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Thursday, May 25, 2006

Chinese and Indians Are Travelling

With the economical development, a lot of Chinese has extra money to spend on travelling. More and more Chinese can afford international trip (source):
As usual when something goes over big in China, the numbers are staggering. In 1995, only 4.5 million Chinese traveled overseas. By 2005 that figure had increased to 31 million, and if expectations for future growth are met or approached, even that gargantuan growth will be quickly dwarfed. Chinese and international travel industry experts forecast that at least 50 million Chinese tourists will travel overseas annually by 2010, and 100 million by 2020.


With the infrastructure impeovement and the briliant cultrure, more and more people from the outside visit China too. China received 47.11 million visitors in 2005 only. (Source) This number should not include the vistors from Hongkong, Macau and Taiwan.

The World Travel and Tourism Council (WTTC) has predicted that over the next decade China will become the second largest travel and tourism market in the world, after the United States. China received 120 million foreign tourists last year. This number should cover the Chinese visitors from Hongking, Macau and Taiwan. China's travel and tourism industry is expected to account for 2.3 per cent of total employment in 2006. The industry provides 17,383,000 jobs. The overall tourism income reached 768 billion yuan (96 billion US dollars). (Source).

India's tourism industry is growing too. India received 3.46 million and 3.92 million people in 2004 and 2005 respectively. (Source). There would be 6.9 million outbound tourists from India by 2006 with the growth set to expand at 5.7 percent annually. (Source)

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