China’s tourism industry welcoming billions of investment

%3CP%3E%3CFONT%20face%3DVerdana%3ELike%20other%20cultural%20industries%2C%20China%27s%20tourism%20sector%20has%20seen%20billions%20of%20dollars%20of%20investment.%20Leading%20the%20charge%20is%20the%20country%27s%20theme%20park%20industry%2C%20as%20well%20as%20online%20vacation%20rental%20services.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EA%20whole%20new%20world%20of%20fantasy%20and%20adventure.%20After%205%20years%20of%20construction%2C%20this%20June%2C%20the%20Shanghai%20Disney%20Resort%20will%20finally%20open%20its%20doors%2C%20adding%20momentum%20to%20the%20country%27s%20booming%20theme%20park%20industry.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EBefore%20the%20park%20officially%20opens%20to%20the%20public%2C%20total%20investment%20is%20expected%20reach%205%20and%20a%20half%20billion%20US%20dollars.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAccording%20to%20the%20China%20Tourism%20Academy%2C%20between%20the%20years%20of%202013%20and%2014%2C%20a%20total%20of%2014%20large%20theme%20parks%20opened%20in%20China.%20And%20by%2020-20%2C%20that%20number%20is%20expected%20to%20exceed%2060%2C%20totalling%20investment%20of%20more%20than%2020%20billion%20yuan.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22The%20Disney%20Resort%20will%20be%20a%20huge%20boost%20to%20the%20development%20of%20China%27s%20theme%20park%20industry%2C%20tourist%20attractions%2C%20and%20number%20of%20travel%20destinations.%20There%27s%20many%20ideas%20worth%20learning%20for%20reference.%20And%20huge%20projects%20like%20the%20Shanghai%20Disney%20park%20often%20attract%20huge%20investment%20worth%20billions%20and%20even%20tens%20of%20billions%20of%20yuan%2C%22%20China%20Tourism%20Academy%20president%20Dai%20Bin%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EBut%20the%20theme%20park%20industry%20isn%27t%20the%20only%20one%20booming%2C%20a%20large%20amount%20of%20investment%20is%20also%20pouring%20into%20vacation%20rental%20homes.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EMr.%20Yang%20in%20Beijing%20spent%2010%20months%20rebuilding%20his%20courtyard%2C%20knows%20as%20a%20Siheyuan%20in%20China%2C%20into%20this%20fascinating%20traditional%20Chinese%20style%20hotel.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHe%20now%20uses%20an%20online%20vacation%20rental%20platform%20to%20attract%20customers%2C%20and%20receives%20a%20considerable%20number%20of%20guest%20bookings.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22This%20mode%20developed%20quickly%20last%20year%20thanks%20to%20the%20development%20of%20new%20Internet%20technologies%20and%20the%20credit%20system.%20Many%20house%20owners%20could%20easily%20rent%20out%20their%20lodgings%20to%20a%20stranger%2C%20while%20strangers%20could%20easily%20find%20accommodation%20that%27s%20much%20warmer%2C%20larger%20and%20more%20comfortable%20for%20families%20than%20normal%20hotels%2C%22%20Chen%20Chi%2C%20CEO%20of%20Vacation%20Rental%20Service%20Xiaozhu.com%2C%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAccording%20to%20iResearch%2C%20the%20China%20vacation%20rental%20service%20Tujia.%20com%20received%20100%20million%20dollars%20in%20financing%20in%202014%2C%20and%20another%20300%20million%20dollars%20last%20year.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAnd%20other%20vacation%20rental%20services%20like%20Xiaozhu.com%20and%20Mayi.com%20also%20got%20more%20than%2010%20million%20dollars%20funding.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22This%20sector%20has%20huge%20market%20demand.%20We%20can%20see%20at%20present%2C%20this%20online%20vacation%20rental%20business%20has%20adequate%20fund%20in%20financing%2C%22%20Dai%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ELast%20year%2C%20China%27s%20tourism%20revenue%20exceeded%204%20trillion%20yuan.%20And%20the%20industry%20contributed%20more%20than%207%20trillion%20yuan%20to%20the%20country%27s%20GDP%2C%20accounting%20for%20over%2010%20percent.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28CCTV.com%29%3C/FONT%3E%3C/P%3E