Categories
Economics & Trade Old Content

China's tourism is bursting out all over

[photopress:china_hotel_descanso.jpg,full,alignright]China National Tourism Administration wants to comprehensively develop domestic tourism and boost inbound tourism in line with the 11th Five-Year Plan. The goal is 68.8 million inbound overnight tourists and 1.78 billion domestic tourists with a total tourism income of RMB1,216 billion (US$156.5 billion).

One trade forecast is that the tourism industry in China will have an average annual growth rate of 10.4% in the next ten years. This rapid growth of the tourism industry has led to the increasing prosperity of hotels and subsidiary industries.

By the end of 2005, there were 12,930 star-level hotels in China with a year-on-year rate of growth of 18.75%. There were 1.37 million hotel rooms — an increase of 10.67%.
Source: Travel Daily News

Leave a Reply

Discover more from China Economic Review

Subscribe now to keep reading and get access to the full archive.

Continue reading