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China has become one of the world's most visited tourism markets thanks to its booming economy, geographical variations and large amount of historic sites.
In 2010:
- The tourism industry's revenue expanded 21.7% to ¥1.57 trillion, where revenue from mainland tourists accounted for 81% of the total;
- The number of domestic tourists rose 10.6% to 2.1 billion people, generating ¥1.26 trillion in revenues, up 23.5% from 2009;
- The number of international tourists rose 5.8% to 133.76 million people, generating $45.81 billion in revenues ($343 per person), up 15.5% from 2009;
- The number of tourists visiting overseas rose 20.4% to 57.39 million, and their spending overseas rose 14.3% to $48 billion ($836 per person);
- The top five regions by tourism revenue were Jiangsu province (¥468.5 billion), Guangdong province (¥380.41 billion), Shanghai (¥340 billion), Zhejiang province (¥331.3 billion) and Shandong province (¥305.88 billion).
Among the goals set out in the five-year plan for the tourism sector by 2015:
- The tourism industry's revenue will total ¥2.3 trillion;
- The number of domestic tourists will total 3.3 billion people;
- The number of overnight international tourists will total 66.3 million people;
- 15.25 million people will be directly employed in the tourism industry.
The government has realized economic significance of the tourism industry and introduced a spate of policies to back its growth. But the tourism industry is facing haphazard development that causes damage to the original attractions and to the entire industry in the long run.
China has four mainland-listed tourism companies:
- China Southern Airlines Ltd (NYSE: ZNH, SHA: 600029, HKG: 1055), based in Guangzhou, Guangdong
- China Eastern Airlines Corp (NYSE: CEA, SHA: 600115, HKG: 0670), based in Shanghai
- Air China Ltd (SHA: 601111, HKG: 0753), based in Beijing
- Hainan Airlines Co (SHA: 600221), based in Haikou, Hainan
China has become one of the world's most visited tourism markets thanks to its booming economy, geographical variations and large amount of historic sites.
In 2010:
- The tourism industry's revenue expanded 21.7% to ¥1.57 trillion, where revenue from mainland tourists accounted for 81% of the total;
- The number of domestic tourists rose 10.6% to 2.1 billion people, generating ¥1.26 trillion in revenues, up 23.5% from 2009;
- The number of international tourists rose 5.8% to 133.76 million people, generating $45.81 billion in revenues ($343 per person), up 15.5% from 2009;
- The number of tourists visiting overseas rose 20.4% to 57.39 million, and their spending overseas rose 14.3% to $48 billion ($836 per person);
- The top five regions by tourism revenue were Jiangsu province (¥468.5 billion), Guangdong province (¥380.41 billion), Shanghai (¥340 billion), Zhejiang province (¥331.3 billion) and Shandong province (¥305.88 billion).
Among the goals set out in the five-year plan for the tourism sector by 2015:
- The tourism industry's revenue will total ¥2.3 trillion;
- The number of domestic tourists will total 3.3 billion people;
- The number of overnight international tourists will total 66.3 million people;
- 15.25 million people will be directly employed in the tourism industry.
The government has realized economic significance of the tourism industry and introduced a spate of policies to back its growth. But the tourism industry is facing haphazard development that causes damage to the original attractions and to the entire industry in the long run.
The top five mainland-listed tourism companies by market value are
- China International Travel Service Corp (SHA: 601888), based in Beijing
- Hangzhou Songcheng Tourism Development Co (SHE: 300144), based in Hangzhou, Zhejiang
- Hangzhou Songcheng Tourism Development Co (SHA: 600054), based in Huangshan, Anhui
- China CYTS Tours Holding Co (SHA: 600138), based in Beijing
- Emei Shan Tourism Co (SHE: 000888), based in Emei Shan, Sichuan
@2011 China Economy @ The China Perspective.
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