Weak Labor Day Spending Shows Tourism Hasn’t Recovered From Covid-19
Domestic tourists made tens of millions of trips and spent tens of billions of yuan during the first public holiday in China after the most serious coronavirus lockdowns were lifted, but those numbers still pale in comparison to those from last year’s Labor Day weekend.
During this year’s five-day holiday, the number of domestic trips was down 41% to 115 million and the amount of tourist spending plunged 60% to 47.6 billion yuan ($6.7 billion), compared with the shorter holiday period in 2019, according to data (link in Chinese) from the Ministry of Culture and Tourism.
During this year’s Labor Day holiday, average daily tourism spending was just a third of last year’s, according to Caixin calculations based on government data.
Still, the numbers do show a positive trend emerging over the past few weeks. Although the figures are down from last year, the number of holiday trips far exceeded the 43.3 million domestic trips recorded during the three-day Tomb-Sweeping Festival in early April. That’s been seen as a sign that China’s tourism industry, which has been crushed by the coronavirus pandemic, is on its way to recovery now that the country has come off high alert. By last week, all provincial-level regions on the Chinese mainland had lowered their public health emergency responses from the highest to the second-highest or even lower levels.
China has recorded fewer Covid-19 cases of late. On Tuesday, the Chinese mainland reported two new confirmed cases, both imported, according to data (link in Chinese) from China’s top health body. There were 339 confirmed cases on the mainland as of Tuesday.
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Caixin Global has launched Caixin CEIC Mobile, the mobile-only version of its world-class macroeconomic data platform.
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