The variety of outbound trips made by Chinese travellers is seeing double-digit growth, due to rising disposable incomes and web bookings, reveals exclusive research unveiled today (8 April) on the WTM Vision Conference – Beijing. Forecasts by Euromonitor International reveal that outbound trips from China are expected to record a ‘sharp’ 15% rise in CAGR (compound annual growth rate) from 2012-2017. Hong Kong and Macau are the most well liked destinations but non-Asian countries are rising in importance, delegates have heard today. Meanwhile, inbound tourism flows to China are forecast to grow at a 2.3% CAGR over an identical period, reveals the Forecast Revisit for the worldwide Travel and Tourism Industry report. Hong Kong is the most important source of arrivals, accounting for 27m, but Western European and US markets...
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