China's travel activity and spending jumped above pre-pandemic levels during the Lunar New year holiday, in a sign that consumption was improving in the world's second-largest economy.
Tourists spent nearly 632.7 billion yuan ($87.95 billion) on domestic holiday trips, a 47.3% year-over-year jump, data showed.
State broadcaster China Central Television said citing the ministry that domestic trips represented a 19% rise over the same period in 2019 while spending rose 7.7%.
The Chinese mainland saw 3.6 million tourist departures and 3.23 million tourist arrivals during the holidays, according to the ministry, as mutual visa-free travel with certain countries hastened the recovery in both outbound and inbound travel during the holidays.
However, sustainability of the bump in travel remains uncertain as tourism revenue per trip still remained below the pre-pandemic level.
Persons:
Nomura
Organizations:
country's Ministry of Culture, Tourism, Tourists, China Central Television
Locations:
Sunday, State, China