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    Home»Hotels»Travel & Tourism Sector Forecast to Hit a Record ¥13.7TN This Year
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    Travel & Tourism Sector Forecast to Hit a Record ¥13.7TN This Year

    adminBy adminMay 9, 2025No Comments4 Mins Read0 Views
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    Hong Kong, China – The World Travel & Tourism Council (WTTC) today unveiled its latest Economic Impact Research (EIR), revealing that China is powering ahead as one of the world’s most dynamic Travel & Tourism markets, marking a significant comeback and long-term growth trajectory.

    In 2025, China’s Travel & Tourism sector is forecast to contribute a record ¥13.7TN to the national economy, the highest level ever and 10.3% above pre-pandemic, and support more than 83MN jobs, with an additional 1.3MN jobs created this year alone.

    While this is still nearly 1MN jobs below pre-pandemic highs, the sector is rapidly closing the gap.International visitor spending is projected to rise by nearly ¥33BN – 13% above 2019, while domestic spending is forecast to increase by over ¥1.1TN, reaching ¥7TN, further cementing China’s strength as a global Travel & Tourism leader.

    Look Back at 2024

    Last year, the sector contributed almost ¥12TN to China’s economy, a 23% increase on the previous year, and supported over 82MN jobs — nearly one in every nine across the country.

    Following one of the world’s longest border closures, international visitor spending in China surged to a record ¥1TN in 2024, a 66% year-on-year increase and almost 10% above 2019 levels.

    Domestic travel continued to dominate, accounting for more than 85% of all tourism spending, reaching ¥5.9TN. China’s market has been leading global tourism recovery even in the face of economic uncertainty, thanks to a growing demand from 1.4BN residents.

    China’s strength is not just domestic travel. The focus on infrastructure investment and visa facilitation as well as a global brand position is driving the recovery of China’s economy.

    Everything is pointing in the right direction for China’s Travel & Tourism sector. Jobs are catching up, international visitor spending hit a record ¥1TN last year, and the outlook for 2025 is strong. While 2024 wasn’t without its challenges with an uneven recovery – international travel spend exceeded pre-pandemic levels. Recent initiatives, like the extension of visa-free entry to international tourists and refunds on purchases for international travelers, demonstrate a forward-looking and smart strategy. This is long-term thinking in action, focused on competitiveness, experience, and re-establishing China’s position as a global Travel & Tourism leader. Julia Simpson, WTTC President & CEO

    Vision 2035 – A Global Powerhouse

    By 2035, WTTC forecasts that China’s Travel & Tourism sector will contribute over ¥27TN to the economy, 14% of total GDP, and will grow at twice the rate of the overall economy at 7%.

    Travel & Tourism will support more than100MN jobs, adding nearly 20MN new roles over the next decade.

    Domestic visitor spending is expected to reach just under ¥14TN while international visitor spending is projected to rise to ¥1.5TN, reflecting the country’s strengthened global connectivity and appeal.

    China’s investment in infrastructure and digital transformation as well as destination development has helped it become a global leader in modern and sustainable tourism.

    As global tourism rebuilds, the data points to a sector that is not just recovering – its redefining the future of global Travel & Tourism.

    Editor’s Notes

    • All figures are in CNY

    Visit the WTTC website for more information, and to download a full copy of this factsheet including WTTC’s latest Environmental Social Research. WTTC’s Research Hub.

    What WTTC is About

    The World Travel & Tourism Council (WTTC) represents the global travel & tourism private sector. Members include 200 CEOs, Chairs and Presidents of the world’s leading travel & tourism companies from all geographies covering all industries. For more than 30 years, WTTC has been committed to raising the awareness of governments and the public of the economic and social significance of the travel & tourism sector.

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