China Golden Week spending per trip hits four-year low amid overseas travel jump
- BEIJING: Chinese travellers' average spending per trip fell to a four-year low during this year's seven-day Golden Week holiday, dashing hopes that strong travel demand would spur a broader recovery in consumer spending.
- Chinese consumers instead opted for more overseas travel to take advantage of a longer travel period around the holiday.
- That trend, along with movie ticket sales falling to their lowest in 12 years during the period, will likely raise concerns in the government, which has sought to spur domestic spending to boost the overall economy.
Unverified
- BEIJING: Chinese travellers' average spending per trip fell to a four-year low during this year's seven-day Golden Week holiday, dashing hopes that strong travel demand would spur a broader recovery in consumer spending.
- Chinese consumers instead opted for more overseas travel to take advantage of a longer travel period around the holiday.
- That trend, along with movie ticket sales falling to their lowest in 12 years during the period, will likely raise concerns in the government, which has sought to spur domestic spending to boost the overall economy.
Sources: CNA