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SaltWire's Atlantic regional weather forecast for October 6, 2023 | SaltWireBEIJING - Chinese holidaymakers' spending surged during this year's eight-day Golden Week holiday, beating pre-pandemic levels and potentially boosting confidence in the country's economic recovery.
Spending on items from hotels to meals during the holiday from Sep. 29 to Oct. 6 is being closely watched for clues as to the strength of consumer appetite, as the economy struggles to recover after the COVID-19 pandemic.Average spending per trip during the Golden Week holiday this year reached 911.6 yuan , according to Reuters calculations based on government data published on Friday. This compared to 830.8 yuan per trip in 2019 when the holiday was seven days long, and 680.6 yuan last year.
Domestic tourism revenue for the holiday period totalled 753 billion yuan, up 129.5% from last year and 1.5% higher than 2019 levels, Xinhua said.
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