Holiday Lettings news - Chinese tourism 'will continue to grow'

Chinese tourism 'will continue to grow'

China is set to become the second biggest tourist market in the world, one industry body predicts.

According to the World Travel and Tourism Council (WTTC), the value of China's tourism industry is set to grow at a rate of 9.6 per cent a year over the next decade.

If this happened then China would become the world's second largest tourism destination by 2017, the WTTC said.

Currently, the country lies in fourth place, behind the United States, Japan and Germany.

In 2007 China's travel and tourism industry generated over £220 million of revenue, contributing 12.2 per cent of the country's GDP.

Liu Yi, of the Beijing Tourism group, said that tourism had become a new engine of economic growth for China.

The country is set to host the Olympics this year, with the games taking place in Beijing from August 8th until August 24th.

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