China New Yr Journey Spending Beat Pre-COVID Ranges

Excerpt from Reuters

The huge crowds in Shanghai Railway Station forward of this 12 months’s vacation communicate to what Chinese language officers mentioned on Sunday ended UP being a surge in journey spending over the Lunar New Yr to ranges even larger than earlier than COVID.

It’s seemingly a welcome signal for Beijing because the Chinese language economic system loses steam.

The vacation is the busiest yearly journey migration on the planet and by the finish of the eight-day span on Saturday, 474 million vacationer journeys have been made, up 34% from the identical time a 12 months in the past.

Chinese language officers say not solely was tourism spending up by round 50% over 2023,

It was up 7% over this time in 2019, earlier than the pandemic.

Income per journey although, has remained beneath pre-COVID ranges.

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