China Tourism Q1 2019
We hold a positive outlook for the Chinese tourism market over the medium-term to 2022, with supportive marketdynamics driven by a series of factors. Primarily, the government's 13th Five-Year Plan (2016-2020) targets the development ofinfrastructure and tourism, and we expect healthy momentum in the domestic and international arrivals scene as a result. Additionaldrivers supporting industry fortunes will include rising levels of disposable incomes among local Chinese tourists and Asia Pacificvisitors along with a robust construction pipeline backed by capital-intensive investment in transport and accommodation.
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