1,816
24
Report, 3 pages (600 words)

Analysis and investment consulting report on china tourism industry

With the social development, tourism has become one of the industries with strongest development momentum and largest scale in global economy. Industry position and economic function of tourism in urban economic development strengthened gradually and function of pulling urban economy, driving social employment and promoting the culture and environment showed gradually.

Tourism is the pillar industry of China economic development. ?? China tourism still maintained rapid development in 2006, and comprehensive growth in the three big markets. In the whole year, inbound tourists were to 124. 9421 million ( of which inbound staying overnight tourists were 49. 9134 million, increased by 6. 6% than last year), tourist foreign exchange revenues were 33.

949 billion dollars, respectively increased 3. 9% and 15. 9%; domestic tourists were 1. 394 billion and revenues were 623 billion yuan, respectively increased 15% and 17. 9%; China outbound tourists were to 34523.

6 thousand, increased by 11. 3% than last year; total tourism revenues were 893. billion RMB, increased by 16. 3% than last year and equal to 4. 27% of GDP.

2006 was the first year of the “ 11th Five Years” plan. The development status in 2006 was no doubt a good beginning of domestic tourism development during the “ 11th Five Years”. ?? From January to November in 2007, there were 39, 970, 340 tourists received in main cities of China, increased year-on-year 13. 37%, of which 23, 330, 404 were foreign tourists, 11, 176, 899 Hangkong compatriots, 722, 831 Macao compatriots and 4, 740, 206 Taiwan compatriots. During this period, there were 23, 938, 139 foreign tourists in China inbound tourists, of which 6, 434, 616 foreign tourists were for conferences or business activities, 12, 049, 859 foreign tourists were for sightseeing tour, 72, 866 foreign tourists were for visiting friends and relatives, 2, 122, 858 were inbound service staffs and 3, 257, 940 were for other purposes. ?? The announcement of national vacations on festival and anniversary and regulations of paid leave of employees on Oct.

6th, 2007 means “ three golden weeks and one not too long holiday( New Year’s Day)” in one year implemented from 1999 changed to “ two golden weeks and five not too long holidays” in 2008. The adjustment of official holidays will shake the pattern of current golden tour product. The corresponding adjustment are made and short distance tour will become the new bright spot in market, 4-6 days long line tour will also affect tour products structure. Besides, the two golden weeks China New Year and “ Oct. 1st” will welcome the highest tour upsurge in the history. ?? As the new industry in national economy, China tourism has made basic policy for development and construction at the early developing period.

On the one side, keeping opening up to attract capitals at home and overseas; on the other side, fully utilizing social resources, encouraging state, collectivity, individual to invest in the tour projects construction. The opening up investment policy promotes the activity of China tour investment market and improvement of tour reception capacity, and create conditions for the flourish development of tourism. Although there are many problems and obstacles existing in China tourism development, especially low marketization level of tourism management system and investment mechanism, in general, investment environment of China tourism presents continuous optimization trend. ?? In the next 10 years, China tourism will maintain annual growth rate of 10. %, of which personal tourism consumption will grow at annual average rate of 9. 8%, growth rate of enterprises / government will be to 10.

9%, and China will become the first inbound country and the fourth outbound country to 2020. By 2010, the proportion of total revenues of China tourism accounting for GDP will increase from 5. 44% in 2002 to 8%. So tourism, as one of the six new consumption highlight industries, will provide big investment opportunities in the next years.

Thank's for Your Vote!
Analysis and investment consulting report on china tourism industry. Page 1
Analysis and investment consulting report on china tourism industry. Page 2
Analysis and investment consulting report on china tourism industry. Page 3
Analysis and investment consulting report on china tourism industry. Page 4

This work, titled "Analysis and investment consulting report on china tourism industry" was written and willingly shared by a fellow student. This sample can be utilized as a research and reference resource to aid in the writing of your own work. Any use of the work that does not include an appropriate citation is banned.

If you are the owner of this work and don’t want it to be published on AssignBuster, request its removal.

Request Removal
Cite this Report

References

AssignBuster. (2022) 'Analysis and investment consulting report on china tourism industry'. 20 January.

Reference

AssignBuster. (2022, January 20). Analysis and investment consulting report on china tourism industry. Retrieved from https://assignbuster.com/analysis-and-investment-consulting-report-on-china-tourism-industry/

References

AssignBuster. 2022. "Analysis and investment consulting report on china tourism industry." January 20, 2022. https://assignbuster.com/analysis-and-investment-consulting-report-on-china-tourism-industry/.

1. AssignBuster. "Analysis and investment consulting report on china tourism industry." January 20, 2022. https://assignbuster.com/analysis-and-investment-consulting-report-on-china-tourism-industry/.


Bibliography


AssignBuster. "Analysis and investment consulting report on china tourism industry." January 20, 2022. https://assignbuster.com/analysis-and-investment-consulting-report-on-china-tourism-industry/.

Work Cited

"Analysis and investment consulting report on china tourism industry." AssignBuster, 20 Jan. 2022, assignbuster.com/analysis-and-investment-consulting-report-on-china-tourism-industry/.

Get in Touch

Please, let us know if you have any ideas on improving Analysis and investment consulting report on china tourism industry, or our service. We will be happy to hear what you think: [email protected]