china travel & tourism
Travel & Tourism in China Set to Surpass Pre-Pandemic Levels This Year
The World Travel & Tourism Council | June 6, 2024
Beijing, China: The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has revealed today that China’s Travel & Tourism sector is set to inject a record-breaking ¥12.62TN into the national economy by the end of this year. In partnership with Oxford Economics, a world leader in global economic forecasting, WTTC’s latest research shows that domestic travel spend is also set to reach new heights this year – expected to contribute ¥6.79TN into China’s economy in 2024. According to the global tourism body, employment in Travel & Tourism is expected to represent 10.6% of all jobs in the countr...
China’s Travel & Tourism Sector to Create More Than 30 Million Jobs Over the Next Decade
The World Travel & Tourism Council | July 7, 2022
London, UK: The World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector in China is expected to create more than 30 million jobs over the next decade, representing a quarter of all new jobs globally. The forecast from WTTC’s latest Economic Impact Report (EIR) shows the sector will reach more than 107 million employed within the sector by 2032. According to the global Tourism body’s latest data, Travel & Tourism’s GDP is expected to grow at an average of 9.7% over the next 10 years, more than twice the 4.4% growth rate of the national overall economy, making it one of the fastest growing countries...
