In the three days leading up to the mid-autumn festival and National Day celebrations, tourism revenue was 342.24 billion yuan , marking a year-on-year increase of 125%. The number of trips also jumped by 76%, showing a strong bounceback for demand following last year’s Covid lockdown disruptions.Economic indicators out of China have pointed to a fragile and uncertain recovery, with more policy support likely needed to revive business confidence and spending.
CCTV also reported that sales at China’s major retailers and restaurants rose 8.3% in the first three days of the holiday versus a comparable period in 2022. Hotel and tourism orders at key online platforms rose more than 20%, the national TV network added.
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