Travel & Holidays

Labor Day Holiday Golden Week saw a spike in consumer expenditure

Labor Day Holiday Golden Week saw a spike in consumer expenditure

By Kajal Sharma - 06 May 2024 01:39 PM

encouraging indications of rising traveler numbers and spending during the five-day weekend. During the first three days of the holiday, consumption of "eating, drinking, and entertainment" services increased by 25% year over year in China, according to data supplied by the delivery platform Meituan. Orders for dine-in rose by 73% over the same time previous year.BI RAN, Reporter for CGTN "During this year's May Day holiday, a number of online travel platforms are reporting a spike in tourism that is higher than pre-pandemic levels for the same period in 2019." In addition to well-known tourist destinations and outbound travel, lesser-known locations and county-level locations have become popular choices."Data from Trip.come and Meituan also reveals a spike in searches for "county-level tourism" over the previous month. Over the Labor Day weekend, county-level hotel reservations increased by over fifty percent compared to the same period last year, while orders from neighborhood supermarkets and shops increased by fifty-five percent. Experiences such as "local specialties" and "off-the-beaten-path scenery" were highly sought for.The Auto Show's excitement is felt outside of the exhibit halls in Beijing. The newest automotive designs are on display for many customers in urban centers. Production and sales of new energy vehicles both surpassed two million in the first quarter of this year, marking a roughly 30% increase in comparison to the previous year. The retail penetration rate of NEVs surpassed 50 percent in the first half of April, overtaking fuel-powered passenger vehicles for the first time.China's box office is also doing well; on the first day of the Labor Day holiday, it brought in over 400 million yuan. a much greater amount than the 315 million on the same day the previous year. Holiday box office receipts as of May 4th exceeded 1.2 billion yuan, or roughly 165 million US dollars. Beijing, CGTN, Bi Ran.encouraging indications of rising traveler numbers and spending during the five-day weekend. During the first three days of the holiday, consumption of "eating, drinking, and entertainment" services increased by 25% year over year in China, according to data supplied by the delivery platform Meituan.May 6, Hong Kong (Reuters) - Many of the wealthy mainland tourists who once flocked to Hong Kong have been replaced by budget-conscious Chinese visitors, some of whom are content to spend an overnight stay in Shenzhen across the border and take free walking tours of the city. Laura Li, 28, and her cousin Diego Deng, 20, from northern Liaoning province, were among the younger tourists in Hong Kong during China's Labor Day weekend last week.

They favored to follow walking instructions on social media over going on tours or shopping at upscale establishments.For China's Generation Z, or the 280 million people born between 1995 and 2010, the must-have app is Xiaohongshu, sometimes referred to as Little Red Book, a social networking platform that allows users to explore Hong Kong neighborhoods and provides travel advice to visitors. Li remarked at the Yau Ma Tei Police Station, a neo-classical Edwardian-style edifice that has been featured in local TV dramas and films and is well-liked by tourists from the mainland, "Personally, I don't like to be with tour groups because the degree of freedom is too low."encouraging indications of rising traveler numbers and spending during the five-day weekend. During the first three days of the holiday, consumption of "eating, drinking, and entertainment" services increased by 25% year over year in China, according to data supplied by the delivery platform Meituan. Orders for dine-in rose by 73% over the same time previous year.BI RAN, Reporter for CGTN "During this year's May Day holiday, a number of online travel platforms are reporting a spike in tourism that is higher than pre-pandemic levels for the same period in 2019." In addition to well-known tourist destinations and outbound travel, lesser-known locations and county-level locations have become popular choices."Data from Trip.come and Meituan also reveals a spike in searches for "county-level tourism" over the previous month. Over the Labor Day weekend, county-level hotel reservations increased by over fifty percent compared to the same period last year, while orders from neighborhood supermarkets and shops increased by fifty-five percent. Experiences such as "local specialties" and "off-the-beaten-path scenery" were highly sought for.The Auto Show's excitement is felt outside of the exhibit halls in Beijing. The newest automotive designs are on display for many customers in urban centers. Production and sales of new energy vehicles both surpassed two million in the first quarter of this year, marking a roughly 30% increase in comparison to the previous year.

The retail penetration rate of NEVs surpassed 50 percent in the first half of April, overtaking fuel-powered passenger vehicles for the first time.China's box office is also doing well; on the first day of the Labor Day holiday, it brought in over 400 million yuan. a much greater amount than the 315 million on the same day the previous year. Holiday box office receipts as of May 4th exceeded 1.2 billion yuan, or roughly 165 million US dollars. Beijing, CGTN, Bi Ran.encouraging indications of rising traveler numbers and spending during the five-day weekend. During the first three days of the holiday, consumption of "eating, drinking, and entertainment" services increased by 25% year over year in China, according to data supplied by the delivery platform Meituan.May 6, Hong Kong (Reuters) - Many of the wealthy mainland tourists who once flocked to Hong Kong have been replaced by budget-conscious Chinese visitors, some of whom are content to spend an overnight stay in Shenzhen across the border and take free walking tours of the city. Laura Li, 28, and her cousin Diego Deng, 20, from northern Liaoning province, were among the younger tourists in Hong Kong during China's Labor Day weekend last week. They favored to follow walking instructions on social media over going on tours or shopping at upscale establishments.For China's Generation Z, or the 280 million people born between 1995 and 2010, the must-have app is Xiaohongshu, sometimes referred to as Little Red Book, a social networking platform that allows users to explore Hong Kong neighborhoods and provides travel advice to visitors. Li remarked at the Yau Ma Tei Police Station, a neo-classical Edwardian-style edifice that has been featured in local TV dramas and films and is well-liked by tourists from the mainland, "Personally, I don't like to be with tour groups because the degree of freedom is too low."

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