According to WTTC, China tops in tourism investment

Published on : Thursday, October 20, 2016

china-tops-in-tourism-investmentAccording to the World Travel & Tourism Council (WTTC), in China, prioritization of tourism in government policy leads to higher income and increased opportunity for jobs.

 

David Scowsill, the WTTC President said this while speaking at the Global Tourism Economy Forum in Macau. He stressed on the power of tourism to propel economic growth and create new jobs and praised China’s appreciation of this. China has built thousands of kilometers of speedy rail track and over 60 airports in the last decade and is aiming to invest more than US$720 billion in the next three years to accommodate both domestic and international travelers. WTTC predicts that China’s tourism will grow by 7% per annum over the period of next 10 years.

 
By 2026, tourism in China will support 10% of the total Chinese economy with almost 100 million jobs. China is one of the fastest growing and second largest tourism economies in the world and its government plays a big role in encouraging this growth. WTTC said that the Chinese government should continue investment in tourism and implement Visa waiver schemes for stimulating inbound travel. Mr. Scowsill said that Macau has continued to re-invent itself as a tourist attraction, so that guests come back for more.

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