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China's government plans US$19.5bn investment into Beihai tourism
POSTED 18 Sep 2018 . BY Tom Anstey
In a bid to boost tourism in the region, China's government has announced plans to invest CN¥134bn (US$19.5bn, €16.7bn, £14.8bn) across 17 major entertainment and culture projects on the South China coast.

Based around the southern Chinese coastal city of Beihai, three of the projects are worth more than CN¥10bn (US$1.5bn, €1.3bn, £1.15bn), with a further seven costing between CN¥2bn (US$300m, €256.5m, £228.4m) and CN¥10bn. The final seven will be worth up to CN¥2bn.

Tourism is a major part of Beihai's economy. In 2017, the city welcomed 30.7 million domestic tourists, an increase of 24 per cent on the previous year's figures. In 2017, visitors to Beihai spent CN¥36.5bn (US$5.3bn, €4.5bn, £4bn) – an increase of 28 per cent.

The city is in the country designated by the government as a "China Excellent Tourism City". The China National Tourism Administration named the destination for its unique natural and tourism resources related to the sea, including its sandy beaches, easily accessible islands, large seafood markets, coral reefs, marine life, forests, and an aquarium specialising in shellfish and coral.

The majority of the funding will be used to build five major tourism complexes, which will be worth a combined CN¥99.5bn (US$14.5bn, €12.4bn, £11bn).

China's ongoing theme park boom will be given a further boost, with the plans including three new parks. These will be developed at a cost of CN¥5bn (US$728m, €622.8m, £554.2m).

There will also be investment into tourist infrastructure, with CN¥11.5bn (US$1.7bn, €1.45bn, £1.3bn) allocated towards these improvements, which include high-end hotels, recreational facilities, sports arenas and improvements to the local airport to allow for an increase in the number of daily flights.

"The investment and construction of these facilities meet the requirements for the upgrade and development of Beihai's tourism industry," said a statement from the Beihai Tourism Development Commission (BTDC).

"They are of great significance for making up for the city's current shortcomings in terms of what can be offered to the traveler or visitor, expanding the range of tourism-related offerings, improving the overall level of tourism services, and speeding up the transformation of the local tourism sector into a new CN¥100bn (US$14.5bn, €12.5bn, £11bn) a year industry."

A number of international hotel groups have already agreed in principal to open properties in Beihai, including Sheraton, Hilton, Marriott, Intercontinental and Wyndham. According to the BTDC, this will lead to construction of further hotel developments by other major international brands in the future.

The investment, says the government is only the start for Beihai, with plans to invest hundreds of millions of yuan annually to offer continuous support for further development of the region's aviation facilities.
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NEWS
China's government plans US$19.5bn investment into Beihai tourism
POSTED 18 Sep 2018 . BY Tom Anstey
In a bid to boost tourism in the region, China's government has announced plans to invest CN¥134bn (US$19.5bn, €16.7bn, £14.8bn) across 17 major entertainment and culture projects on the South China coast.

Based around the southern Chinese coastal city of Beihai, three of the projects are worth more than CN¥10bn (US$1.5bn, €1.3bn, £1.15bn), with a further seven costing between CN¥2bn (US$300m, €256.5m, £228.4m) and CN¥10bn. The final seven will be worth up to CN¥2bn.

Tourism is a major part of Beihai's economy. In 2017, the city welcomed 30.7 million domestic tourists, an increase of 24 per cent on the previous year's figures. In 2017, visitors to Beihai spent CN¥36.5bn (US$5.3bn, €4.5bn, £4bn) – an increase of 28 per cent.

The city is in the country designated by the government as a "China Excellent Tourism City". The China National Tourism Administration named the destination for its unique natural and tourism resources related to the sea, including its sandy beaches, easily accessible islands, large seafood markets, coral reefs, marine life, forests, and an aquarium specialising in shellfish and coral.

The majority of the funding will be used to build five major tourism complexes, which will be worth a combined CN¥99.5bn (US$14.5bn, €12.4bn, £11bn).

China's ongoing theme park boom will be given a further boost, with the plans including three new parks. These will be developed at a cost of CN¥5bn (US$728m, €622.8m, £554.2m).

There will also be investment into tourist infrastructure, with CN¥11.5bn (US$1.7bn, €1.45bn, £1.3bn) allocated towards these improvements, which include high-end hotels, recreational facilities, sports arenas and improvements to the local airport to allow for an increase in the number of daily flights.

"The investment and construction of these facilities meet the requirements for the upgrade and development of Beihai's tourism industry," said a statement from the Beihai Tourism Development Commission (BTDC).

"They are of great significance for making up for the city's current shortcomings in terms of what can be offered to the traveler or visitor, expanding the range of tourism-related offerings, improving the overall level of tourism services, and speeding up the transformation of the local tourism sector into a new CN¥100bn (US$14.5bn, €12.5bn, £11bn) a year industry."

A number of international hotel groups have already agreed in principal to open properties in Beihai, including Sheraton, Hilton, Marriott, Intercontinental and Wyndham. According to the BTDC, this will lead to construction of further hotel developments by other major international brands in the future.

The investment, says the government is only the start for Beihai, with plans to invest hundreds of millions of yuan annually to offer continuous support for further development of the region's aviation facilities.
MORE NEWS
Snøhetta and Blight Rayner selected to design AU$150m theatre in Australia
Architecture firms Snøhetta and Blight Rayner have won an international competition to design an AU$150m (US$103.8m, €90m, £81.4m) theatre for the Queensland Performing Arts Centre (QPAC) in Brisbane, Australia.
Kew Gardens opens giant natural play zone
Inspired to encourage children to develop a lasting relationship with plants and nature, Royal Botanic Gardens, Kew in London is all set to open its giant new Children’s Garden to the public this weekend (18 May).
IAAPA returns to Shanghai in June with rebranded Asian expo
Formerly the Asian Attractions Expo, (AAE) the newly-rechristened IAAPA Expo Asia (IEA) takes its first steps under its new name from 11-14 June.
17th annual Museums and Heritage awards honour 'innovative and ground-breaking initiatives'
The winners of the Museums + Heritage Awards were announced in London last night (15 May), with museums large and small being honoured and Sir David Attenborough picking up a Special Recognition Award.
+ More news   
LATEST JOBS
Interpretation and Engagement Manager
Chatsworth House
Salary: Competitive
Job location: Bakewell, UK
Children's Garden Hosts
Royal Botanic Gardens Kew
Salary: £18,589 per annum pro rata
Job location: Richmond, UK
Duty Manager
Dinotropolis
Salary: £20-£25K depending on experience.
Job location: Dartford, UK
Operations Manager
Wild Life
Salary: Competitive
Job location: Whitsundays QLD, Australia
Head of Central Scheduling and Planning
Merlin Entertainments Group
Salary: Competitive
Job location: Goshen, New York, USA
Strategic Account Sales Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Goshen, New York, USA
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

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