The Lunar New Year, marking the Year of the Dragon, has been celebrated across various cities with vibrant festivities and significant economic implications. Celebrations included traditional lion dances, parades, and community gatherings, emphasizing the cultural richness of the Chinese community worldwide. Notably, China experienced a substantial increase in travel and consumer spending during the holiday period, surpassing pre-COVID levels. Domestic tourist trips rose by 34.3% year-on-year, reaching 474 million, while tourism revenue jumped 47.3% to approximately 632.6 billion yuan ($88.9 billion). These figures indicate a promising sign of recovery in consumer confidence and spending within the world's second-largest economy, amidst challenges such as ongoing property crises and deflationary pressures.
Hundreds of people filled the streets of Chicago’s Chinatown on Sunday afternoon for a parade celebrating the Lunar New Year, featuring vibrant colors, festive floats and dancing. https://t.co/mterWwAviT
YEAR OF THE DRAGON// https://t.co/ibqAbv4gev
Analysis: Robust travel data from this year’s Lunar New Year holiday has offered hopeful signs of a recovery in household consumption in China, but some analysts are cautioning against breaking out the champagne too early. https://t.co/NOE6oVv3zr
Tourism revenues in China during the Lunar New Year holidays surged by 47.3% year-on-year and surpassed 2019 levels, thanks to a domestic travel boom amid a longer-than-usual break, official data showed https://t.co/n7JgZS9mLB https://t.co/xh7mLyKJEK
More Chinese travelers hit the road during the Lunar New Year holiday than ever before, but many restricted themselves to shoestring budgets https://t.co/TDymw4Ba7g
Chinese tourists were thrifty spenders over the nation’s lengthy Lunar New Year holiday season even as overall trips were up, underscoring the difficulties the world’s second-largest economy faces https://t.co/oOcjLZIQde
Bloomberg: "Chinese travel and spending during the Lunar New Year holiday exceeded levels from before the pandemic, adding to signs that consumption in the world’s second-largest economy is improving." https://t.co/6tHqRZTi4Y via @economics
Chinese travel and spending during the Lunar New Year holiday exceeded levels from before the pandemic, adding to signs that consumption in the world’s second-largest economy is improving. https://t.co/rFQGNDOs3x
China Lunar New Year travel spending surpasses pre-Covid levels — is consumption revival in sight? https://t.co/cbxvWeQhDz
Happy Lunar New Year to all celebrating! May the Year of the Dragon bring health, happiness, and success to you and your loved ones. 🐉 https://t.co/mtl8c9loPn
🇨🇳 The number of domestic trips made during this year's holiday grew by 34.3% from a year ago, totalling 474 million. Compared to the 2019 Lunar New Year holiday before the COVID pandemic struck the country, domestic tourism spending rose 7.7% and domestic trips increased 19%,… https://t.co/F5ejqBEIJV
Some fantastic Lunar New Year celebrations in town today! I loved how many kids had come dressed as dragons and dinosaurs to see the dragon dancers 🥹❤️ 🐉 Xīnnián hǎo 新年好 to everyone celebrating! https://t.co/06BkxoQyku
Impressive numbers. Over Chinese new year, domestic trips were up 34% year on year and 19% on pre-pandemic levels in 2019. Spending was up 47% year on year and 8% on 2019. https://t.co/AtmQSsyWWm
China's travel spending during Lunar New Year holidays beats pre-COVID levels - https://t.co/kSIsJhwX64
Chinese Lunar New Year travel and spending exceeded pre-pandemic levels in promising signs for the economy https://t.co/JqK4qLIoyh
China's travel spending during Lunar New Year holidays beats pre-COVID levels https://t.co/O5ezVUuvZs https://t.co/oZ5jOnIIKN
⚠️ CHINA'S TRAVEL SPENDING DURING LUNAR NEW YEAR HOLIDAYS BEATS PRE-COVID LEVELS Full Story → https://t.co/K3vPtJh2kI https://t.co/37kOnN1obQ
China saw a total of 474 million domestic tourist trips during the eight-day #SpringFestival holiday, up 34.3% YoY, while domestic tourism revenue over the same period hit 632.6 billion yuan (about $88.9 billion), up 47.3% YoY, according to the Ministry of Culture and Tourism. https://t.co/5TjTiPrNSa
Lunar New Year celebrations are in full swing, and I’m wishing everyone in our AAPI communities strength, health, and prosperity in the Year of the Dragon! https://t.co/PTtAbQRtaM
Happy Lunar New Year 🧧!!! Today in Chinatown is the annual community celebration of the lion festival with lion dancers prowling through the confetti-filled streets of the historic neighborhood! Don’t miss next week’s parade!!! https://t.co/4DBBIk30Ky
Wishing you all an infinitely prosperous Year of the Dragon. #ThisIsTheLife https://t.co/mw4yBW0zKI
.@downtownseattle invites you to join the Lunar New Year Celebration, February 18, 2024 in Westlake Park from 10am to 1pm. Celebrate the Year of the Dragon with a traditional lion dance performance featuring the Mak Fai Dragon & Lion Dance Association. https://t.co/1ALTgKvpWo
Happy #LunarNewYear from New York City! May the Year of the Dragon bring health, happiness, and success to all! https://t.co/Dou8wsi5Gh
The Chinatown Lunar New Year Parade will take place on Sunday, February 18! https://t.co/PHXsVuhL77
Beautiful @NixonLibrary #LunarNewYear celebration ringing in the Year of the Dragon and bringing together our AAPI community while showcasing Vietnamese, Korean, and Chinese traditions. https://t.co/75aVjhRUuM
Happy Lunar New Year! This Year of the Dragon, I wish all those celebrating happiness, success, and blessings to you and your loved ones! https://t.co/vhBFYYDVRL
The Year of the Dragon is off to a promising start, with travel over China’s Lunar New Year holiday season surging compared to the last few years https://t.co/U1tyGFXoSx
Rail trips jumped 61% in the first six days of China’s national Lunar New Year holiday over the same vacation period in 2023, offering a confidence boost as the economic recovery struggles amid an ongoing property crisis and deflationary pressures. https://t.co/zEnQO1gYzT
China's Lunar New Year travel surge points to consumer spending revival https://t.co/uMwOQKtiMv https://t.co/1YzHfxxjyv
A resurgence in travel over China’s Lunar New Year holiday is offering some signs of a consumer spending pickup in the world’s second-largest economy as it struggles with low confidence and deflation https://t.co/gWwfllAXdc
Honored to join colleagues in city gov’t for today’s annual Lunar New Year Celebration hosted by employees @CityOfBoston. We celebrated the Year of the Dragon and the exceptional contributions and sacrifices made by the Chinese community to our city and country. #bospoli https://t.co/nHriUiKtmY
New year, new beginnings! We're proud to stand with ALL our Asian New Yorkers celebrating the Year of the Dragon. Together we can #GetStuffDone for all our communities and build a stronger and brighter future for our city. https://t.co/ON1BWFx05K
2024 marks the Year of the Dragon 🐉 which is said to foster growth, progress and abundance in Chinese culture. To celebrate the town centre will transform into a festival of colour and sound on Sunday 18 February. For more visit https://t.co/I0Jta0J4WG https://t.co/z5COqlDcxO
Another great chance to celebrate Lunar New Year and welcome in the Year of the Dragon! https://t.co/9R8qwGDEOV