Customer Services Site Navigation Bookmark This Page Recommend This Page Make Us Your Homepage
  Home  China Hotels China Flights China Tours China Travel
Guides
China Travel
Tools
China Travel
Forums
China Travel
Directory
China Travel Handbook China Tourist Attractions China Destination Guides FAQ on China Travel China Maps China Travel News
Your Are Here: China Travel Home > China Travel Guides > China Travel News > News in 2004 > News in December, 2004 > Canadian skiing firm eyes resorts in China
Image of China Travel search Search our site:

China Travel News: | News in 2007 | News in 2006 | News in 2005 | News in 2004 |
| News in December, 2004 | News in November, 2004 |

Canadian skiing firm eyes resorts in China

Dec. 11, 2004
 
e-mail E-mail this page   print Printer-friendly page
 

Intrawest Corp., the company that owns the Whistler Blackcomb ski resort in western Canada, is in talks to develop skiing areas in China to tap demand for the sport among the country's growing middle class.

The world's largest publicly traded ski-resort operator is discussing a "number of different" projects to promote winter sports in the world's most populous country, according to Daniel Jarvis, head of Intrawest's leisure and travel unit.

"We're absolutely all over China," Jarvis said.

Intrawest operates mountain resorts such as California's Squaw Valley and Mont Tremblant in Quebec. By investing in the Chinese tourist industry, the company would gain greater access to wealthy Chinese customers for its resorts in North America. About 1.5 million Chinese take up skiing each year, according to Skipressworld.com.

China's economy expanded 9.1 percent in 2003, and now has a middle class estimated to number as many as 100 million people.

The number of Chinese millionaires increased by 12 percent in 2003, according to a report by the Canadian Broadcasting Corp.

"The climatic conditions there are right for long-term development but at the moment, Chinese millionaires come to the Rockies to ski - it's more exotic," said Georges Ducel, who manages a fund specialized in the sports sector for Tocque-ville Finance in Geneva.

Winter Olympics Yabuli, China's leading ski resort, is located near Harbin in the north of the country. About 110,000 people visited the area in 2000 and that figure could increase to 500,000 by 2010, according to estimates from the U.N. Industrial Development Organization.

By Hugo Miller, Bloomberg News

Return
Recommended China Travel Links

Customer Services Site Navigation Bookmark This Page Recommend This Page Make Us Your Homepage
About Us | Contact Us | Link To Us | Recommend Us | Partner With Us | Advertise With Us | Travel Link Exchange Program
Link Policy | Terms of Use | Tour Service Terms | Advertising Terms | Privacy Policy
World Travel Resources

©Copyright 1999-2005 ChinaTravel.com Inc. All rights reserved. Site Map.


powered by Big Mediumi