Researchmoz added Most up-to-date research on "China Tourism Industry Research Report, 2016-2019" to its huge collection of research reports.
Disposable income growth, demographic change and accelerated urbanization are driving structural growth in China’s tourism industry. Along with favorable government policies, optimized infrastructure and looser visa policies overseas, these factors should underpin 11%/31% 2015-20 CAGRs in domestic/outbound tourists and a 25% CAGR in domestic tourist spending (CNTA forecasts).
With various business models and operating focus, our covered stocks offer different exposures to the underlying drivers of China’s tourism boom: (1) Individual Travel Propensity via leading travel agencies (CITS/CYTS/Caissa/Utour) and destination attractions (Songcheng/CYTS/ CTSHK); (2) Outbound Travel via fully-integrated outbound service platforms (Caissa/Utour); (3) Theme Park Boom via local players with scalable business models and local demand knowledge (Songcheng); (4) Travel Retail via duty free operators with nationwide licenses (CITS).
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