Tourism now 6.1% of GDP - China Business - Business Talk - FOB Business Forum [A Professional Business Forum]

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Post at 2007-3-18 11:42 Profile Space Site P.M. Buddy

Tourism now 6.1% of GDP

With the rapid development of the nation's economy and remarkable increase in FOB Business Forum/}:e+D5W$N'S3^4i9D
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disposable income, the country's tourism industry is flying. FOB Business Forum$J%g5m.R2r&i0k%Y.q3b+{
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Inbound, outbound and domestic tourism are all showing expansive growth, with FOB Business Forum;m I(o+u9H/`7Y F6v.N
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tourism revenues now accounting for 6.1 percent of total GDP.
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Growth is due to newly opened international destinations, improved domestic

transportation and infrastructure, and overall economic development and
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stability in China, according to market research firm Euromonitor International.

The China National Tourism Administration (CNTA), says that the industry will
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grow at least 10 percent each of the next five years, while the World Tourism

Organization predicts that China will be the world's largest tourism market by

2020.

The government's support of outbound tourism has been instrumental in the

surge of Chinese consumers travelling abroad. By December 2006, 129 countries www.fobshanghai.com,\'\#R+K p-\&m0s4@/\
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and regions had been approved as destinations by the CNTA, a dramatic increase
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from the six approved in 1999. [A Professional Business Forum]#x4t6~/K.z)^5j-X
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An example of government efforts to expand tourism is an agreement last year

with Australia allowing all Chinese citizens to visit the continent. Before only FOB Business Forum9I,d2}:^&I E4^2h,@"^

citizens from eight provinces and municipalities, including Beijing, Shanghai

and Guangdong Province, were allowed to travel there. "G8P0E.o"|$s6X

Africa was also opened to Chinese tourists in 2006, with more than 10 +S!o(l#b6v3^9k

countries, including Egypt, Kenya, Tanzania and Namibia, qualifying as approved www.fobshanghai.com2V;i4c/E"F+h$K
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destinations.

Increased travel has naturally brought benefits to airlines and hotels, FOB Business Forum/}:t!t,i0v+Z$x
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Euromonitor's research shows. business forum,trade forum,business opportunity,Business China,Business India,Brazil business.{3p!B1W H.o

The aviation industry continued to show strong profits despite high fuel [A Professional Business Forum]7j!r:c7@#y;Z8r0P
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prices that boosted costs 23.5 percent. www.fobshanghai.com7o2m*C)h3~!X
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China National Aero-Technology Import