The tourism sector is growing faster in Asia than any other region worldwide and has slowly become more important to the Chinese economy than traditional industries like car manufacturing.
The Travel & Tourism industry in China is substantially bigger than automotive manufacturing and supports almost as many jobs as the mining sector. This is according to new research from the World Travel & Tourism Council (WTTC) sponsored by American Express, released during a speech by WTTC’s President & CEO, David Scowsill, at the ‘International Tourism Industry Expo’ in Guaangdong, China.
Travel & Tourism’s total contribution to GDP in China was around 9% of total GDP. This compares to 8% for automotive manufacturing, 7% for education and 5% for communications services.
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