The World Travel & Tourism Council (WTTC), today shed light on the substantial resurgence of China’s Travel & Tourism sector.
According to WTTC’s latest Economic Impact Research, China’s Travel & Tourism sector is predicted to contribute $1.48TN to the national economy by the end of 2023, up over 150% from 2022, when the sector contributed $583BN to the economy.
Ten years from now, WTTC forecasts that the sector will contribute over $4TN to China’s economy, demonstrating remarkable growth, outpacing global CAGR by almost 2:1.
