• 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

  • Entirely New Virus Detected In Bat Urine, And It’s Only The 4th Of Its Kind Ever Isolated
  • The First Ever Full Asteroid History: From Its Doomed Discovery To Collecting Its Meteorites
  • World’s Oldest Pachycephalosaur Fossil Pushes Back These Dinosaurs’ Emergence By 15 Million Years
  • The Hole In The Ozone Layer Is Healing And On Track For Full Recovery In The 21st Century, Thanks To Science
  • First Sweet Potato Genome Reveals They’re Hybrids With A Puzzling Past And 6 Sets Of Chromosomes
  • Why Is The Top Of Canada So Sparsely Populated? Meet The “Canadian Shield”
  • Humans Are In The Middle Of “A Great Evolutionary Transition”, New Paper Claims
  • Why Do Some Toilets Have Two Flush Buttons?
  • 130-Year-Old Butter Additive Discovered In Danish Basement Contains Bacteria From The 1890s
  • Prehistoric Humans Made Necklaces From Marine Mollusk Fossils 20,000 Years Ago
  • Zond 5: In 1968 Two Soviet Steppe Tortoises Beat Humans To Orbiting Around The Moon
  • Why Cats Adapted This Defense Mechanism From Snakes
  • Mother Orca Seen Carrying Dead Calf Once Again On Washington Coast
  • A Busy Spider Season Is Brewing: Why This Fall Could See A Boom Of Arachnid Activity
  • What Alternatives Are There To The Big Bang Model?
  • Magnetic Flip Seen Around First Photographed Black Hole Pushes “Models To The Limit”
  • Something Out Of Nothing: New Approach Mimics Matter Creation Using Superfluid Helium
  • Surströmming: Why Sweden’s Stinky Fermented Fish Smells So Bad (But People Still Eat It)
  • First-Ever Recording Of Black Hole Recoil Captured During Merger – And You Can Listen To It
  • The Moon Is Moving Away From Earth At A Rate Of About 3.8 Centimeters Per Year. Will It Ever Drift Apart?
  • 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