Tourism, internationally known as the tourism industry, is a comprehensive industry that specializes or mainly engages in recruiting and receiving tourists and providing them with six segments, including transportation, sightseeing, accommodation, catering, shopping and recreation, by virtue of tourism resources and facilities. The tourism business has to be composed of three parts: tourism, transportation and passenger transport and accommodation represented by hotels. These three components are the three pillars of the tourism industry.
Steady growth of domestic tourism market
According to statistics from the Ministry of Culture and Tourism of China, the domestic tourism market continued to grow steadily from 2010 to 2019; the number of domestic tourists exceeded 5 billion for the first time in 2017, and the number of domestic tourists exceeded 6 billion in 2019, reaching 6.006 billion, an increase of 8.43% compared with 2018.
From 2010 to 2019, the total scale of China’s tourism industry achieved steady growth, and the tourism industry is becoming an important engine of economic growth; the total tourism revenue in 2010 was 1.57 trillion yuan, and the total domestic tourism revenue in 2019 was 6.65 trillion yuan, a record peak, with an average annual compound growth rate of 17.36%, up 11.06% year-on-year from 2018. Go to visaepxress.com for travel visa information.
China’s tourism industry’s comprehensive contribution to total GDP has risen steadily
Tourism is an important part of the national economy and has an important contribution to the economic growth of a country or region, while the size of the comprehensive contribution of tourism to total GDP is an important indicator of socio-economic development and industrial structure observation.In 2019, the comprehensive contribution of China’s tourism industry to GDP was 10.94 trillion yuan, accounting for 11.05% of total GDP, reaching a record high since 2014. A new high. From 10.39% in 2014 to 11.05% in 2019, the combined contribution of China’s tourism industry to total GDP has steadily increased.
The steady increase in the combined contribution of China’s tourism industry to total GDP reflects the parallel development of China’s tourism industry and national economy on the one hand, and the tourism industry providing a driving force for the economy driven by domestic demand on the other.
Domestic tourism market during the National Day holiday
According to the tourism market data for the eight days of the National Day holiday released by China’s Ministry of Culture and Tourism, from 2013 to 2019, domestic tourism revenue during the National Day holiday grew year by year, but the growth rate showed an overall fluctuating downward trend, with tourism revenue exceeding 600 billion yuan in 2019, reaching 649.71 billion yuan, up 8.45% year on year. 637 million domestic tourists were received nationwide in 2020, with a Comparable caliber recovery of 79.0% year-on-year; to achieve domestic tourism revenue of 466.56 billion yuan, according to the comparable caliber recovery of 69.9% year-on-year.
From the number of tourists received around the National Day holiday, 2020, Henan Province ranked first in the country in terms of the number of tourists received, the province received a total of 72,449,800 tourists, an increase of 9.09% over the same period in 2019; Jiangxi received 68,097,500 tourists, ranking second in the country in terms of the number of tourists; Shanxi received 52,648,900 tourists, ranking third in the country. In addition, it is worth mentioning that as the most severely damaged by the epidemic, Hubei tourism industry recovered faster, 2020 October 1 to 8, the province received 52,825,900,000 tourists and achieved a comprehensive tourism income of 34.829 billion yuan, respectively, recovered to 82.74% and 72.26% of last year’s National Day holiday.
From the perspective of tourism revenue of each province, during the National Day holiday in 2020, Jiangsu, Jiangxi, and Guizhou provinces ranked among the top three in the country in terms of tourism revenue, achieving 51.255 billion yuan, 39.881 billion yuan, and 36.721 billion yuan respectively.
Trend analysis of China’s tourism industry
According to calculations by the China Tourism Research Institute, it is expected that for the whole year of 2020, the number of domestic tourist trips will grow negatively by 15.5%, with a year-on-year decrease of 932 million trips; domestic tourism revenue will grow negatively by 20.6%, with a yearly decrease of 1.18 trillion yuan in tourism revenue. By the end of 2020, the number of national tourists is expected to drop to 5.074 billion, and national tourism revenue to 4.55 trillion yuan.
However, in the future, with the further improvement of people’s living standards and the change of the consumer body and the concept of consumption, the demand for tourism will continue to increase, and the development prospects of tourism are broad and considerable. Therefore the forward-looking forecast is that by 2025, the number of domestic tourism will exceed 8.3 billion yuan and tourism revenue will be close to 10 trillion yuan.