Sep 17 2008
China Tourism Industry to Grow at 10.4% Over Next Years
A report by Research and Markets stated that China’s tourism industry will keep growing at a rate of 10.4%.
With the growth of a middle-class, incomes and the standard of living, tourist expenditure increases. Over the past few years, China’s growth in the tourism sector has outpaced that of the GDP, and the future continues to look rosy.
In the next few years, China’s tourism industry will keep growing at a rate of 10.4%. Revenue proportion of China’s tourism industry to GDP will jump to 8% in 2010 from 5.44% in 2002. China will become the world largest tourism destination and the fourth tourist exporter of tourists in 2020, and the number of Chinese touring overseas will hit 100 million by then.
The Chinese have been investing heavily in infrastructure and its investments directly into tourism have reached and estimated CNY150 billion in recent years, fostering the large 20% growth rate.
The report goes into a detailed analysis, and you can read it all here.
