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Tourism and Hotel Market in China Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: May 2022
  • Pages: 104
  • SKU: IRTNTR73387
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According to Technavio analysts, the tourism and hotel market share in China is expected to increase by USD 24.23 billion from 2021 to 2026 at a CAGR of 11.81%. This research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

The tourism and hotel market in China report extensively covers market segmentation by the following:

  • Type - Outbound tourism and inbound tourism
  • Product - Chain hotels and independent hotels 

The tourism and hotel market vendors in China that are studied and compiled in this report include 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 among others.

What will the Tourism and Hotel Market Size in China be During the Forecast Period?

Tourism and Hotel Market Size

Download the Free Report Sample to Unlock the Tourism and Hotel Market Size in China for the Forecast Period and Other Important Statistics

 

Tourism and Hotel Market in China: Key Drivers, Trends, and Challenges

The increasing preference for local and authentic experiences is notably driving the tourism and hotel market growth in China, although factors such as outbreak of covid-19 may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tourism and hotel industry in China. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Tourism and Hotel Market Drivers in China

  • One of the key factors driving the tourism and hotel market growth in China is the increasing preference for local and authentic experiences.
  • The tourists are focusing more on exploring local communities and their cultures, which are considered one of the most critical aspects of the tourism and hotel market in China.
  • The tourists also prefer:
    • Buying local products instead of souvenirs 
    • Undertaking adventure trips in public transport instead of taxis
    • Having dinner in a restaurant that uses zero-kilometer ingredients, including local, low-impact primary ingredients, such as meat, cheese, and honey.
  • This new form of tourism is expected to become popular among tourists as they are becoming more aware of the environmental impact of tourism.
  • Such factors are expected to fuel the market growth during the forecast period. 

Key Tourism and Hotel Market Trends in China

  • Growing Internet access and online testimonials is one of the key China tourism and hotel market trends that is expected to impact the industry positively in the forecast period.
  • The Internet provides consumers with all the essential information related to travel and hotels besides customer-generated reviews through testimonials. For instance;
    • As of January 2020, TripAdvisor Inc., a popular website for travel reviews, had an average of around 500 million visitors/month.
    • Booking.com provides users with booking options depending on the type of trip they wish to take. In 2020, the website had over 65 million guest reviews.
  • The Internet provides direct access to destination images and videos, reviews, weather reports, maps, and guides.
  • These factors are expected to further support the market in focus in the forecast years.

Key Tourism and Hotel Market Challenges in China

  • One of the key challenges to the tourism and hotel market growth in China is the outbreak of covid-19.
  • The closure of international borders, international flight cancellations, and lockdowns led by COVID-19 negatively affected the tourism and hotel market in China.
  • According to the Ministry of Culture and Tourism of China (MCT), in the first half of 2020, domestic tourism demand decreased by 77% in China as compared to 2019.
  • The zero-tolerance toward the virus even in 2021, when other countries such as the US accepted COVID-19 as an endemic, further decelerated the growth rate.
  • These factors may impact the revenue growth of the market, which is another challenge for the tourism and hotel market in China during the forecast period.

This tourism and hotel market in China analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the tourism and hotel market in China as a part of the global hotels, restaurants, and leisure market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the tourism and hotel market in China during the forecast period.

Who are the Major Tourism and Hotel Market Vendors in China?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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
  • Tuniu Corp

 

This statistical study of the tourism and hotel market in China encompasses successful business strategies deployed by the key vendors. The tourism and hotel market in China is fragmented and the vendors are deploying growth strategies such as focusing on safety measures and service portfolios to compete in the market.

Product Insights and News

  • Expedia Group Inc. - The company offers tourism and hotel services through its subsidiary, Trivago N.V.
  • Expedia Group Inc. - Under the retail segment, the company offers various travel and advertising services. Various brands under this segment include Hotels.com, Vrbo, Orbitz, Travelocity, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The tourism and hotel market in China forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Tourism and Hotel Market in China Value Chain Analysis

Our report provides extensive information on the value chain analysis for the tourism and hotel market in China, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Type Segments in the Tourism and Hotel Market in China?

Tourism and Hotel Market Market segmentation by region

To gain further insights on the market contribution of various segments Request for a FREE sample

The tourism and hotel market share growth in China by the outbound tourism segment will be significant during the forecast period. Owing to the rising income of the middle class and convenient visa procedures, the number of Chinese travelers traveling abroad is rising. Thailand, South Korea, Macau, and Japan are among the most popular destinations for Chinese travelers.

This report provides an accurate prediction of the contribution of all the segments to the growth of the tourism and hotel market size in China and actionable market insights on post COVID-19 impact on each segment.

 

Tourism and Hotel Market Scope in China

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at 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, Consumer engagement scope

Key companies profiled

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 inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Tourism and Hotel Market in China Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive tourism and hotel market growth in China during the next five years
  • Precise estimation of the tourism and hotel market size in China and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the tourism and hotel industry across China
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of tourism and hotel market vendors in China 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 11: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 12: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 13: Chart on China: Year-over-year growth 2021-2026 (%)
      • Exhibit 14: Data Table on China: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 15: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 22: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 23: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 24: Chart on Comparison by Type
      • Exhibit 25: Data Table on Comparison by Type
    • 5.3 Outbound tourism - Market size and forecast 2021-2026
      • Exhibit 26: Chart on Outbound tourism - Market size and forecast 2021-2026 ($ million)
      • Exhibit 27: Data Table on Outbound tourism - Market size and forecast 2021-2026 ($ million)
      • Exhibit 28: Chart on Outbound tourism - Year-over-year growth 2021-2026 (%)
      • Exhibit 29: Data Table on Outbound tourism - Year-over-year growth 2021-2026 (%)
    • 5.4 Inbound tourism - Market size and forecast 2021-2026
      • Exhibit 30: Chart on Inbound tourism - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Data Table on Inbound tourism - Market size and forecast 2021-2026 ($ million)
      • Exhibit 32: Chart on Inbound tourism - Year-over-year growth 2021-2026 (%)
      • Exhibit 33: Data Table on Inbound tourism - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 34: Market opportunity by Type ($ million)

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 35: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 36: Data Table on Product - Market share 2021-2026 (%)
    • 6.2 Comparison by Product
      • Exhibit 37: Chart on Comparison by Product
      • Exhibit 38: Data Table on Comparison by Product
    • 6.3 Chain hotels - Market size and forecast 2021-2026
      • Exhibit 39: Chart on Chain hotels - Market size and forecast 2021-2026 ($ million)
      • Exhibit 40: Data Table on Chain hotels - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Chart on Chain hotels - Year-over-year growth 2021-2026 (%)
      • Exhibit 42: Data Table on Chain hotels - Year-over-year growth 2021-2026 (%)
    • 6.4 Independent hotels - Market size and forecast 2021-2026
      • Exhibit 43: Chart on Independent hotels - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Data Table on Independent hotels - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Chart on Independent hotels - Year-over-year growth 2021-2026 (%)
      • Exhibit 46: Data Table on Independent hotels - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 47: Market opportunity by Product ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 49: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 50: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 51: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 52: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 53: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 54: Matrix on vendor position and classification
            • 10.3 Expedia Group Inc.
              • Exhibit 55: Expedia Group Inc. - Overview
              • Exhibit 56: Expedia Group Inc. - Business segments
              • Exhibit 57: Expedia Group Inc. - Key offerings
              • Exhibit 58: Expedia Group Inc. - Segment focus
            • 10.4 Huangshan Tourism Development Co. Ltd.
              • Exhibit 59: Huangshan Tourism Development Co. Ltd. - Overview
              • Exhibit 60: Huangshan Tourism Development Co. Ltd. - Product / Service
              • Exhibit 61: Huangshan Tourism Development Co. Ltd. - Key offerings
            • 10.5 Huazhu Group Ltd.
              • Exhibit 62: Huazhu Group Ltd. - Overview
              • Exhibit 63: Huazhu Group Ltd. - Product / Service
              • Exhibit 64: Huazhu Group Ltd. - Key offerings
            • 10.6 Jin Jiang International Holdings Co. Ltd.
              • Exhibit 65: Jin Jiang International Holdings Co. Ltd. - Overview
              • Exhibit 66: Jin Jiang International Holdings Co. Ltd. - Product / Service
              • Exhibit 67: Jin Jiang International Holdings Co. Ltd. - Key offerings
            • 10.7 Marriott International Inc.
              • Exhibit 68: Marriott International Inc. - Overview
              • Exhibit 69: Marriott International Inc. - Business segments
              • Exhibit 70: Marriott International Inc. - Key offerings
              • Exhibit 71: Marriott International Inc. - Segment focus
            • 10.8 Shangri La Asia Ltd
              • Exhibit 72: Shangri La Asia Ltd - Overview
              • Exhibit 73: Shangri La Asia Ltd - Business segments
              • Exhibit 74: Shangri La Asia Ltd - Key offerings
              • Exhibit 75: Shangri La Asia Ltd - Segment focus
            • 10.9 Tongcheng Travel Holdings Ltd.
              • Exhibit 76: Tongcheng Travel Holdings Ltd. - Overview
              • Exhibit 77: Tongcheng Travel Holdings Ltd. - Product / Service
              • Exhibit 78: Tongcheng Travel Holdings Ltd. - Key offerings
            • 10.10 Trip.com Group Ltd.
              • Exhibit 79: Trip.com Group Ltd. - Overview
              • Exhibit 80: Trip.com Group Ltd. - Product / Service
              • Exhibit 81: Trip.com Group Ltd. - Key offerings
            • 10.11 TUI AG
              • Exhibit 82: TUI AG - Overview
              • Exhibit 83: TUI AG - Business segments
              • Exhibit 84: TUI AG - Key offerings
              • Exhibit 85: TUI AG - Segment focus
            • 10.12 Tuniu Corp
              • Exhibit 86: Tuniu Corp - Overview
              • Exhibit 87: Tuniu Corp - Product / Service
              • Exhibit 88: Tuniu Corp - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 89: Inclusions checklist
                • Exhibit 90: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 91: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 92: Research methodology
                • Exhibit 93: Validation techniques employed for market sizing
                • Exhibit 94: Information sources
              • 11.5 List of abbreviations
                • Exhibit 95: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Tourism and Hotel Market in China market growth will increase by $24.23 bn during 2022-2026.
              The tourism and hotel market in china market is expected to grow at a CAGR of 11.81% during 2022-2026.
              Technavio has segmented the tourism and hotel market in china market by type (Outbound tourism and Inbound tourism) ,product (Chain hotels and Independent hotels) , and geographic (China).
              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, Tuniu Corp are a few of the key vendors in the tourism and hotel market in china market.
              China will register the highest growth rate of 100% among the other regions. Therefore, the tourism and hotel market in china market in China is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the tourism and hotel market in china market growth are:
              • increasing preference for local and authentic experiences
              • Growing Internet access and online testimonials
              The tourism and hotel market in china market vendors should focus on grabbing business opportunities from the outbound tourism segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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