Tourism investment up 42% to $154.3 billion last year

A member of staff waves as she welcomes people coming to Disney Town of Shanghai Disney Resort in Shanghai, April 26, 2016. Shanghai Disney Resort will officially open on June 16. [Photo/Agencies]

China's tourism sector saw 1.01 trillion yuan ($154.3 billion) in investment last year, up 42 percent from a year earlier, according to a report released by China National Tourism Administration on Sunday.

Investment in the country's tourism sector may reach 1.25 trillion yuan this year and double to 2 trillion yuan by 2020, predicted the 2015 China Tourism Investment Report.

Last year, the industry continued on a diversified investment mode, with private capital playing the bigger role, said Wu Wenxue, deputy director of China National Tourism Administration.

In 2015 private enterprises invested 577.9 billion yuan in the tourism sector, accounting for 57.4 percent of total investment.

There were 2,057 one-billion-yuan projects, accounting for 62.6 percent of all the projects. A total of 630.5 billion yuan was invested on these projects.

Five-billion-yuan projects and 10-billion-yuan projects took up 27.4 percent and 15.9 percent respectively.

Investment value of Shanghai Disney Resort, Shandong Double Island Bay Resort and Tangshan Bay international tourism island all exceeded 20 billion yuan.

The focal points of investment include village tourism, online tourism, cruise tourism and sports tourism, the report added. In the future, more capitals are expected to flow into leisure resort, intelligent tourism, culture tourism and health tourism.