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China's New Year tourism revenues surpassed pre-pandemic levels

According to official data, China's travel activity and expenditures surpassed pre-pandemic levels during the Lunar New Year holiday.

Haber Giriş Tarihi: 19.02.2024 11:18
Haber Güncellenme Tarihi: 19.02.2024 11:18
Kaynak: Bloomberg
China's New Year tourism revenues surpassed pre-pandemic levels

According to data released by the country's Ministry of Culture and Tourism on Sunday, during the eight-day Lunar New Year holiday, there were approximately 474 million domestic trips, marking a 34.3% increase compared to the previous year.

The data also indicated that tourists spent around 632.7 billion yuan (87.95 billion dollars) on domestic holiday trips, reflecting a yearly increase of 47.3%. Both measurements were above the levels of 2019.

According to the National Immigration Administration, China witnessed approximately 13.52 million inbound and outbound journeys during the holiday period, marking a 2.8-fold increase compared to the same holiday period last year. Total entry-exit travels during the holiday returned to 90% of the 2019 levels.

Kaynak: Bloomberg

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