Chinese Tourism & Hospitality Industry Essay Sample

In Colorado. the Colorado loves California run has helped fuel the provinces economic system and generated increased province grosss. Direct grosss related to this peculiar selling scheme and indirect grosss have boosted the province economic system in a figure of different sectors. including the lodging market. touristry. retail. as Colorado continues to run for entry of California concerns into the market. Just last December. Mayor Hancock and Governor Hickenlooper. along with Tom Clark. CEO of the Economic Development Center. traveled to California in hopes to entice more California concerns.

The overall province is dawdling compared to the remainder of the US ; it’s overall GDP growing rates for 2010 remained comparatively dead at 1. 9 % . The state’s current unemployment rate is now the same as the US national norm. 8. 3 % ( hypertext transfer protocol: //www. colmigateway. com/default. asp ) .

The province must look to other beginnings for growing and without the Colorado loves California run. the economic system would hold floundered greater as the province experienced the loss of 3 major companies in 2011. Frontier Airlines. Century Link. and Vestas. although this scheme is debated by former executive of Denver Office of Economic Development Bill Lysaught. ( Raabe. Denver Post 7/8/2012 )

Colorado’s top industries include Tourism. Real Estate. IT. Professional Services. and Manufacturing ( Wong p. 11 Feb. 2008 Experience Wave. com ) . These economic benefits given the period of clip that the run has commenced. since 2009 ( World Wide Web. colovesca. com ) . exceed economic projections and thereby bring forthing the scheme to market Colorado even further. with negotiations of developing a direct flight from Denver to Shanghai. Much of California’s economic system has historically been boosted by the partnerships this province has fostered with Asia. peculiarly Japan & A ; China. with concentrated populations of Asiatic immigrants making 33. 9 % in San Francisco ( World Wide Web. quickfacts. nose count. gov/qfd/states ) . compared to the 5. 0 % US norm.

The latest figures from the World Tourism Organization predict the figure of Chinese international travelers will increase from 10 MM in 2000 to 100 MM by 2020 ( Xinhua. pg. 2 June 1. 2011. China News Daily ) and harmonizing to the CTA. in 2011. Chinese tourers exceed the predicted $ 55 Billion and spent $ 73 Billion in 2011 ( UNWTO World Tourism Barometer. May 29 2012. hypertext transfer protocol: //mkt. unwto. org/en/barometer ) . The bulk of these Chinese tourers are sing metropoliss such as New York. LA. and San Francisco. because these metropoliss besides have direct flights from major Chinese metropoliss. thereby funneling Chinese travellers to countries in the US familiar to them while doing the travel agreements comparatively easy.

This scheme of put ining a direct flight from major metropoliss in China to Denver is one of many schemes the province is presently set abouting to better the current economic conditions. and the greatest issue will be can Denver construct faster than competitory metropoliss while keeping the natural landscape that has historically attracted travellers to the province.

Reference List:

Michelle Wong. Tay McNamara. Sandee Shulkin. Chelseas Lettieri. and Vanessa Careiro hypertext transfer protocol: //www. bc. edu/content/dam/files/research_sites/agingandwork/pdf/publications/states/Colorado. pdf

World Wide Web. colovesca. com

US Census Bureau hypertext transfer protocol: //quickfacts. nose count. gov/qfd/states/00000. html hypertext transfer protocol: //quickfacts. nose count. gov/qfd/states/06/0667000. hypertext markup language

UNWTO World Tourism Barometer. May 29 2012. hypertext transfer protocol: //mkt. unwto. org/en/barometer

China Tourism Academy hypertext transfer protocol: //eng. ctaweb. org

China Daily. Chinese travellers altering universe touristry landscape
hypertext transfer protocol: //www. chinadaily. com. cn/china/2011-06/01/content_12624526_2. htm

Colorado Labor Market Gateway hypertext transfer protocol: //www. colmigateway. com/default. asp

Hotels. com Chinese International Travel Monitor 2012 hypertext transfer protocol: //press. hotels. com/en-gb/files/2012/07/Hotels. com-Chinese-International-Traveller-MapCITM. pdf

Denver Post. Business Steve Raabe hypertext transfer protocol: //www. denverpost. com/business/ci_21025257/wins-losses-create-debate-colorado-economic-development