Current:Home > ScamsChina public holidays bring a post-COVID travel boom, and a boost for its shaky economic recovery -MarketStream
China public holidays bring a post-COVID travel boom, and a boost for its shaky economic recovery
View
Date:2025-04-18 13:38:42
Tokyo — Something unimaginable just one year ago is happening in China. With coronavirus lockdowns and travel restrictions behind them, hundreds of millions of Chinese are flocking to tourist attractions around the country.
Centered around the May Day public holiday on the first of the month, China's spring break lasts five days, starting on April 29. The China Tourism Academy predicted that more than 240 million passenger trips would be made during the five-day period this year, beating even pre-pandemic figures.
- COVID surge casts shadow over China's Lunar New Year travel rush
On the first day, travel surged 151.8% compared to the same day last year, with tickets to popular sites including the Badaling section of the Great Wall, near the Chinese capital, and Shanghai Disney all sold out. Both of Beijing's airports saw record numbers of flyers on Saturday.
Hotspots and resorts that looked like ghost towns only a few months ago have come fully back to life, with some even forced to post online notices warning holidaymakers to look elsewhere as they'd reached capacity.
China's tourism industry has not missed the chance to cash in. Official media reported that a resort town in southwest China was charging rates 16-times higher than its normal fees on April 30 as demand soared. Flights prices are also up an estimated 39% from 2019, before COVID struck and locked the country down.
- China lashes out at WHO, defends its search for COVID origin
It's a much-needed windfall for an increasingly important sector of China's mammoth economy. Three of China's largest airlines collectively lost almost $3 billion during the three years of travel restrictions, according to a Chinese financial news outlet.
The Chinese economy's recovery from COVID has been shaky, so the boost from tourism will be more than welcome both by industry, and government. New data have shown an unexpected decrease in factory activity last month amid weaker global demand for China's exported goods.
But China's ministry of commerce has said major retail and food service companies saw 21% sales growth on the first day of the "golden week" holiday compared to the previous year. Many are thanking a trend of what's been dubbed "revenge spending," as people with repressed retail and travel cravings have tried to catch up since the stringent "Zero-COVID" policy was abandoned last winter.
The Chinese crowds are not flocking to overseas destinations yet, however. Only 10% of Chinese travelers have international trips booked this year, according to new data. While domestic travel has bounced back to pre-COVID levels, the number of international flights departing China is still only about an eighth of the figures from 2019.
The study points to lingering safety concerns among Chinese travelers to explain that lag, rather than cost or availability.
- In:
- Travel
- Coronavirus Disease 2019
- Economy
- COVID-19
- COVID-19 Pandemic
- Disney World
- lockdown
- China
- Beijing
- Airlines
veryGood! (3)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- When is the next Powerball drawing? Jackpot soars to $1.4 billion, 3rd largest in history
- Marc Anthony and Wife Nadia Ferreira Heat Up the Red Carpet at Billboard Latin Music Awards 2023
- Geri Halliwell-Horner leans into 'smart and brilliant' Anne Boleyn character in novel
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- US regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisition
- Wisconsin Republicans want to make it a crime to be naked in public
- New report on New Jersey veterans home deaths says to move oversight away from military
- Skins Game to make return to Thanksgiving week with a modern look
- Kelly Ripa Shares the Perks of Going Through Menopause
Ranking
- Jamaica's Kishane Thompson more motivated after thrilling 100m finish against Noah Lyles
- Donald Trump may visit the Capitol to address Republicans as they pick a new speaker, AP sources say
- Trump allegedly discussed US nuclear subs with foreign national: Sources
- Amnesty International asks Pakistan to keep hosting Afghans as their expulsion may put them at risk
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- Drug delivery service leader gets 30 years in fentanyl poisoning deaths of 3 New Yorkers
- Baltimore police ask for help IDing ‘persons of interest’ seen in video in Morgan State shooting
- Amnesty International asks Pakistan to keep hosting Afghans as their expulsion may put them at risk
Recommendation
Travis Hunter, the 2
Norwegian author Jon Fosse wins Nobel Prize in Literature for 'innovative plays and prose'
A woman sues Disney World over severe injuries on a water slide
This week on Sunday Morning (October 8)
Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
The 10 essential Stephen King movies: Ranking iconic horror author’s books turned films
It's Texas-OU's last Red River Rivalry in the Big 12. This split is a sad one.
Federal judges pick new Alabama congressional map to boost Black voting power