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China-U.S. Tourism on Growth Trajectory: Chinese Travel CEO
According to CEO of China's top online travel service provider, China-U.S. tourism is on a growth trajectory and can help promote closer people-to-people links between the two countries.
China-U.S. tourism is on a growth trajectory and can help promote closer people-to-people links between the two countries, CEO of China's top online travel service provider has said.

The provider sees huge growth potential for Chinese tourists traveling to the United States, Jane Sun said at Columbia University Business School's Chazen Institute of Global Business event in New York earlier this week.

Last year, a record of 1.3 million people booked air tickets to the United States on the provider, she said. The company served in 2016 more than 160,000 Chinese tourists who traveled to the U.S. by providing package tours and other tour products, she added.

"People are entrepreneurial in China and want to explore opportunities in other markets. That's why there is a lot of demand for travel from China to Australia, Europe, New Zealand and the U.S. along with other areas," said Sun, who was recently rated by Forbes China as one of China's most powerful business women.

The provider made strategic investment in three U.S. tour operators to support the demand by Chinese for trips to the United States last year.

Sun said that there was still room for growth and that her company wanted to further expand its market share.

"I have lived in both the United States and China and I cherish the friends I have in both nations. Travel can be a bridge between the two countries," she said.

The provider, which had an initial public offering on the Nasdaq in 2003, is an industry heavyweight with over 30,000 employees and market valuation of about 25 billion dollars.

Statistics showed that the number of Chinese tourists traveling to the U.S. jumped by 14.7 percent in the first three quarters of last year from a year earlier, while the number of American tourists traveling to China increased by 7.3 percent during the same period.
  Source: ecns

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