Current:Home > MarketsChina public holidays bring a post-COVID travel boom, and a boost for its shaky economic recovery -Blueprint Money Mastery
China public holidays bring a post-COVID travel boom, and a boost for its shaky economic recovery
View
Date:2025-04-15 03:43:44
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! (91)
Related
- Nevada attorney general revives 2020 fake electors case
- Novak Djokovic beats Taylor Fritz at the US Open to reach his record 47th Grand Slam semifinal
- Seal Says His and Heidi Klum's Daughter Leni Made Him a Better Person in Heartfelt Message
- Latest out of Maui: The recovery, rebuilding begins after deadly wildfires
- Grammy nominee Teddy Swims on love, growth and embracing change
- US Open tennis balls serving up controversy, and perhaps, players' injuries
- Kylie Jenner and Timothée Chalamet Make First Public Appearance Together at Beyoncé Concert
- Debate over the name of Washington's NFL team is starting all over again
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Prosecutors in all 50 states urge Congress to strengthen tools to fight AI child sexual abuse images
Ranking
- Meet first time Grammy nominee Charley Crockett
- Judge blocks Wisconsin officials from using federal voter registration form
- The impeachment trial of Attorney General Ken Paxton is set to begin in the Texas Senate
- A half-century after Gen. Augusto Pinochet’s coup, some in Chile remember the dictatorship fondly
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Peter Navarro's trial on charges of contempt of Congress set to begin
- Person trapped at the bottom of 100-foot California ravine rescued after 5 days
- Dozens injured after Eritrean government supporters, opponents clash at protest in Israel
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Latest out of Maui: The recovery, rebuilding begins after deadly wildfires
Icebreaker, 2 helicopters used in perilous Antarctic rescue mission as researcher falls ill
Atlanta Fed President Raphael Bostic foresees interest rates staying higher for longer
Bodycam footage shows high
An orangutan, chirping birds and a waterfall at ASEAN venue contrast to Jakarta’s pollution outside
The next presidential campaign is coming into focus. It might look a lot like the last one.
'Friday Night Lights' author Buzz Bissinger is an unlikely hero in book-ban fight