China's travel and tourism bouncing back

BTN News
Sunday, 20 February 2022
New research from the World Travel and Tourism Council (WTTC) has revealed China’s Travel & Tourism sector’s contribution to GDP could reach CNY11 trillion this year, just 5.2 per cent short of pre-pandemic levels.

In 2019, before the pandemic struck, China’s Travel and Tourism sector contributed CNY11.5 trillion to GDP (11.6 per cent of the country’s economy).

However, in 2020 the pandemic had a major impact on the sector and Travel & Tourism’s contribution to the Chinese economy fell by a staggering 59.9 per cent, to CNY4.6 trillion.

Latest research from the global tourism body shows that as the national economy begins to recover, the contribution of the sector to the country’s economy and jobs could reach almost pre-pandemic levels this year. 

WTTC research shows that if China, with more than 87per cent of its population already fully inoculated, begins to ease restrictions throughout the year, the sector’s contribution to GDP could reach CNY11 trillion in 2022, just 5.2 per cent behind pre-pandemic levels.

China's travel and tourism bouncing back

BTN News
Sunday, 20 February 2022
New research from the World Travel and Tourism Council (WTTC) has revealed China’s Travel & Tourism sector’s contribution to GDP could reach CNY11 trillion this year, just 5.2 per cent short of pre-pandemic levels.

In 2019, before the pandemic struck, China’s Travel and Tourism sector contributed CNY11.5 trillion to GDP (11.6 per cent of the country’s economy).

However, in 2020 the pandemic had a major impact on the sector and Travel & Tourism’s contribution to the Chinese economy fell by a staggering 59.9 per cent, to CNY4.6 trillion.

Latest research from the global tourism body shows that as the national economy begins to recover, the contribution of the sector to the country’s economy and jobs could reach almost pre-pandemic levels this year. 

WTTC research shows that if China, with more than 87per cent of its population already fully inoculated, begins to ease restrictions throughout the year, the sector’s contribution to GDP could reach CNY11 trillion in 2022, just 5.2 per cent behind pre-pandemic levels.