Tourism revenues in China during the Lunar New Year holidays +47.3% y/y, above pre-Covid

Travel spending in China during the long Lunar New Year holidays beat pre-COVID levels and surged 47% y/y.We had early indications of improvement posted last week:China holiday traffic has surged in a positive sign for the economyFurther data from China's Ministry of Culture and Tourism showed:the number of domestic trips made during the holiday +34.3% y/y domestic tourism spending + 7.7% and domestic trips +19% in the 8-day 2024 holiday period compared to the 7-day 2019 Lunar New Year holiday (i.e. pre-pandemic) This article was written by Eamonn Sheridan at www.forexlive.com.

Feb 19, 2024 - 04:10
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Tourism revenues in China during the Lunar New Year holidays +47.3% y/y, above pre-Covid

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

We had early indications of improvement posted last week:

Further data from China's Ministry of Culture and Tourism showed:

  • the number of domestic trips made during the holiday +34.3% y/y
  • domestic tourism spending + 7.7% and domestic trips +19% in the 8-day 2024 holiday period compared to the 7-day 2019 Lunar New Year holiday (i.e. pre-pandemic)
This article was written by Eamonn Sheridan at www.forexlive.com.
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