December 27 – China's air passenger traffic is projected to grow 8.2% from a year earlier to 290 million people and the aviation industry's profit is projected to grow 5.1% to ¥46.5 billion in 2011, the Civil Aviation Administration of China predicted.
December 26 – Revenue from China's tourism business is estimated to grow 10% annually to ¥2.5 trillion accounting for 4.5% of gross domestic product and 10% of total consumer spending by the end of 2015, according to the National Tourism Administration.
December 16 – Revenue from China's tourism industry is expected to grow 10% annually to ¥2.5 trillion and its share of gross domestic product is expected to climb to 4.5% by the end of 2015, according to the National Tourism Administration.
December 12 – China's aviation industry has invested over $4 billion overseas since 2001 when the nation joined the World Trade Organization.
November 15 – The net profits of the global aviation industry totaled $3.95 billion in Q3 2011, 47% of which was contributed by China's top four airlines, according to the International Air Transport Association.
November 9 – China has become the largest source of foreign tourists in Asia and the third largest tourist destination in the world, according to the National Tourism Administration. In 2010, the number of Chinese tourists traveling overseas rose 20.4% to 57.39 million, and their spending overseas rose 14.3% to $48 billion; the number of international tourists coming to China rose 5.8% to 133.76 million people, generating $45.81 billion in tourism revenues.
November 4 – Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) said it plans to open five hotels in China over the next five years. The company has opened seven hotels in China this year, bringing the total number in the country to 46. It plans to have 100 hotels in China by the end of 2012.
November 2 – The Ministry of Finance will start negotiations in December with regulators in some industries, including the Civil Aviation Administration of China, to ask them to hand over a portion of their annual profits.
$1 = ¥6.31
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