technavio)

Technavio (PRNews photo/Technavio)

decision

decision

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-chain-hotels-and-independent-hotels-forecast-to-2026—technavio-301596043.html

SOURCE Technavio

Leave a Comment

Your email address will not be published.