Analysis On Effects Of Tourism Listed Companies In China To The Regional Economic Development

Tourism industry belongs to the service in the tertiary industry, the development andexpansion of tourism industry will not only promote the development of tourismeconomy, but also make contribution to their regional economic development, so as toboost the development of the national economy. Xin Jin Jiang, which was traded on theShenzhen stock exchange in June1993is the first tourism listed company in China, inJanuary2014, UTS travel go public, and then there are34tourism listed companies inChina, tourism has become an important segment of the stock market. Tourism listedcompanies in China by virtue of its large size and strong asset strength play an importantrole in China’s tourism industry and stock market, and they are important to thepromotion of tourism industry and regional economic development even the developmentof the national economy. For this reason, this paper take the annual report data of thetourism listed companies in China to make an empirical analysis of regional economiceffects of tourism industry, and give some recommendations of how to use tourism listedcompanies to promote economic development.First of all, define the tourism listed companies in China according to China’s listedcompanies industry classification guidance which was released by the China SecuritiesRegulatory Commission in2012, and make the analysis of its development history andpresent situation, divide its regional distribution: Eastern, Central and Western.Then, build the multiple linear regression model between China tourism listedcompanies`business total income and China domestic production worth GDP in base ofanalyze the regional economic effect of China tourism industry. The three regionaltourism listed companies have relation with the growth of national economy, amongthem, the central region is the most significant.Finally, make recommendations about how to make use of tourism listed companiesto promote the development of regional economic in China and the national economy,this research not only provide a reference to complete the theories of tourism listedcompanies and regional economic development, but also provide theoretical and practical basis to the regional tourism industry-related policy formulation and development oftourism listed companies in China.