This year China is expected to attract 120 million tourists (growing at 20 percent a year) who will spend US$75.1 billion (growing at 29 percent a year). Within ten years the World Travel and Tourism Council (WTTC ) estimates that China will become the second biggest travel and tourism market in the world, after the US.
WTTC figures include:
• Investment and government spending in tourism will grow by 14 percent in 2006.
• From 2007 to 2016 grow will be 8.7 percent a year – making China the fastest-growing market in the world.
• Spending by inbound international visitors (approx. US$75 billion) in 2006, is equivalent to 7.4 percent of exports.
• Travel and tourism contributes 2.9 percent to China’s GDP.
• Spending generated by tourists could make up 13.7 percent of GDP in 2006.
• The sector may account for 2.3 percent of total employment in 2006. It currently provides 17,383,000 jobs.
Against this background the Asia-Europe Meeting (ASEM) will hold a tourism forum and exhibition this October 19-22 in Yantai in east China.
China Business Services provides a range of services to the travel and tourism sector, and will be co-hosting an industry forum in London in November 2006. please contact us for details
See news sources:
China’s Inbound Tourists to Reach 120 million in 2006 
TMCnet – USA
… BEIJING, Apr 28, 2006 (SinoCast via COMTEX) –It is expected that foreign tourists will spend USD 75.1 billion (about CNY 588.2 billion) in China this year. …
China set to become world’s second-largest tourism mart 
Financial Express – Bombay,India
BEIJING, APRIL 25: The World Travel and Tourism Council (WTTC) has predicted that over the next decade China will become the second largest travel and tourism …
China to host Asia-Europe tourism forum 
People’s Daily Online – Beijing,China
The Asia-Europe Meeting ( ASEM) will hold its first large-scale tourism forum and exhibition this October in eastern China. The …