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Travel and Tourism in China to 2018

Travel and Tourism in China to 2018. Summary.

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Travel and Tourism in China to 2018

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  1. Travel and Tourism in China to 2018

  2. Summary China’s travel and tourism sector recorded a marginal growth during the review period (2009−2013).Domestic tourism is the major contributor to the sector and increased from 1.01 billion in 2009 to 1.45 billion in 2013. Government initiatives focusing on domestic tourism, infrastructure development, and promotional campaigns in key source countries such as Hong Kong, Macao, and the US are the major drivers for tourism growth in China. However, international arrivals recorded a decline of 3.5% to 55.7 million in 2013 from 57.7 million in 2012. Inbound tourist numbers were adversely affected by ongoing pollution problems and a lengthy visa process. W : www.bharatbook.com , T :  +91 22 27810772, 27810773, E :  info@bharatbook.com

  3. Key Findings • Domestic tourism is the major driving force of the Chinese tourism sector. The total number of domestic trips increased from 1,014.4 million in 2009 to 1,455.9 million in 2013, at a CAGR of 9.45%. Total domestic tourist expenditure posted a CAGR of 32.12%, increasing from CNY1,018.4 billion (US$149.1 billion) in 2009 to CNY3,103.3 billion (US$500.3 billion) in 2013. • International arrivals to China increased at a CAGR of 2.28%, from 50.9 million in 2009 to 55.7 million in 2013. Inbound tourist expenditure increased at a CAGR of 2.41%, from CNY271.0 billion (US$39.7 billion) in 2009 to CNY298.2 billion (US$48.1 billion) in 2013. However, international arrivals to China decreased from 57.7 million in 2012 to 55.7 million in 2013, at a rate of 3.5%, which can be attributed to reasons such as the sluggish global economy, rising exchange rate of the Yuan, and on-going pollution problems. W : www.bharatbook.com , T :  +91 22 27810772, 27810773, E :  info@bharatbook.com

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