Foreign businesses will be able to participate in commercial tourism development projects and invest in tourism products and facilities in Beijing.
Lack of diversity of visitor source markets compared to non-Asian destinations make Asian markets vulnerable to adverse changes in regional tourism.
Beijing is ranked 14th globally and 2nd regionally in terms of the number of international conferences held in 2014, according to ICCA.
Hurun report on luxury travel reveals that those Chinese luxury travelers who spend over RMB200,000 per capita for a total of 33 days on average in 2014.
Italy has now become one of the top European destinations for Chinese tourists with 4 million arrivals expected this year.
Visa application for Chinese visitors are being simplified by Singapore, Canada and Indonesia, and Germany.
China welcomed 4% more inbound visitors in Q1, totaling 31.38 million and inbound tourism receipt totaled US$12.8 billion.
China’s tourism industry recieved RMB1.12 trillion in revenue in Q1 2015, an increase of 14.7% y-o-y.
