58787
Chinese New Year Tourism Revenue Exceeds $61b
Chinese New Year Tourism Revenue Exceeds $61b

Chinese New Year Tourism Revenue Exceeds $61b

Chinese New Year Tourism Revenue Exceeds $61b

China's tourism revenues reached 423.3 billion yuan ($61.55 billion) during the recent Lunar New Year festival, up 15.9% against last year, the China National Tourism Administration said late on Thursday.
However, the rate of growth, driven by 344 million domestic tourist trips, was slightly slower than the 16.3% rise seen in the corresponding year-ago period. Some 6.15 million Chinese tourists went abroad, which is up around 7% year-on-year, CNTA was cited as reporting by Reuters.
China's tourism industry is key to the country's shift towards a more services-driven economy and is a useful indicator of the strength of consumer spending. The domestic sector raked in 3.9 trillion yuan in 2016, which Beijing wants to raise to 7 trillion yuan by 2020, the official news agency Xinhua said.
By 2020, investment in tourism is expected to grow to 2 trillion yuan and the sector will contribute more than 12% of GDP, according to a five-year tourism plan (2016-20).
China's retail and catering firms saw sales over the weeklong holiday amounted to 840 billion yuan, the commerce ministry said in a separate statement, up 11.4% over 2016.
Lunar New Year in China is closely watched, as it marks a spike in tourism and retail spending when millions of people return home or go on vacation domestically or overseas.

Short URL : https://goo.gl/R9d6qc
  1. https://goo.gl/NrU00d
  • https://goo.gl/vdjeM4
  • https://goo.gl/iq58Fs
  • https://goo.gl/I0g094
  • https://goo.gl/kJ3IRV

You can also read ...

Isfahan Connects to Moscow,  St. Petersburg
The privately-owned Zagros Airlines launched its first Russia...
Home Nursing Services
Tariffs for around 30 home nursing services were proposed...
Female-Headed Households Up
The number of female-headed households has seen an upswing from...
Population Statistics
Based on the 2016 population and housing census, the largest...
More than five million children are in urgent need of aid in...
Qatar Airways Voted World’s Best Airline
Qatar Airways was announced the World’s Best Airline at the...
Emphasis Needed on CVD Prevention, Treatment in Women
Women and physicians do not give enough importance to...
Lut is a vast desert that extends across three provinces, but the bulk of it lies in the southern province of Kerman.
The second edition of the Iranian Silk Road Ultramarathon in the...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus