Published on : Monday, November 6, 2017
World Travel and Tourism Council (WTTC) Analysts have created a ranking of the top ten fastest growing tourism destinations in terms of travel and tourism GDP and discovered that six of the ten cities are in China.
Over the next decade, over 14 percent growth has been predicted. Chongqing in southwest of China is the leader of the board, followed by Guangzhou (13%) and Shanghai (13%).
Shanghai intends to turn out to be an even bigger tourism powerhouse with double-digit growth in the coming days. At present, WTTC says that the city generates a yearly tourism GDP contribution of US$30bil (RM126.99bil), the largest in the world.
Authors put the entire credit of the explosive growth in China to domestic leisure and business travel sector and their increasing prosperity and wealthier Chinese households fuelling travel demand.
Roughly 6%, the average growth rate for Asia-Pacific raised the average growth rate of 4% annually at the global level.
With rising demand in terms of domestic tourism, China is an important source market for the adjacent cities like Tokyo, where approximately, Chinese visitors have been traced to invest a quarter of tourism spending. China is Tokyo’s largest market.
Over 38% of tourist spending in Bangkok revolves around Chinese travelers. According to the WTTC, here’s a list of the fastest growing tourism cities:
7; New Delhi
9. Kuala Lumpur