Current:Home > MarketsChina public holidays bring a post-COVID travel boom, and a boost for its shaky economic recovery -AssetTrainer
China public holidays bring a post-COVID travel boom, and a boost for its shaky economic recovery
Robert Brown View
Date:2025-04-07 14:23:01
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! (15)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Family of man who died while being admitted to psychiatric hospital agrees to $8.5M settlement
- Oklahoma state police trooper fatally shot a truck driver during a traffic stop
- Malaria is on the ropes in Bangladesh. But the parasite is punching back
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- LA councilman who rebuffed Biden’s call to resign after racism scandal is running for reelection
- Seattle officer should be put on leave for callous remarks about woman’s death, watchdog group says
- 'Becoming Frida Kahlo' on PBS is a perceptive, intimate look at the iconic artist
- Don't let hackers fool you with a 'scam
- Swarm of bees in potting soil attack, kill 59-year-old Kentucky man, coroner says
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Stock market today: Asian shares track Wall Street’s slump after Fed says rates may stay high in ’24
- Oklahoma state police trooper fatally shot a truck driver during a traffic stop
- George R.R. Martin, John Grisham and other major authors sue OpenAI, alleging systematic theft
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Father and son sentenced to probation for fire that killed 2 at New York assisted living facility
- Exclusive clip: Oprah Winfrey talks Ozempic, being 'shamed in the tabloids' for weight
- Under pressure over border, Biden admin grants protection to hundreds of thousands of Venezuelans
Recommendation
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Democrats want federal voting rights bill ahead of 2024 elections
Biden officials no longer traveling to Detroit this week to help resolve UAW strike
Tuberville tries to force a vote on single military nomination as he continues blockade
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Crash involving school van kills teen and injures 5 others, including 2 adults
Deposed Nigerien president petitions West African regional court to order his release, reinstatement
Quavo meets with Kamala Harris, other political figures on gun violence after Takeoff's death