China’s Golden Week Travel Spending Lags Pre-Pandemic Levels The enthusiasm for travel among Chinese citizens during the National Day Golden Week holiday period, which concluded recently, was palpable. Despite the lingering impact of the pandemic, people showcased a strong desire to explore domestic destinations. However, there was a noticeable reluctance when it came to spending […]
China’s Golden Week Travel Spending Lags Pre-Pandemic Levels
The recent data surrounding China’s National Day Golden Week holiday underscores significant trends in consumer behavior and economic sentiment. While 765 million domestic trips were taken during the week-long holiday, reflecting a year-on-year increase of 5.9%, the overall travel spending reached 700.82 billion yuan, or approximately $99.3 billion, marking a 6.3% rise compared to last […]