In its annual outlook for the travel industry, Skift Research has created 2023 global revenue forecasts for airlines, hotels, short-term rentals, cruise lines, and online travel agencies. Skift also built an estimate for international cross-border travel from 2023–2025. This outlook is meant as a companion piece to our recent State of Travel report that offers in-depth coverage of all travel segments.
Chinese Travel Boom – How to Profit: New Skift Research
25.08.2023 - 13:28 / skift.com / Skift Research
In a new Skift Research report, entitled Understanding the Chinese Traveler Post-Covid:
Survey Findings and Trends, we explore various stages of the Chinese travel journey, decode their spending habits, and offer key takeaways for Destination Management Organizations (DMOs) and travel suppliers.
We conducted a survey to get a deep understanding of the travel behavior of Chinese consumers: their preferences, motivations, and expectations. The findings provide valuable insights for those looking to tap into the lucrative Chinese travel market.
In the dreaming stage, we identify the countries and cities that Chinese travelers are longing to visit.
In the planning stage, the report explores travel duration, preferred travel companions, planning sources, and popular travel products.
In the booking stage, the report uncovers insights about the booking window and the gap between the desire to travel and making actual bookings. It also highlights the dominance of third-party bookings in the Chinese travel market.
When it comes to in-destination behavior, the report talks about the activities Chinese indulge in and also how their spending varies across categories.
The report also sheds light on the economic outlook of Chinese travelers, showcasing their optimism about the economy, increased savings, improved financial status, and their willingness to splurge on travel experiences.
Lastly, the report concludes with key takeaways for DMOs and suppliers based on the survey data. These insights provide valuable guidance on how to effectively target and engage Chinese travelers, enabling them to capitalize on the opportunities presented by the upcoming travel boom.
Chinese travelers are eagerly embracing new travel opportunities as restrictions ease, with a strong desire to explore their dream destinations and engage in unique cultural experiences.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Autors
Popular Topics
skift.com
25.08.2023 / 14:45
Travel’s Growth Remains Flat
Good morning from Skift. It’s Friday, November 18. Here’s what you need to know about the business of travel today.
skift.com
25.08.2023 / 14:34
The Top 10 Travel Research Reports of 2022
Skift Research produces a wide range of reports and data tools. The big trends in the industry guide us in choosing the topics we cover, and our readers, through their reading and feedback, tell us which reports and topics hit the mark in 2022.
skift.com
25.08.2023 / 14:31
Economic Turbulence's Toll on Travel Recovery
Good morning from Skift. It’s Monday, December 19, and we are headed back from a successful Skift Forum in Dubai. Here’s what you need to know about the business of travel today.
skift.com
25.08.2023 / 14:31
Expedia and Booking Rebuild for Post-Pandemic Landscape: New Skift Research
In Skift Research’s latest report check in on the current state of Expedia Group and Booking Holdings, the big two online travel agencies in the U.S. and Europe, as they recover from the Covid-19 pandemic.
skift.com
25.08.2023 / 14:30
Travel in 2022 Explained in 11 Charts
This has been a year of growing optimism around the travel industry’s recovery, as well as growing pessimism about rising inflation, sky high rates, and a possible recession. Here are some of the highs and lows of the past year, in the form of 11 charts produced by the Skift Research team.
skift.com
25.08.2023 / 14:26
Global Recovery Cools as Anxieties Heat Up: New Skift Travel Health Index
Travel’s performance dropped in November from 84 to 81 points, according to Skift Research’s latest analysis in the Skift Travel Health Index: November 2022 Highlights report.
skift.com
25.08.2023 / 14:26
Travel Industry Recovery on Track for 2023
Good morning from Skift. Somehow it’s already Friday, January 20. Here’s what you need to know about the business of travel today.
skift.com
25.08.2023 / 14:26
Flight Meltdowns Are Biggest Airline Story of The Year
Good morning from Skift. It’s Friday, December 30, and here’s what you need to know about the business of travel today.
skift.com
25.08.2023 / 14:25
2022 Fizzles Out, Optimism for 2023: New Skift Travel Health Index
Skift Research has been tracking the performance of the travel industry since the start of the pandemic, and we have analyzed all the peaks and troughs, highs and lows for three years now. The last months of 2022 saw little movement in the global Index score as continued growth in demand in some areas was counterbalanced by increased worries about the broader economy.
skift.com
25.08.2023 / 14:11
What Travel Marketers Should Expect in 2023
Skift CEO Rafat Ali and Skift Research senior analysts Varsha Arora and Pranavi Agarwal went live on LinkedIn to discuss the key findings and implications from the latest U.S. Travel Tracker survey conducted in January 2023. Skift Research has been conducting bi-monthly U.S. travel surveys since January 2020 amongst 1,000 U.S. consumers, to examine travel behavior, demands and expectations.
skift.com
25.08.2023 / 14:09
See What Regions of the World Are Fully Recovered: New Skift Travel Health Index
The Skift Travel Health Index is up to 89 points in January 2023, falling only short 11 percentage points from January 2019 travel performance levels. The January score is the highest achieved since the onset of the pandemic. With growing travel demand, we expect 2023 to be a powerful year for the travel sector.