China's Travel & Tourism sector set to recover by more than 60% this year, reveals WTTC
12/21/2021|12:30:52 PM|Market Screener

New research from the World Travel & Tourism Council (WTTC) reveals the recovery of China's Travel & Tourism sector has soared ahead of many major tourism markets such as France and the U.S., and ahead of the global recovery.

Before the pandemic struck, China's Travel & Tourism sector's contribution to the nation's GDP represented CNY 11.5 trillion (11.6% of the total economy).

In 2020, when the pandemic brought international travel to a grinding halt, China's Travel & Tourism sector's contribution to the national economy fell by almost 60%, representing a decrease of CNY 6.9 trillion.

However, according to the research, and based on the current rate of recovery, the sector's contribution to the country's GDP could see a year on year increase of 60.7% this year.

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