Accelerating overseas investments by China’s tourism companies is helping fuel China’s outbound growth, an industry expert pointed out as China National Tourism Administration (CNTA) revealed that the outbound travel boom continued during the May Day holiday, andSeoul, Bangkok and Tokyo were named the most popular destinations.
A tourism green paper published by the Chinese Academy of Social Science (CASS) indicated that tourism investment in China in 2015 skyrocketed 42% and reached 1.0072 trillion yuan. It was also noted in the green paper that nearly 4 billion domestic trips were made last year, generating 3.6 trillion yuan. Besides, Chinese travelers made 120 million outbound trips in 2015.
