Tourism investment in China is expected to see stable growth, with direct investment estimated to reach 1.25 trillion yuan ($191.5 billion) in 2016, according to a reported released on Sunday.
Tourism investment in 2015 surpassed 1 trillion yuan, up 42 percent year-on-year, and by 2020 the figure will double, according to the 2015 National Tourism Investment Report released by the China National Tourism Administration (CNTA) on Sunday, the Xinhua News Agency reported.
According to the report, domestic tourism investment in 2015 centered on the eastern region of the nation in such segments as rural tourism, online travel agencies, cruise liners and yachts.
Investment in the industry is dominated by the private sector, followed by governments and State-owned enterprises, Wu Wenxue, deputy director of the CNTA, told a conference in Jinan, East China's Shandong Province on Sunday.
Private investment in the tourism industry reached 577.9 billion yuan in 2015.
