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China breaks down the glass wall for conference tourism
Today, Asia is becoming the second largest tourism destination in the world, second only to Europe, but according to predictions of the World Tourism Organization, China will be the world's largest tourist destination by the year 2020. The country is bound to play a more and more important role in the development of the world's tourism industry – and definitely also for conference tourism.
In a recent article, the China Daily reports that tourism, as a new development point in the economy, has already become one of the pillar industries in China. The Chinese have been busy exploring both their mammoth country and venturing overseas, and more people are visiting China for various reasons.
Boeing expects Chinese carriers to take delivery of over 2,600 airplanes in the next 20 years, more than tripling the current size of their combined airfleet, while China’s main airport hubs in Beijing, Shanghai and Guangzhou have embarked on privatisation plans to expand their capacity to cater for an increasing number of travellers.
In a recent article, the China Daily reports that tourism, as a new development point in the economy, has already become one of the pillar industries in China. The Chinese have been busy exploring both their mammoth country and venturing overseas, and more people are visiting China for various reasons.
Investor’s faith in China
In a recent March feature, Travel Daily Newes reports that besides generating an expected value of US$354 billion of economic activity in 2006, China’s tourism industry has catalysed the country’s development, driving many major infrastructure and transportation initiatives, particularly in Beijing and Shanghai. Capital investments in the tourism sector were estimated to be US$100 billion in 2006 according to the World Travel & Tourism Council. For example, in a clear indication of faith in China, Disney has submitted a proposal to construct one of its famed theme parks in Shanghai which will initially occupy 4.25 square kilometres, expanding to 10 square kilometres in the second phase, with the US$3.8 billion project expected to open in time for the Shanghai World Expo in 2010.BEJING ° China’s capital for 3000 years and home to over one million people, is China’s third largest city and is the heart of the nation’s government, economy, and culture.
Boeing expects Chinese carriers to take delivery of over 2,600 airplanes in the next 20 years, more than tripling the current size of their combined airfleet, while China’s main airport hubs in Beijing, Shanghai and Guangzhou have embarked on privatisation plans to expand their capacity to cater for an increasing number of travellers.
Incoming and outgoing boom
As Asia’s major economic power, China has been steadily climbing in the World Tourism Organisation’s rankings since 2002, with tourism accounting for over 5% of its GDP in 2005 or 5.5% of the world’s total travel and tourism industry.| Next page > |
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