Published on : Saturday, November 23, 2013
China tourism market has gained momentum in recent years, with the CAGR of 26.2% between 2009 and 2012. In 2012, the revenue in China tourism industry approximated RMB2.6 trillion, up 15.1% year-on-year reported by China Market Research.
The Global Desalination Market 2013-2023 is a recent utility report that says primary drivers of the desalination market are increased urbanization / industrialization, water scarcity and inadequate or under maintained water infrastructure.
China tourism industry is made up of domestic tourism, inbound tourism and outbound tourism. In 2012, the population of domestic tourism stood at 2.957 billion person-times, accounting for 93.2%, with the revenue hitting RMB2.2706 trillion or 87.8%. It is estimated that the number of domestic tourists in 2013 will claim 3.275 billion person-times, standing at 95.3%, with the targeted revenue increasing by 15.4% year-on-year toRMB2.62 trillion.
In 2012, the top three tourism companies by revenue came to Overseas Chinese Town (Group) Co., Ltd., International Travel Group, and China CYTS Tours Holding; the top three ones by net profit margin were as follows: Lijiang Yulong Tourism (33.2%), Emei Shan Tourism Company Limited (19.9%), and Overseas Chinese Town (Group) Co., Ltd. (18.2%).
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