China’s inbound tourism revenue projected to reach US$470 billion by 2040: UBS

China's inbound tourism revenue is projected to reach a significant US$470 billion by 2040. This growth is expected to help offset weak domestic demand, making it a vital contributor to the country's economy. The expansion of tourism from outside mainland China is forecast to reach 1.5 per cent of China's gross domestic product by 2040, with a compound annual growth rate of 8.9 per cent from 2025.

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China's inbound tourism revenue is expected to more than double by 2040, which could boost the country's economy. This growth could lead to increased investment and job creation in the tourism sector.

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to South China Morning Post. For information only — not financial advice.