China Tourism Q3 2018
The short- and medium-term trajectory of the Chinese tourism sector remains bright with a number of positive driversunderpinning our healthy five-year outlook. The government's 13th Five Year Plan (2016-2020) has targeted the development ofinfrastructure and tourism; and we expect healthy momentum in the domestic and international arrivals scene over the forecastperiod. Rising spending powers and domestic consumption levels will nurture the massive internal tourism industry. Furthermore,growing regional sending powers in key source markets coupled with demand for international travel will support a growing numberof Asia-Pacific tourists onto Chinese shores. The country’s robust construction pipeline remains buoyant and the high capitalinvestments into transportation and accommodations development will further bolster the fortunes of the industry out to 2022 andbeyond.
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