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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
Faroe Islands prepare for summer rush by saying no to tourism in April
In a bid to tackle rising overtourism, the Faroe Islands is closing its doors to visitors next month, with a team of volunteers set to spend three days undertaking a number of tasks to prepare the country for its summer influx of visitors.
Kengo Kuma's wood market-inspired museum on track for summer opening
The Kengo Kuma-designed Odunpazarı Modern Museum (OMM) is slated to launch in Eskisehir, Turkey – the former "Turkic World" capital of culture – in June.
The Aon Center's new observatory will offer rare views of Chicago
The Hettema Group and architecture practice Solomon Cordwell Buenz (SCB) have been tapped to create a sky deck and visitor attraction at the Aon Center in Chicago, IL.
SeaWorld COO leaving company after 34 years
Following the conclusion of SeaWorld's search for a CEO, its chief operating officer, John Reilly, has announced he will be leaving the company at the end of this month following a 34-year tenure.
+ More news   
LATEST JOBS
Catering Manager
Welsh Water
Salary: £32,392 - £37,027
Job location: Conwy, UK
Retail Manager
The Silverstone Experience
Salary: Up to £30,000 pa
Job location: Silverstone, Towcester, UK
Human Resource Manager
Eureka
Salary: Circa £32,000 per annum
Job location: Halifax, UK
Assistant Director Visitor and Site Operations
Eureka
Salary: Circa £42,000 per annum
Job location: Halifax, UK
Attraction Manager - Conwy
Welsh Water
Salary: £39,966 - £46,960
Job location: Conwy, UK
Attraction Manager - Powys
Welsh Water
Salary: £39,966 - £46,960
Job location: Rhayader, UK
+ 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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