As a result, the foreign exchange collected from tourism industry would be USD 8.8 billion less then expected in the whole year, RMB 203.7 billion in domestic travel market, and RMB 276.8 billion in overall industrial income.
He confessed that the goals set at the beginning of this year, RMB 600 billion income for the whole industry and 8.5% growth, were impossible to achieve. It would be the first year with negative growth in Chinese tourism industry since 1989.
He Guangwei added that CNTA had initiated a tourism revitalization plan which sets the 2nd half of 2003 and 1st half of 2004 as a period of "starting recovery", the 2nd half of 2004 as a period of "basic recovery", and year 2005 as "fully recovery" period.
CNTA has demanded relevant parties to well organize the 15th Convention of World Tourism Organization in China, the 10 + 3 Special Conference of Tourism Ministers in China, and the China International Tourism Fair to be held in Kunming, Yunnan Province. Moreover, CNTA asks Chinese travel agencies to facilitate promotions in Hong Kong-Macao market, Japan-South Korean market, Southeastern Asian market, and European-US market.
