{"id":34568,"date":"2005-06-21T00:43:59","date_gmt":"2005-06-20T16:43:59","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2005\/06\/21\/chinas-outbound-tourists-overtake-japan-for-the-first-time\/"},"modified":"2005-06-21T00:43:59","modified_gmt":"2005-06-20T16:43:59","slug":"chinas-outbound-tourists-overtake-japan-for-the-first-time","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2005\/06\/21\/34568\/","title":{"rendered":"China's Outbound Tourists Overtake Japan for the First Time"},"content":{"rendered":"<p><img decoding=\"async\" height=\"85\" src=\"http:\/\/www.chinahospitalitynews.com\/images\/20050620-planetakeoff.gif\" width=\"50\" align=\"right\">A new report by Research and Markets shows China's tourism industry is one of the fastest-growing industries in the Chinese&amp;nbsp;domestic economy and is also one of the industries with a very distinct global competitive edge.<\/p>\n<p><!--more--><\/p>\n<p>The total revenue of China's tourism industry reached US$67.3 billion in 2002, accounting for 5.44% of the GDP. It dropped, largely due to SARS, to US$59 billion in 2003. Nevertheless, for areas rich in tourism resources, tourism has become the main source of tax revenue and the key industry for economic development.<\/p>\n<p>For the outbound market, a large middle class population with strong consumption power is emerging in China, especially in major cities. China's outbound tourists reached 20.22 million in 2003, overtaking Japan for the first time. Currently there are 65 countries and areas open to Chinese tour groups. Putting aside the threat of Sars and other unexpected events, based on the current economic growth situation and the social development of China, China's outbound tourism is poised to achieve a new growth peak.<\/p>\n<p>For travel agencies, in 2003, there were a total of 11,522 travel agencies in China, among which, 1,349 were international ones and 10,203 were domestic ones. While overall tourism market concentration rose, there was a drop in the market position of the traditional three key travel agencies. As competition heightened, China's tourism industry on the whole, had begun to start earning low profits, even while it was expanding its scale of operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new report by Research and Markets shows China's tourism industry is one of the fastest-growing industries in the Chinese&amp;nbsp;domestic economy and is also one of the industries with a very distinct global competitive edge.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-34568","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=34568"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34568\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=34568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=34568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=34568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}