China's Tourism Revenues Skyrocket During Lunar New Year Holidays

Sunday, 18 February 2024, 21:21
Travel spending in China surged by an impressive 47% year-on-year during the Lunar New Year holidays, surpassing pre-COVID levels. The data indicates a strong revival in domestic tourism, with a significant increase in the number of trips made and spending. This positive trend reflects a promising recovery in the Chinese tourism sector post-pandemic.

China's Booming Tourism Industry

Travel spending in China during the long Lunar New Year holidays beat pre-COVID levels and surged 47% y/y.

Key Findings:

  • Domestic trips made during the holiday increased by 34.3% y/y
  • Domestic tourism spending rose by 7.7% and domestic trips by 19% compared to the pre-pandemic 2019 period

This article was written by Eamonn Sheridan.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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