China Tourism Industry
China’s tourism industry is one of the fastest-growing industries in the national economy and is also one of the industries with a very distinct global competitive edge. The total revenue of China’s tourism industry reached USD 67.3 billion in 2002, accounting for 5.44% of the GDP. It dropped, largely due to SARS, to USD 59 billion in 2003. Nevertheless, for areas rich in tourism resources, tourism has become the main source of tax revenue and the key industry for economic development.
Inbound Market: The total number of inbound tourists was 91.66 million in 2003, and that of tourists staying overnight was 32.7 million, about 10 times of the number in 1980. International tourism receipts were USD 17.4 billion in 2003. China’s ranking for both the overnight tourist arrivals and tourism receipts were among the world’s top five in 2003. However, there is unlikely to be a big increase in the inbound tourism market.
Domestic Market: China’s domestic tourism market makes up more than 90% of the country’s tourism traffic, and contributes more than 70% of total tourism revenue. In 2002, domestic tourists reached 878 million and tourism revenue was USD 46.9 billion. The five-days-per-
Outbound Market: A large middle class population with strong consumption power is emerging in China, especially in major cities. China’s outbound tourists reached 20.22 million in 2003, overtaking Japan for the first time. Currently there are 65 countries/areas open to Chinese tour groups. Putting aside the threat of Sars and other unexpected events, based on the current economic growth situation and the social development of China, China’s outbound tourism is poised to achieve a new growth peak.
Hotel: Driven by the flourishing tourism industry, China’s tourist hotel sector is expanding rapidly. At the end of 2003, China had a total of 10,093 tourist hotels and more than 820,000 rooms. 773 of these tourist hotels were foreign-funded. The number of foreign-funded (inclusive of Hong Kong, Macau and Taiwan investments)
Travel Agencies: In 2003, there were a total of 11,522 travel agencies in China, among which, 1,349 were international ones and 10,203 were domestic ones. While overall tourism market concentration rose, there was a drop in the market position of the traditional three key travel agencies. As competition heightened, China’s tourism industry on the whole, had begun to start earning low profits, even while it was expanding its scale of operations.
Tourist Attractions:
According to the plan by China National Tourism Administration, the number of inbound tourists, foreign exchange earnings from tourism and the domestic market size are targeted to have an annual growth of 4%, 8% and 8%, respectively, in the next five to ten years. It is also forecasted by the World Tourism Organization (WTO) that China’s tourism industry will take up to 8.6% of world market share to become the world’s top tourism industry by 2020.
Table of Contents
China Tourism Industry
Charts and Table in this Report Executive Summary
Part One Industry Overview
Chapter 1
Introduction
Chapter 2 Impact on national economy and related industries
Part Two Regulatory Environment
Chapter 3 The Legal System
Chapter 4 The Judicial System
Chapter 5 Arbitration and Enforcement of Arbitral Awards
Chapter 6 Foreign Exchange Regulations
Chapter 7 Taxation
Chapter 8 Environmental Protection Regulations
Chapter 9 WTO Commitments
Chapter 10 Regulating the Tourism Industry
Part Three Market Analysis
Chapter 11 Key Factors Affecting China’s Tourism Markets
Chapter 12 Inbound Market
Chapter 13 Domestic Market
Chapter 14 Outbound Market
Chapter 15 Market Forecast
Chapter 16 Industry Overview
Chapter 17 Tourist Hotels
Chapter 18 Travel Agencies
Chapter 19 Tourist Attractions
Chapter 20 Pricing Standards and Changing Trends
Part Five Investing in China Tourism Industry
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