WU QIANG

Executive Director & Executive Deputy General Manager HONG KONG CHINA TRAVEL INTERNATIONAL INVESTMENT CO., LTD.
WuQiangiscurrentlyExecutiveDirectorandExecutiveDeputyGeneral Manager of Hong Kong China Travel International Investment Co., Ltd. He joined the Hong Kong China Travel Service Corporation (CTS) in 2006. From January 2010 to August 2015, he was Deputy General Manager of Strategic Development Department of China Travel Service (Group) Co., Ltd. He successively served as Deputy General Manager of Windows of The World in Shenzhen Co., Ltd. from August 2015 to December 2016, and General Manager of Shenzhen Splendid China Co., Ltd. from December 2016 to October 2018.
Speaker’s sessions
Mon, Oct 14, 09:00AM - 12:15PM

Panel Session 2: Potential of Chinese Tourism Investment & Cooperation Opportunities in “Belt and Road” Projects

SI: English & Putonghua

In recent years, China’s tourism investment has been increased continuously at an average growth rate of over 40%. By 2020, with the total number of trips made by Chinese citizens estimated to reach 6.7 billion, the total revenue of China's tourism industry is expected to exceed 7 trillion Yuan while tourism investment will reach 2 trillion Yuan. Huge demand generates enormous opportunities of investment. What are the industries or projects that may be favored by Chinese tourism investment in the next five years?  

With the promotion of the “Belt & Road” initiative and high-speed growth of Chinese outbound tourist flows, investment and M&A by Chinese companies have shown increased significantly. How do Chinese investment organizations evaluate the potential of “Belt & Road” countries? What types of tourism projects will most likely attract investment from Chinese companies?