Global tourism revenue charts steady path, study shows
China DailyChina has once again ranked second in the world in terms of tourism revenue, according to a report released in early January. The report on the global tourism economy was jointly developed by the World Tourism Cities Federation and the Tourism Research Center of the Chinese Academy of Social Sciences. In 2017, outbound tourism from the US to China reached $35.5 billion, an increase of 4.1 percent year-on-year, but still 6.3 percentage points lower than in 2016, according to the report. The global tourism market saw 12.31 billion traveler visits in 2019, an increase of 4.6 percent year-on-year, the report says. But strong demand and an increasing regional focus on tourism development are still likely to keep the global tourism economy growing at a rate of 3.6 percent, the report says.