How will the tourism industry develop after the epidemic?

The industry's main related listed companies: Zhangjiajie (000430), OCTA (000069), Huangshan Tourism (600054), Tianmu Lake (603136),

Tibet Tourism (600749) and so on.

Core data in this article: number of travel agencies, total travelers, total tourism spending, online tourism turnover

Number of travel agencies in China continues to grow

According to the data from the Ministry of Culture and Tourism, despite the large negative impact of the epidemic on the tourism industry since 2020, China's travel agencies are still experiencing a significant increase in the number of travelers. large negative impact, the number of travel agencies in China has continued to grow from less than 39,000 in 2019 to 42,400 in 2021, an increase of 4.3 percent from 2020, according to data from the Ministry of Culture and Tourism.

Continuing decline in the number of travel agency employees in China

Unlike the growing number of travel agencies, the number of travel agency employees in China has continued to decline from 2019-2021, from 415,900 in 2019 to 278,800 in 2021, a decline in 2021 from 2020 of 13.55%.

China's total domestic tourism trips in 2021 increased by 12.8% year-on-year

China's total domestic tourism trips in 2021 were 3.246 billion, an increase of 12.8% year-on-year, but still far lower than the pre-epidemic 2019 figure of 5.901 billion, recovering only to 54.0% of the 2019 figure.2021 , 2.342 billion domestic trips by urban residents, up 13.4 percent; 904 million domestic trips by rural residents, up 11.1 percent.

China's total domestic tourism consumption in 2021 increased by 31%

China's total domestic tourism consumption revenue in 2021 was 2.92 trillion yuan, an increase of 31.0% from 2020, but much lower than the 5.73 trillion yuan in 2019.In 2021, the total domestic tourism consumption of urban residents was 2.36 trillion yuan, an increase of 31.6% from 2020; the total tourism consumption of rural residents is 0.55 trillion yuan, an increase of 28.4% from 2020.

China's online travel turnover reaches 1.47 trillion yuan in 2021

According to Fastdata Extreme Data, China's online travel market began to recover in 2021, with an annual turnover of 1.47 trillion yuan in 2021, a 34.9% increase from 2020, but still not back to the 2019 levels.

In summary, the number of travel agencies in China has increased rather than decreased since the epidemic, but the number of travel agency employees has continued to decline. The industry is showing signs of recovery from data such as total domestic tourism trips and total consumption in 2021.In 2021, China's total domestic tourism trips amounted to 3.246 billion, a year-on-year increase of 12.8%; total tourism consumption reached 2.92 trillion, a year-on-year increase of 31.0%; and online tourism turnover reached 1.47 trillion, a year-on-year increase of 34.9%.

The above data refer to China Tourism Industry Market Outlook and Investment Strategy Planning Analysis Report by Prospect Industry Research Institute.