Figures published by the Chinese Aviation Administration (CAA) have made it clear that the rate of growth in international departures from Chinese airports has dropped off precipitously in 2017.
On the upside, the broader economic downturn has reduced the intensity of competition in the industry and prompted travel companies to optimize their internal operations, meaning that many of the biggest loss-makers of 2016 have been able to turn a profit in at least one quarter of 2017.
After having predicted a huge market for travel abroad year after year, 2018 may be the year in which future trends finally become clear. With the expected recovery in the economy and consumer spending, it seems likely that individual travel abroad by denizens of first-tier cities and international group tours by less well-heeled travelers will be noteworthy sub-sectors; look to see how travel companies create organic flow in the coming year.
Outbound tourism market continues to cool off
Judging by ...
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