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China reaches US$ 408 billion in tourist revenues

Close to US$ 408 billion: this is what China recorded in tourism revenues in 2012. A result due exclusively to the Chinese domestic market, up by 10% while foreign arrivals diminished…

CHENGDU- Tourism revenues in China are expected to top 2.57 trillion yuan (407.94 billion U.S. dollars) in 2012, up 14 percent year on year, the country’s tourism chief said Thursday.

Domestic tourism markets reported 2.22 trillion yuan of revenues in 2012, up 15 percent year on year and 2.9 billion domestic trips, up 10 percent year on year, said Shao Qiwei, head of the National Tourism Administration (NTA), in Chengdu, capital of southwest China’s Sichuan Province.

About 80 million Chinese tourists went abroad last year, up 15 percent year on year.

However, fewer tourists came to China, with about 133 million overseas tourists last year, down 1.5 percent from the previous year. Among these, 57.4 million stayed at lease one night, almost the same as in 2011.

Revenues from inbound tourism stood at 48.5 billion U.S. dollars, almost the same as 2011. Domestic tourism consumption accounted for about 9 percent of a resident’s total consumption and the sector provided 500,000 new jobs last year, Shao said.

The administration has set a 2013 tourism revenue target of 2.85 trillion yuan, up 11 percent year on year, Shao said.

(Source: Xinhua)

Luc Citrinot
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Luc Citrinot a French national is a freelance journalist and consultant in tourism and air transport with over 20 years experience. Based in Paris and Bangkok, he works for various travel and air transport trade publications in Europe and Asia.

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