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New C&M analysis: China Tourist Attractions Market

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Tourist Attractions in China - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-21 02:07:02
With ongoing improvements in living standards in China as disposable income levels continue to rise, many Chinese consumers are choosing to visit local tourist attractions for relaxation. Another factor boosting the fortunes of tourist attractions in China in 2012 was the longer national public holidays in the country, including the week-long National Day and Chinese New Year holidays. The 8% growth recorded in the number of visitors to China´s tourist attractions in 2012 was commensurate with the CAGR of 8% recorded in the category over the entire review period.

The number of visitors to China´s tourist attractions is expected to increase at a CAGR of 8% over the forecast period, while constant value sales of tourist attractions are set to increase at a CAGR of 6%. This growth is set to be mainly driven by steady growth in disposable income levels and the rising need for travel and tourism in China which arising out of the increasing pursuit of personal wellbeing among the country´s increasingly affluent population. Domestic tourist attractions are usually the first choice for the majority of first-time travellers, while China´s immense population base means that there is likely to be a steady supply of visitors for the country´s tourist attractions for the foreseeable future.

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