• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

China’s Golden Week travel not expected to return to pre-COVID levels this year

September 30, 2021 by David Barret Leave a Comment

September 30, 2021

By Sophie Yu and Brenda Goh

BEIJING (Reuters) – China’s Golden Week holiday this year is unlikely to see domestic travel rebound to pre-COVID levels, industry estimates show, hurt by uncertainty over pandemic curbs and consumer fears about the health of the economy.

The seven-day holiday from Oct. 1 to mark the founding of modern China is traditionally one of its busiest times for travel and is closely watched as a barometer of consumer demand in the world’s second-largest economy.

Chinese travel booking site LY.com said it is expecting some 650 million trips, about 80% of the number made for the same period in 2019 and the lowest level since 2017. That is only a tad higher than the 637 million trips made last year when the holiday was eight days long.

“The impact of COVID-19 is big and is long,” said Zhang Qidi, visiting researcher at the Center of International Finance Studies at the Central University of Finance and Economics in Beijing.

“Citizens are heavily indebted because of their home and car loans and that has resulted in a decline in disposable income.”

While China’s economy has rebounded from last year’s coronavirus-led slump, momentum in that recovery has slowed over the past few months – in part due to COVID-19 curbs imposed in several provinces and more recently due to power shortages.

For those who are travelling, cheaper shorter trips are in vogue.

Online searches for “niche travel destination” have surged in the run-up to the holiday, according to Chinese lifestyle site Little Red Book, and domestic online travel company Trip.com Group said last week that more than half of the tourists using its platform were preferring to take shorter distance trips.

“Going to fifth-tier cities is the new choice for the long holiday,” Trip.com said in a report, referring to some of the country’s least-developed and rural areas.

China’s commerce ministry said this month it would strengthen efforts to boost consumer spending. At least 20 local governments have handed out coupons that can used at shopping malls, convenience stores and restaurants to encourage spending from late September’s Mid-Autumn Festival through to Golden Week, state media has said.

(Reporting by Sophie Yu and Brenda Goh; Editing by Edwina Gibbs)

Source Link China’s Golden Week travel not expected to return to pre-COVID levels this year

David Barret
David Barret

Related posts:

  1. HPE signs multi-billion dollar NSA computing deal
  2. EU’s chief executive warns against ‘pandemic of the unvaccinated’
  3. Ghana’s economy grew by 8.9% in second quarter, president says
  4. U.S. chipmaker Micron forecasts first-quarter revenue below estimates

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • An Ominous Haze Lurks Over The Deadliest Volcano In US, But USGS Says A Repeat Of 1980 Isn’t Coming
  • Hayabusa2’s Target Asteroid Is 4 Times Smaller Than Thought – Can It Still Touch Down On It?
  • In 2011, Slavc The Wolf Journeyed 1,000 Miles To Begin Verona’s First Wolf Pack In 100 Years
  • Anyone Know What These Marine “Y-Larvae” Grow Into? Because Scientists Have No Clue
  • C/2025 A6 (Lemmon) Closest Earth Approach Is Next Month – Will We See It With The Naked Eye?
  • In 2013, A Volcanic Eruption Wiped Out Life On This Remote Island. Then, Somehow, Plants Reemerged
  • 1-Year-Old Orca Takes Out A Big Fat Seal In This Award-Winning – And Extremely Badass – Photo
  • Saturn And Neptune Will Reach Their Brightest In Days – And Look For Saturn’s Temporary Beauty Spot
  • Reindeer Bring A Gift Greater Than Any Of Santa’s – Hope Of A Stable Climate
  • If Deep-Sea Pressure Can Crush A Human Body, How Do Deep-Sea Creatures Not Implode?
  • Meet Ned: The Lonely Lefty Snail Looking For Love
  • “America Will Lead The Next Giant Leap”: NASA Announces New Milestone In Hunt For Exoplanets
  • What Did Neanderthals Sound Like?
  • One Star System Could Soon Dazzle Us Twice With Nova And Supernova Explosions
  • Unethical Experiments: When Scientists Really Should Have Stopped What They Were Doing Immediately
  • The First Humans Were Hunted By Leopards And Weren’t The Apex Predators We Thought They Were
  • Earth’s Passage Through The Galaxy Might Be Written In Its Rocks
  • What Is An Einstein Cross – And Why Is The Latest One Such A Unique Find?
  • If We Found Life On Mars, What Would That Mean For The Fermi Paradox And The Great Filter?
  • The Longest Living Mammals Are Giants That Live Up To 200 Years In The Icy Arctic
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version