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WTTC signals continued growth and room for improvement in new report for China and SARs
Apr 26, 06 | 7:56 am
The World Travel & Tourism Council (WTTC) presented today its brand new report on China, China Hong Kong SAR and China Macau SAR: The Impact of Travel & Tourism on Jobs and the Economy to China National Tourism Administration (CNTA) and Beijing Tourism Authority (BTA) as well as over 100 representatives from the Travel & Tourism and media community of Beijing.
Just three years after releasing its groundbreaking report on Travel & Tourism in China and Hong Kong SAR, WTTC has found it necessary to follow up that work and produce an update for one simple and compelling reason – within ten years China will become the second largest Travel & Tourism economy in the world.
The research contains economic projections for the growth of Travel & Tourism in China and a series of policy recommendations intended to maximize the potential of Travel & Tourism to the country's economy and tap its position as a leading catalyst for economic development and job creation.
At the launch in Beijing, WTTC President Jean-Claude Baumgarten said, “Although we would normally wait five or even ten years before returning to a country to update the report, it is clear that China’s Travel & Tourism industry is moving at the speed of light. The Members of WTTC asked us to return after just three years to update the TSA research and forecasts and follow up on the policy recommendations that were made in 2003 and provide even deeper analysis and policy discussion. We’re all running very fast to keep up with the changes that are taking place here, in Hong Kong and Macau and this new report is right in tune and right in time to add more food for thought and help focus our attention on the next round of issues that must be raised in order to keep Travel & Tourism in China growing.”
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