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 129 million outbound trips in 2017, up from 122 in 2016 and 117 million in 2015.  Tourists from China spent $115 billion on travel in 2017.  This is only the beginning, since only a small portion of the Chinese population have passports. …

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