The Chinese Sector That’s Still Hot
The global travel industry is on an uptrend, with China rapidly becoming one of the top travel markets in the world for both domestic and international travelers, according to my stock analysis.
To deal with the increased travel, the country has been steadily building its road, rail, and air infrastructure that will make traveling in the country much easier for both domestic and international travelers. China has spent hundreds of billions on its railroad.
“China is the most attractive place in the world right now for hotels. That’s why investment capital is racing there and why the major international brands are racing there too,” said Patrick Ford, president of U.S.-based Lodging Econometrics. (Source: time.com)
China is the fourth top destination for tourism, but it is expected to become the number one destination by 2020, according to the World Tourism Association.
According to a research report, “China Tourism Industry Forecast to 2012,” on traveldailynews.com, China will see major growth in its domestic travel from 2011 to 2013.