BEIJING: Domestic travellers spent 166.9 billion yuan (US$23.13 billion) during one of China's longest breaks, the May Day holiday, for a rise of 13.5 per cent from pre-pandemic levels, government data showed on Monday, but expenditure per head lagged 2019 rates.
Fireworks light up over Victoria Harbour for the Chinese Labour Day 'Golden Week' holiday, in Hong Kong, China May 1, 2024. REUTERS/Tyrone Siu/File PhotoBEIJING: Domestic travellers spent 166.9 billion yuan during one of China's longest breaks, the May Day holiday, for a rise of 13.5 per cent from pre-pandemic levels, government data showed on Monday, but expenditure per head lagged 2019 rates.
But spending of 565.7 yuan per head during the event, a key opportunity for Chinese to go on family trips as the weather warms and flowers bloom, was down 11.5 per cent from pre-COVID levels in 2019, Reuters calculations based on official data show. The number of short trips grew noticeably during the break, Guotai Junan Securities said in a research note on Monday.
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