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Beijing to spend US$147M on tourism upgrades.
Monday, 19th January 2009
Source : HVS International
According to the Chinese authorities, Beijing, China's capital, is expected to spend the funds between 2009 and 2010 on building new tourist attractions and upgrading existing tourist zones.

The city, which welcomed 4.36 million international visitors and 143 million domestic visitors in 2007, recorded a total of approximately US$26 billion in tourism revenue during the same year.

This forms around 7% of Beijing's gross domestic product. The authorities are targeting average growth rates of 7% and 5% for international tourism and domestic tourism, respectively, from 2009 to 2012.

In addition, Beijing is seeking to more than double its tourism revenue to approximately US$59 billion by 2012.

www.hvs.com

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