The industry hotspots of investment would be the indicator of capital flows in the capital markets. Besides M&A of listed companies appeal the trends of the industry. This article summarized all the investment deals of listed companies of tourism industry，including 28 companies in A-share market，3 companies in Hong Kong stocks and 3 US stocks. Then this article analyzed development trends of the subdivided areas，including companies of natural scenic spots，theme spots，tourism service，hotel，duty free and food & beverage.