Higher income in China will lead to more travel. According to industry figures, Chinese took about 1.7 billion trips away from home last year, or about 1.1 per individual. I think that within 10 years, the total number of trips per year will increase to 2.5 times per person.
Part of that increase will result from urbanization in China. As more people move into cities, they will also take time to travel home. Also, they will grow more interested in other cities. Internationally, in developed economies, people take an average of three to four trips per year. China still has plenty of room to grow.
Besides taking more trips within China, Chinese will increasingly travel outside the country. About 40 million people will travel abroad this year, including travel to Hong Kong. But, helped by continued economic growth, I believe that the number of people traveling overseas will easily exceed 100 million within a decade; it may only take six years for China to reach that level.
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