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Why hotels will boom

[photopress:touristchina.jpg,full,alignright]Liu Kezhi, a senior official with the China National Tourism Administration, says that China can expect to earn $156.5 billion from tourism in 2010.

The number of foreign tourists who will spend at least one night in China is expected to jump to 68.8 million in 2010 with domestic tourists expected to take 1.78 billion overnight trips. Add those two figures together and you get a minimum of 2.47 billion room nights. Which is why hotels are springing up like mushrooms.

Last year presaged what is to come. Both the number of tourists and the money they spent hit record highs last year. China’s travel industry catered to 1.363 billion tourists last year, up 10 percent, while tourism revenue hit $97.8 billion, a year-on-year growth of 12.4 percent.
Source: Xinhua

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