China reports ‘record’ holiday travel data. But consumer spending …

Feb 19, 2024 · A total of 474 million trips were made within mainland China during the Year of the Dragon travel season, up 34% compared to the same holiday in 2023 and 19% higher than in …

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China Reports ‘record’ Holiday Travel Data. But Consumer Spending …

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Feb 19, 2024 · A total of 474 million trips were made within mainland China during the Year of the Dragon travel season, up 34% compared to the same holiday in 2023 and 19% higher than in …

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China’s Lunar New Year Travel, Spending Boom Offer Positive Signs

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Tourism revenues in China during the eight-day holiday that ended Tuesday rose 7.0% in year-over-year terms, while the number of domestic trips rose 5.9%, state media reported.

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20 hours ago · Welcome to the Money blog as the Bank of England announces a cut in the base rate from 4.75% to 4.5%. You can submit a question for a live Q&A which starts at 4.30pm.

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China Touts Record Spending Over Lunar New Year Holiday

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15 hours ago · A record-breaking 187 million people went to the cinema over the holiday, lifting the box office to a record high of 9.5 billion yuan ($1.32 billion), according to data released by …

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FAQs about China reports ‘record’ holiday travel data. But consumer spending … Coupon?

Why did China report record-high tourism revenue & travel numbers during Lunar New Year?

Photo: Getty Images China reported record-high tourism revenue and travel numbers during the Lunar New Year holiday, offering a glimmer of hope for policymakers as they continue their efforts to boost sluggish domestic demand. ...

How much did Chinese tourists spend on Chinese Lunar New Year holidays?

During the eight-day Chinese Lunar New Year holidays that ended on Saturday, 474 million domestic trips were made, up 34.3 percent year-on-year, and the total domestic tourism spending jumped by 47.3 percent year-on-year to about 632.69 billion yuan ($87.95 billion), according to data released by the Ministry of Culture and Tourism (MCT) on Sunday. ...

How much did China spend on tourism this year?

Tourism spending surged by 7%, reaching 677 billion yuan ($93 billion), compared to the previous year. The average daily spending per trip was 168.9 yuan ($23.2) this year, according to a CNN calculation based on official data, a modest increase from last year’s 166.8 yuan ($22.9). ...

How does China's holiday affect travel bookings?

The report cited data from travel platforms showing that ticket orders for Chinese scenic spots on the first day of the holiday increased by 37 percent year on year, while bookings for homestays surged by 55 percent. ...

Is China's National Day a good holiday for tourism & consumption?

CFP China's National Day seven-day holiday began with a sharp rise in both travel and consumer spending, signaling a strong seasonal boost in economic activity. Multiple international media outlets highlighted that this surge served as a positive indicator for China's tourism and consumption sectors. ...

Is Chinese tourism more robust this year?

"Tourism has been indeed relatively more robust this year," Yang Yong, deputy director of the College of Economics and Management at East China Normal University, told the Global Times on Saturday, noting that the way Chinese people travel and consume during the holidays has changed a lot since 2019 due to the COVID-19 pandemic. ...