Asset securitization has gradually become one of the important financing methods for tourism enterprises in China. It has experienced three stages：initial development，rapid growth，and deepening development. According to the different types of basic assets，the asset securitization of tourism has formed the mode of entry voucher，the mode of secondary consumption，the mode of comprehensive development，and the mode of hotel assets. However，tourism assets securitization projects are issued on a smaller scale，and there is a lot of space for development. In addition，due to the diversity of participants and the complexity of the process，there are operational risks，credit risks，financial risks，and policy risks in the process of tourism asset securitization. Hence，four suggestions are proposed to avoid systemic credit risks，which includes clarifying the ownership of tourism basic assets，improving the management system of tourism enterprises，enhancing the professional ability of intermediary institutions，and strengthening institutional support of tourism assets securitization.