India eases processing FDI proposals
Keppel Urban Solutions launched
New eco-friendly resort in Mandai
The Cashew Kingdom of Vietnam
Sheraton Grand Lahore to open in 2021
Belt Road Initiative and Supply Chain
Civil registration and vital statistics
Platform for Geostrategic Collaboration
IFC, TMB support ACLEDA Bank Lao
Singapore retail sales August 2017
ADB, NDB discuss project cofinancing
Jaya Hotels & Residences launched
CPPIB invests in partnership with Keppel
Commodity dependence worsens
More sustainable enterprises and jobs
Odhisa attracts public & private investors
Consumer confidence in Asia high
September data for Hong Kong hotels
The Ritz Carlton, Koh Samui opens
More than 7% increase in air travel
Migrating to opportunity in ASEAN
Bali nears 4 million foreign tourists
Second Hop Inn in the Philippines
India must seize leadership opportunity
Double-digit demand growth freight
GIC buys stake in Sheraton Tokyo Bay

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In 2008 China recorded a total tourism revenue of approximately US$169.5 billion, a 5.8% year-on-year increase according to the China National Tourism Administration (CNTA).

This tourism revenue includes US$127.9 billion generated from domestic travellers and US$41.6 billion from international travellers, compared to US$113.6 billion and US$45.8 billion, respectively, in 2007. The figures revealed that domestic tourism is still sustainable while inbound tourism has declined amid the global economic downturn.

In 2008, China welcomed approximately 130 million inbound travellers, including those from Hong Kong, Macau and Taiwan, a 1.4% drop compared to 2007. Despite the global economic crisis, China's outbound tourism improved to 45.8 million outbound tours in 2008, an 11.9% increase compared to 2007, due mainly to the yuan appreciation of the Chinese yuan which increased Chinese citizens' purchasing power.

Source: HVS International, Asia Pacific Newsletter February 2009