China experienced a significant increase in cross-border travel during the recent three-day Dragon Boat Festival holiday, with a 45.1% year-on-year rise in trips. The National Immigration Administration reported a total of 5.752 million entries and exits, averaging 1.917 million per day. This surge is attributed to China's proactive efforts to further open up its borders, with some indicators surging as much as 200 percent from last year’s levels. Despite the increase in travel, domestic tourism spending remained over 10% below 2019 levels, with some tourism-related stocks declining as Citigroup noted that travel demand was 'a bit weak.' Northwest China's Xinjiang Uygur Autonomous Region experienced a tourism boom during this year's Dragon Boat Festival.
Northwest China's Xinjiang Uygur Autonomous Region experienced a tourism boom during this year's Dragon Boat Festival, a traditional holiday in the country https://t.co/CwQtewg3VA https://t.co/0TAYu1Cf1a
China sees 45 pct surge in border crossings during Dragon Boat Festival holiday: National Immigration Administration https://t.co/jHgMkYIUVa https://t.co/h9yJhcvezr
#China’s tourist spending in Dragon Boat Festival holiday still over 10% below 2019-level, “consumption downgrade” and “price decline” continue – research  https://t.co/mvoXksrHUH
China’s recent Dragon Boat Festival holiday showed that the nation’s increasing number of domestic tourists still aren’t spending at pre-Covid levels https://t.co/w4QNDJ2PKO
🇨🇳 #China Tourism Shares Drop as Holiday Travel Demand Seen Weak - Bloomberg *Some Chinese tourism-related stocks decline as Citigroup says travel demand during the recent three-day holiday was “a bit weak.” *Domestic travel traffic and revenues were up 6.3%/8.1% y/y for the…
#Breaking: During the three-day Dragon Boat Festival holidays, border control authorities facilitated a total of 5.752 million entries and exits of Chinese and foreign nationals nationwide, averaging 1.917 million per day, a 45.1% increase compared to the same period last year.… https://t.co/tu0or4DjX5
🇨🇳China cross-border trips +45.1% y/y in the 3-day holiday, official data shows. #China #Tourism https://t.co/5zkX93K2KD
CHINA SEES 45.1% YEAR ON YEAR INCREASE IN CROSS-BORDER TRIPS DURING 3-DAY HOLIDAY: CCTV
Inbound and outbound tourism also saw a remarkable boom during the holidays, despite being short, with some indicators surging as much as 200 percent from last year’s levels. The robust growth in cross-border travel is supported by China’s proactive efforts to further open up its… https://t.co/FOWH3KMDTh