Massive, Long Term Growth in China’s Travel Market/Indian Travel Market Rebounds, Business and Industry Trends Analysis

Decades of economic growth in both China and India are impacting business sectors around the world.  Rapidly growing middle classes in both countries are beginning to travel by air in numbers never before seen, and airlines and hotel firms have seen soaring growth in the size of their markets. Chinese citizens, according to the World Tourism Organization, made 149.7 million overseas trips in 2018, up from 145 million in 2017 and 136.9 million in 2016.  Tourists from China spent $277.3 billion on travel in 2018, compared to the $144.2 billion spent by American tourists and $94.2 billion spent by German…

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