WTTC ranks world’s top ten fastest growing destinations based on travel and tourism GDP
Published on : Thursday, October 26, 2017
With 14 percent growth predicted over the next decade, Chongqing in southwest of China tops the leader board, and is followed by Guangzhou (13 per cent) and Shanghai (13 per cent).
Double-digit growth will make Shanghai a bigger tourism powerhouse. A newly released list of the world’s fastest growing tourism destinations is made of cities in Asia-Pacific, with China leading the list.
Analysts at the World Travel and Tourism Council (WTTC) ranked the top 10 fastest growing tourism destinations based on travel and tourism GDP and found that six of the 10 cities are based in China.
This explosive growth in China is due to domestic leisure and business travel, with increasing prosperity and wealthier Chinese households fuelling travel demand. At nearly 6 percent, the average growth rate for Asia-Pacific surpasses the average growth rate of 4 percent a year at the global level.
Besides domestic tourism, China is also a major source market for neighbouring cities in the region like Tokyo, where nearly a quarter of tourism spending can be attributed to the Chinese visitors. China is Tokyo’s largest market. Chinese travellers also make up 38 per cent of tourist spending in Bangkok.
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