China Travel Market to Nordics to be US$ 1.6 Billion by year 2024
  • 6 years ago
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As per Renub Research analysis China Travel Market to Nordics is expected to be more than US$ 500 Million by the end of year 2024. By 2024, the number of Chinese outbound tourists to Nordic Countries will be more than double from the current outbound tourists’ number in 2017; signaling a revolutionary change and opportunity for the global travel industry. More and More Chinese people are able to travel outside of their homeland as there has been an increase of average income and a less restrictive tourism policy. China has risen rapidly as a new major source of outbound tourists in the world and has become an important tourist market. Recognizing the importance of China Outbound Tourism market, foreign tourist boards are now leaving no stone turned to meet the growing demand of Chinese that is by offering increasing direct flights to Chinese cities. China has now world’s largest outbound market.

Numerous factors have contributed towards the growth of the Chinese Outbound Tourism market, the most prevalent being: the increasing GDP, increasing number of flight connectivity with low-cost carriers (LCCs), expanding middle class population and senior travelers. Travel shows, recommendations from friends & family who visited that place or lived there. Owing to mentioned factors, it is believed that the Chinese Travel market to Nordics will certainly hold a remarkable place in travel & tourism industry in the years to come.

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Renub Research report titled “China Travel Market to Nordics, Tourist Numbers to Nordic Countries (Norway, Denmark, Sweden, Finland and Iceland) Purpose (Holiday, Business, VFR, Others), Accommodation (Hotels, Camping Sites, Rented Holiday Cottage, Friends & Relative, Others) Top Five Destination to all (Thailand, South Korea, Japan, United State, Singapore) Top Three Destination in Europe (France, Germany, Switzerland)” covers issues such as tourists visits, travelers’ behavior and patterns – destination choice, purpose of travel, mode of accommodation and spending. Also, the Report provides complete analysis of China Population (Number of credit card in circulation, China outbound tourists to Europe).

By Purpose – Holiday/Leisure Accounts for the Maximum Market Share

The report studies travelers’ purposes by Holiday/Leisure, Business, Visiting Friends & Relatives (VFR) and Others. Holiday/Leisure accounts for the maximum market share. Sightseeing, shopping or relaxing are some of the key reasons influencing visitors to visit Nordic countries.
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