Current:Home > StocksChina public holidays bring a post-COVID travel boom, and a boost for its shaky economic recovery -RiskRadar
China public holidays bring a post-COVID travel boom, and a boost for its shaky economic recovery
View
Date:2025-04-26 07:03:37
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! (555)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- 'We're coming back': New Washington Commanders owners offer vision of team's future
- Lainey Wilson leads the 2023 Country Music Award nominations for the second year in a row
- Australia and China open their first high-level dialogue in 3 years in a sign of a slight thaw
- The Daily Money: Spending more on holiday travel?
- Why Matthew McConaughey Let Son Levi Join Social Media After Years of Discussing Pitfalls
- District attorney in Georgia election case against Trump and others seeks protections for jurors
- First day of school jitters: Influx of migrant children tests preparedness of NYC schools
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Lainey Wilson leads the 2023 Country Music Award nominations for the second year in a row
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Grizzly that killed woman near Yellowstone and attacked someone in Idaho killed after breaking into house
- Everyone’s talking about the Global South. But what is it?
- The UK is rejoining the European Union’s science research program as post-Brexit relations thaw
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Florida State joins College Football Playoff field in latest bowl projections
- Robbery suspect who eluded capture in a vehicle, on a bike and a sailboat arrested, police say
- Foreign Relations chair seeks answers from US oil firms on Russia business after Ukraine invasion
Recommendation
Woman dies after Singapore family of 3 gets into accident in Taiwan
Texas AG Ken Paxton’s impeachment trial defense includes claims of a Republican plot to remove him
Virginia lawsuit stemming from police pepper-spraying an Army officer will be settled
Grizzly bear suspected of maulings near Yellowstone area killed after breaking into house
Former Syrian official arrested in California who oversaw prison charged with torture
Florida State joins College Football Playoff field in latest bowl projections
Phoenix poised to break another heat record
North Carolina board reasserts funding control over charter schools after losing other powers