Forthcoming international events — Olympic Games soon, World Fair in Shanghai in 2010 — means the Chinese tourism industry looks as though it is set to continue to grow for the
foreseeable future. China has not only emerged as an attractive tourist destination but also as a prominent tourist generating country.
‘China Tourism Industry Analysis (2007-2011)’, a research report by RNCOS says that in recent years, China has become the world’s fourth largest international tourist hub. The report believes it has has identified the reasons making China a tourism giant in the world.
According to the report, economic growth and reforms are creating favorable conditions for the Chinese tourism industry. But one of the major reasons for the high activity in the tourism industry of China is its accession to the WTO that gave a new direction to the Chinese tourism industry. This has further opened up the country to trade and investment opportunities.
The government is extending its full support and has already adopted several measures to promote the industry on a large scale.
The RNCOS research says growth in international tourism receipts by the industry was 58% up in 2007 over 2006.
China Tourism Industry Analysis (2007-2011) has examined each segment of the tourism industry thoroughly, including tourist arrivals, spending, and receipts, to identify its future potential.
The report also provides a forecast on revenue generation and international tourism receipts and more.
Source: Newswire
author Gareth Powell, source www.chinaeconomicreview.com
