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Strategy Briefing

Future Prospects of Chinese Outbound Travel for the Lodging Industry

16 pages, Mar 2017

US$1,325

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Understanding Chinese travellers’ demands, future travel patterns, and the impact of the economic slowdown in China, are key to the success of travel companies looking to attract Chinese travellers. This briefing utilises Euromonitor International’s Travel Forecast Model to investigate which destinations and lodging categories could benefit from increased Chinese spending in the coming years up to 2030.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

China already accounts for the highest outbound travel expenditure worldwide, and is set to continue the strongest growth in absolute value terms up to 2030

This report highlights the expected standout increase in average spend in the United Arab Emirates, South Africa, India, Indonesia, Brazil and Argentina.

A potential economic downturn might dampen growth, but will not result in a decline. While Asian countries will be hardest hit, China will continue recording positive growth of outbound expenditure.

With Chinese travellers preferring economy accommodation, South Africa and the United Arab Emirates demonstrate a significant gap in their lodging markets, which offers opportunities to hotel players.

With increasing amounts of Chinese travellers starting to travel, average spending in luxury destinations such as Macau and Switzerland is set to decline, but many countries will benefit from increased spending.

The United Arab Emirates and Indonesia are forecast to see slow growth in short-term rentals, which should entice short-term rentals platforms to increase their presence there.

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Scope

How to attract Chinese travellers

China has become largest outbound market

GDP growth strong driver of outbound expenditure

Chinese hard landing would slow Asian travel, but no decline

Emerging destinations set to benefit from increased spend

Strong preference for budget lodging among Chinese travellers

Is the hotels industry ready to receive Chinese travellers?

The potential of short-term rentals

What do Chinese travellers want? The case of two global chains

Key takeaways

Appendix

About Euromonitor International’s Travel Forecast Model

Growth decomposition explained

Significance and applications for growth decomposition

Key applications for Travel Forecast Model

Why buy this report?

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Euromonitor International

Euromonitor International

Megatrends

Strategy Briefing

Future Prospects of Chinese Outbound Travel for the Lodging Industry

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

China already accounts for the highest outbound travel expenditure worldwide, and is set to continue the strongest growth in absolute value terms up to 2030

This report highlights the expected standout increase in average spend in the United Arab Emirates, South Africa, India, Indonesia, Brazil and Argentina.

A potential economic downturn might dampen growth, but will not result in a decline. While Asian countries will be hardest hit, China will continue recording positive growth of outbound expenditure.

With Chinese travellers preferring economy accommodation, South Africa and the United Arab Emirates demonstrate a significant gap in their lodging markets, which offers opportunities to hotel players.

With increasing amounts of Chinese travellers starting to travel, average spending in luxury destinations such as Macau and Switzerland is set to decline, but many countries will benefit from increased spending.

The United Arab Emirates and Indonesia are forecast to see slow growth in short-term rentals, which should entice short-term rentals platforms to increase their presence there.

Want to find out more about this report?

Table of Contents

Scope

How to attract Chinese travellers

China has become largest outbound market

GDP growth strong driver of outbound expenditure

Chinese hard landing would slow Asian travel, but no decline

Emerging destinations set to benefit from increased spend

Strong preference for budget lodging among Chinese travellers

Is the hotels industry ready to receive Chinese travellers?

The potential of short-term rentals

What do Chinese travellers want? The case of two global chains

Key takeaways

Appendix

About Euromonitor International’s Travel Forecast Model

Growth decomposition explained

Significance and applications for growth decomposition

Key applications for Travel Forecast Model

Why buy this report?

Want to find out more about this report?

Recently Viewed

Recently Viewed

Megatrends

Strategy Briefing

Future Prospects of Chinese Outbound Travel for the Lodging Industry

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

China already accounts for the highest outbound travel expenditure worldwide, and is set to continue the strongest growth in absolute value terms up to 2030

This report highlights the expected standout increase in average spend in the United Arab Emirates, South Africa, India, Indonesia, Brazil and Argentina.

A potential economic downturn might dampen growth, but will not result in a decline. While Asian countries will be hardest hit, China will continue recording positive growth of outbound expenditure.

With Chinese travellers preferring economy accommodation, South Africa and the United Arab Emirates demonstrate a significant gap in their lodging markets, which offers opportunities to hotel players.

With increasing amounts of Chinese travellers starting to travel, average spending in luxury destinations such as Macau and Switzerland is set to decline, but many countries will benefit from increased spending.

The United Arab Emirates and Indonesia are forecast to see slow growth in short-term rentals, which should entice short-term rentals platforms to increase their presence there.

Want to find out more about this report?

Table of Contents

Scope

How to attract Chinese travellers

China has become largest outbound market

GDP growth strong driver of outbound expenditure

Chinese hard landing would slow Asian travel, but no decline

Emerging destinations set to benefit from increased spend

Strong preference for budget lodging among Chinese travellers

Is the hotels industry ready to receive Chinese travellers?

The potential of short-term rentals

What do Chinese travellers want? The case of two global chains

Key takeaways

Appendix

About Euromonitor International’s Travel Forecast Model

Growth decomposition explained

Significance and applications for growth decomposition

Key applications for Travel Forecast Model

Why buy this report?

Want to find out more about this report?

Recently Viewed

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