New report says tourism revenue to account for 5% of China's GDP

Emerging Markets Economy, May 4, 2004

Research and Markets has announced the addition of Travel & Tourism In China: A Market Analysis to their offering.

According to the report, China's tourism sector is predicted to earn US$ 14 billion of foreign exchange in 2000 while domestic tourism revenue is projected to reach RMB 260 billion (US$ 31 billion). By then, tourism revenue will account for 5% of China's GDP.

In addition, China's tourism revenue accounted for 4% of GDP in 1999. Tourism-related foreign exchange is projected to reach US$ 40 billion by 2010, while domestic tourism revenue will reach RMB 1.3 trillion (US$156 billion).