Chinese Outbound Travel Market at Traveling

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Chinese Outbound Travel Market. By 2020, we expect that more domestic travelers will graduate to overseas trips, pushing annual outbound traffic to 160 million. Asian cities were still most chosen destinations by chinese outbound tourists (77.67%), followed by european cities (32.07%) and american cities (20.29%).

COTTM 2018 China Outbound Travel & Tourism Market News
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They have invented a business model around recommending everything around travel. In 2018, travel destinations in asia accounted for almost 90 percent of market share in the chinese outbound tourism. China is already the world’s largest outbound travel market, and is set to grow further.

COTTM 2018 China Outbound Travel & Tourism Market News

Despite the size of the market and the recent negative impact of the coronavirus, it is expected that chinese outbound travel will continue to grow. Despite the size of the market and the recent negative impact of the coronavirus, it is expected that chinese outbound travel will continue to grow. China was previously the world’s largest outbound tourism market. Currently, around 10% of china’s 1.4 billion inhabitants travel internationally.