Skip to main content
ITIJ

Main navigation

  • Latest
  • Magazine
  • Service Directory
  • Awards
  • Advertise
  • Subscribe

Secondary

  • Travel Insurance
  • Company News
  • Assistance & Repatriation
  • Air Ambulance
  • Travel
  • Health
  • Hospitals & Healthcare
  • Insurtech
  • General Insurance
  • Latest
  • Magazine
  • Service Directory
  • Awards
  • Advertise
  • Subscribe
  • Travel Insurance
  • Company News
  • Assistance & Repatriation
  • Air Ambulance
  • Travel
  • Health
  • Hospitals & Healthcare
  • Insurtech
  • General Insurance

Breadcrumb

  1. Home
  2. Latest
  3. Latest news
  4. China’s travel and tourism sector set to recover

China’s travel and tourism sector set to recover

Publishing Details

Travel

30 Dec 2021
Clara Bullock

Share

China

New research from the World Travel & Tourism Council (WTTC) reveals the recovery of China’s travel and tourism sector has soared ahead of many major tourism markets such as France and the US, and ahead of the global recovery

Before the pandemic struck, China’s travel and tourism sector’s contribution to the nation’s GDP represented CNY11.5 trillion (11.6 per cent of the total economy). In 2020, when the pandemic brought international travel to a grinding halt, the sector’s contribution to the national economy fell by almost 60 per cent, representing a decrease of CNY6.9 trillion. However, according to the research, and based on the current rate of recovery, the sector’s contribution to the country’s GDP could see a year on year increase of 60.7 per cent this year.

This growth is almost twice the global average of 30.7 per cent and represents an annual increase of nearly CNY2.8 trillion. The data also reveals travel and tourism’s contribution to the country’s economy could see a further year on year rise next year of 40.4 per cent, representing an increase of nearly CNY3 trillion.

Bringing a positive outlook for jobs

Domestic spend is expected to grow by 75 per cent by the end of this year and experience a further year-on-year rise of more than a third (35.9 per cent) in 2022. However, while international spend, which is critical to the sector’s recovery, is set to grow by just 7.2 per cent in 2021, next year, when China’s border is expected to reopen to major source markets around the world, it could significantly outpace domestic spend with a rise of 94.3 per cent.

Julia Simpson, WTTC President & CEO, said: “Last year, the Covid-19 pandemic saw 16 million jobs lost from China’s Travel & Tourism sector. But the predicted rise in both international and domestic spend next year brings a positive outlook for both jobs and GDP.”

Publishing Details

Travel

30 Dec 2021
Clara Bullock

Share

Keep on reading

Covid-19 update: Reported cases and lockdown measures across Asia

Covid-19: US suspends travel from Brazil; Chile’s hospitals ‘close to limit’

IATA publishes criteria for Covid-19 testing in air travel

IATA suggests an alternative to quarantine for Covid-19

ITIJ

Footer menu

  • About Us
  • Contact
  • Privacy Policy
  • Terms

Social

  • LinkedIn
  • Twitter
International Travel & Health Insurance Conferences

© Voyageur Publishing & Events 2023