DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/3bc0211f/travel_and_tourism) has announced the addition of the "Travel and Tourism in China, Key Trends and Opportunities to 2016: Tourism Infrastructure Benefiting From Government Investment" report to their offering.
In terms of global inbound tourist volume, China is the world's third most attractive travel and tourism destination, behind the US and France. According to the UN's World Tourism Organization (UNWTO), China's travel and tourism industry contributed 8.3% of the country's GDP in 2010. By 2016, it is expected that this contribution will increase to 9%. Throughout the review period, the Chinese tourism industry recorded strong growth, managing to effectively weather the global financial crisis in 2009. The Chinese tourism industry recorded a CAGR of 9.24% over the review period, driven by the government's investment of US$3.7 billion into the industry. Over the forecast period, the total volume of Chinese tourists is expected to record a CAGR of 8.45% due to the country's growing economy, government initiatives and the development of tourism infrastructure.
Key Highlights:
- China hosted major international events such as the 2008 Olympic Games, the Asian Games and the Shanghai Expo that resulted in increased volumes of inbound tourists.
- The Chinese Government is planning to invest CNY7.3 trillion (US$1.16 trillion) in upgrading the country's transport infrastructure.
- China is also rapidly developing its status as a business hub, with an increasing number of businesses being based in the country and global events and conferences attracting high numbers of business tourists.
- Tourism is expected to rise in China during the forecast period due to the country's growing economy, government initiatives and the development of tourism infrastructure.
Key Topics Covered:
1 Executive Summary
2 Introduction
3 Tourism Industry Outlook
4 Tourist Spending Pattern Analysis
5 Transportation Industry Outlook
6 Accommodation Industry Outlook
7 Travel Intermediaries Industry Outlook
8 Appendix
Companies Mentioned:
- China Southern Airlines Limited
- China Eastern Airlines Corporation Limited
- China Auto Rental Inc
- eHi Car Rental Co. Ltd
- Royal Caribbean China
- HK CTS Hotels Co., Ltd
- Antar Anda China
- China Odyssey Tours
-
China Connection Tours
For more information visit http://www.researchandmarkets.com/research/3bc0211f/travel_and_tourism