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An Economic Analysis and Relocation of China's Travel Service Industry

Wei Xiang

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Abstract

China's travel service industry develops under specific economic and political environment.It has witnessed the transformation from planned economy to market economy.The industry has encountered quite a few problems during this period,such as loss of core-competition capability,unilateral product,lack of economic efficiency in organization,too small in scale and so on.Based on the theory and practice of tourism economics and starting from the trend of China's present and future macroeconomy,the authors probe and analyze the tendency of the future development of China's travel service industry,which is manifested by two aspects:the enterprises developing more deeply into industry chain and the products developing towards consumptive disparity.

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China's travel service industry develops under specific economic and political environment.It has witnessed the transformation from planned economy to market economy.The industry has encountered quite a few problems during this period,such as loss of core-competition capability,unilateral product,lack of economic efficiency in organization,too small in scale and so on.Based on the theory and practice of tourism economics and starting from the trend of China's present and future macroeconomy,the authors probe and analyze the tendency of the future development of China's travel service industry,which is manifested by two aspects:the enterprises developing more deeply into industry chain and the products developing towards consumptive disparity.

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Available abstract

China's travel service industry develops under specific economic and political environment.It has witnessed the transformation from planned economy to market economy.The industry has encountered quite a few problems during this period,such as loss of core-competition capability,unilateral product,lack of economic efficiency in organization,too small in scale and so on.Based on the theory and practice of tourism economics and starting from the trend of China's present and future macroeconomy,the authors probe and analyze the tendency of the future development of China's travel service industry,which is manifested by two aspects:the enterprises developing more deeply into industry chain and the products developing towards consumptive disparity.

Key concepts: Relocation, China, Tourism, Tertiary sector of the economy, Competition (biology), Business, Service (business), Service economy

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